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This article was published in U.S. 1 Newspaper on November 24,
1999. All rights reserved.
Management Moves: RCN and PFS
08540. David C. McCourt, CEO. 609-734-3700; fax, 609-734-7551.
Eileen Gabriel has been named chief information officer of this
company. Formerly vice president of information systems at Toys R
Us, she will be in charge of developing RCN’s Convergent Billing and
Operational Support project (C-BOSS) to support RCN’s bundled service
offerings — local and long distance phone, cable television, and
"One of my key challenges is to build a knowledgeable and
dedicated staff," she says.
Suite 2400, Princeton 08540. James C. Russell, CEO. 609-987-2400;
fax, 609-987-9320. Home page: http://www.pfs.com.
James C. Russo, 52, is the new chief executive officer, succeeding
William Mayhall. He retains his post as president. A graduate of Pace,
he had had vice president jobs at Shaw Data Services and Continental
Insurance before joining Princeton Financial in 1992. PFS is an
subsidiary of State Street Corporation and a provider of portfolio
accounting and management systems for institutional investors.
Neal, president. 609-620-0095; fax, 609-620-0096. Home page:
After one year on Princeton Pike, this Microsoft solution provider
has moved to 100 Round Hill Drive, Freehold 07728; 732-303-1173.
Princeton 08540. William T. Grimm, president. 609-514-1000; fax,
Home page: http://www.infoparadigm.com.
This management consulting and systems development for financial
industry has had a liquidation sale for its office equipment,
to the landlord. Of the 11,000 feet that the firm vacated, First
Services took 7,600 feet on the third floor, and VLSI/Philips
is temporarily in part of the 9,000 square foot space on the first
08648. Murray H. Reich, president. 609-912-1050; fax, 609-912-1055.
Murray Reich has sold the 26-year-old polymer company to CT
a three-year-old division of CardioTech International based in Woburn
The sale was made in July and the four-person company has started
packing. "We will slowly move the company up here," says John
Hudson, director of operations of the acquiring firm, which is traded
as CTE on the American Stock Exchange. It manufactures hydrophobic
biomaterials that do not absorb water. "We purchased TPH because
they make a hydrophylic or water-loving polymer, and we thought the
two companies would be synergistic," says Hudson.
Reich, the president, will remain in Princeton as a consultant (U.S.
1, January 7, 1998). TPH sells polyether polyurethanes to Helene
Thermosilk series. It also sells products to Kendall, a division of
Tyco, for wound care dressings. CT International supplies Chronoflex,
an access port for delivering pharmaceuticals, to CP Bard. It has
22 employees evenly divided between Massachusetts and the United
Jeff Miller, the account manager, Andy Thornton, and two other
of a legal document service moved from Princeton Executive Campus
and were absorbed by Ikon’s Philadelphia office. This branch of the
$5.6 billion company, one of 125 in the document services division,
provides all kinds of legal document services, such as litigation
copy, data storage, and trial exhibits.
Nevertheless, the parent company, Ikon Office Solutions, remains at
Princeton Executive Campus. James Forese is president and CEO of Ikon
Office Solutions, which employs 250 people in Malvern, Pennsylvania,
and 40,000 employees in 1,000 locations worldwide.
Founded in 1965 by Tink (Tinkham) Veale as a specialty manufacturing
company called Alco Standard Corporation, this firm went public the
same year. It moved into various fields — chemicals, healthcare,
and wine and spirits, and by 1997 it had sold off or spun off all
companies but two. Its paper distribution firm, Unisource Worldwide,
was sold to Georgia Pacific. Meanwhile, Alco bought a couple hundred
office machine distribution companies and changed its name to Ikon
Office Solutions, trading on the New York Stock Exchange as IKN. Now
the parent company offers office equipment and facilities management
plus computer networking, and the subsidiary does document services.
"The difference between an Ikon and a Xerox is that Ikon partners
with a lot of different vendors," says a spokesperson, who claims
Ikon is second only to Xerox in sales for office machines and is the
number one distributor of Canon products in the United States. It
is also an authorized vendor for Ricoh, Oce, and Muratec.
Suite 800, Philadelphia PA 19103, 215-557-7070; fax, 215-557-8067.
Jim Bocchino, managing partner.
Princeton Executive Campus Suite 125, Monmouth Junction 08852.
Road, Princeton 08540. Dianne Brake, president. 609-452-1717; fax,
Formerly the MSM Regional Council, the non-profit planning and
group made its name change official. The MSM had stood for Middlesex,
Somerset, and Mercer, the three counties on which the organization’s
efforts continue to be focussed.
08540. Kevin McGuire, operating manager. 609-720-9000; fax,
Home page: http://www.trintech.com.
Trintech made history by being the first Ireland-based company to
compete an initial public offering on two stock exchanges on one day,
September 24. It is trading on the Nasdaq as TTPA and on the
in Germany as TTP. The sale of 5.8 million shares at $11.55 raised
$63 million. This Princeton office does software development for
at Covance Inc.
analyst with Merrill Lynch in Plainsboro.
She had been a receptionist at Princeton University Press.
Princeton Plasma Physics Laboratory.
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