Edison Gets New Name, Reorganizes
Edison Ventures, the Lenox Drive-based venture capital firm that has invested in high-tech industries over the past 28 years, has new leadership and a new name: Edison Partners. The company has also reorganized, completing the transition of ownership from founder John Martinson to a group of partners that includes managing partner Chris Sugden.
The company said in a statement that the new name “more closely unifies the firm’s investment strategy with the people and partnership approach behind it.”
“This is an exciting time for our firm and we believe the name, Edison Partners, not only is representative of our evolution in recent years, but also better describes our strategy in terms of our approach with entrepreneurs and stage of company in which we invest,” Sugden said.
The company also recently hired a new chief marketing officer, Kelly Ford, to head its brand new marketing arm as part of a general push to expand its service (see page 6.)
Sugden is now managing partner, and Michael Kopelman, Joe Allegra, Gary Golding, and Ryan Ziegler are general partners.
Edison Partners, 1009 Lenox Drive, Building 4, Suite 200, Lawrenceville 08648; 609-896-1900; fax, 609-896-0066. Chris Sugden, managing partner. www.edisonventure.com.
Cleantech, 12 Roszel Road, Suite A-204, Princeton 08540; 609-720-0300; fax, 609-720-0505. Ranjan Wijesinghe, president. www.cleantech.com.
Online gift delivery service sendonline.com is now part of the Cleantech group.
New in Town
American Appraisal Associates, 206 Rockingham Row, Princeton 08540-5760; 609-514-8254.
American Appraisal, a global appraisal firm headquartered in Milwaukee, has moved its Princeton office from 650 College Road East to 206 Rockingham Row. There are 10 employees in the local office.
Hartsough Kenny Chase & Sullivan, 34 Franklin Corner Road, Lawrenceville 08648; 609-844-0488; fax, 609-844-0784. Gary Backinoff, partner. hkcslawoffices.com.
Oswald & Zoschak PC, 34 Franklin Corner Road, Lawrenceville 08648; 609-844-0488; fax, 609-844-0784. Carol Oswald, attorney. www.ozfamilylaw.com.
The office of law firm Teich Groh on Franklin Corner Road has split into two new practices. Oswald and Zoschak left Teich Groh, which is based on Route 33 in Mercerville, in January, to start their own practice. Gary Backinoff from the same office Joined Quakerbridge Road-based Hartsough Kenny Chase & Sullivan at the same time. The two new firms now share an office at 34 Franklin Corner Road.
VMS, 300 Carnegie Center, Suite 200, Princeton; 609-430-8422; fax, 609-430-1711. Kristin Dayback, manager fund services. www.vmsfa.com.
VMS, an accounting firm specializing in serving venture capital companies, has moved from 47 Hulfish to a larger office at 300 Carnegie Center.
The Rev. Michael Dana Prewitt on July 12. The founding pastor of Montgomery Ministries and recently interim pastor of a Presbyterian church in Rhode Island, Prewitt was a founder of Dana Communications in Hopewell. The funeral will be Thursday, July 17, at 11 a.m. at the Hopewell Presbyterian Church, 80 West Broad Street, Hopewell.
Ruth Bergengren Perkins, 98, on July 7. She served on the board of the Princeton Symphony Orchestra and the American Scandinavian Foundation. She was the widow of James A. Perkins, former president of Cornell.