Voxware Inc., 300 American Metro Boulevard, Suite 155, Hamilton 08619; 609-514-4100; fax, 609-514-4101. Keith Phillips, president and CEO. www.voxware.com.
Hamilton-based Voxware, a provider of voice solutions, has completed a Series B round of financing.
This investment was made with commitments from existing investors, according to a release. Financial terms of the agreement were not disclosed. The company’s investors include Edison Ventures on Lenox Drive in Lawrenceville, and Cross Atlantic Capital Partners in Radnor, PA.
Voxware, located in American Metro Center, will use the financing to support expansion in Europe, Latin and South America, the Middle East, and Asia. The company will also continue to invest in research and development of its voice recognition software including a cloud-based software solution, and a platform for voice-centric, multi-modal applications.
“Voxware has just closed a spectacular quarter, with revenue up 37 percent over the previous quarter,” said Keith Phillips, Voxware president and CEO. “This funding validates our momentum and growth potential, and will enable us to put the resources in place to continue our technology innovation and aggressively grow existing and new markets.”
This spring, Voxware added new customers including Houston Food Bank, Intertape Polymer Group, High Spec Lenses, and Per Una. Existing customers, including US Foods, Auto Zone, Performance Food Group, and Dunkin Donuts, expanded their commitment with Voxware with implementations at new sites.
“Voxware’s success and growth are solid evidence that voice has truly come of age, and this latest investment will help the company bring the benefits of high quality voice software to more markets worldwide,” said Don Caldwell, founder and CEO of Cross Atlantic Capital.
New in Town
Aicello America Corp., 182 Nassau Street, Suite 303, Princeton 08540; 609-436-5711; fax, 609-497-3940. Carlton Wong, president. www.aicello.com.
A sales office for Aicello America Corp., manufacturer of specialty plastic products, has moved into 182 Nassau Street.
Owned by Japan-based parent company Aicello Chemical Co., Aicello America is the distributor of corrosion inhibiting films, water soluble films, and hyperclean films in the United States and Mexico.
Cabot Lodge LLC, 731 Alexander Road, Suite 302, Princeton 08540; 609-759-6402; fax, 609-759-6401. Gary M. Stefanski, vice president, branch manager. www.clsecurities.com.
Cabot Lodge, a new financial services affiliate of Richmond, VA, based Allied Beacon Partners, has opened an office on Alexander Road.
The Princeton location, along with branches in Long Island and Manhattan, serves as the beginning of the firm’s initial expansion plans.
The company says it expects to hire more than 100 financial advisors in the next two years. Cabot Lodge’s financial advisors will own 49 percent of the firm and help determine its overall goals and vision, according to a company release.
Cabot Lodge offers alternative investment products for direct investment by accredited investors, including real estate syndications, tax credit programs, and oil and gas programs. It also provides access to publicly traded and non-traded real estate investment trusts.
UL EduNeering, 202 Carnegie Center, Suite 301, Princeton 08540; 609-627-5300; fax, 609-627-5330. Lisa Clune, president. www.kaplaneduneering.com.
Carnegie Center based Kaplan EduNeering has changed its name to UL Eduneering. The name change follows the acquisition of the company by safety science company Underwriters Laboratories (UL), based in Northbrook, Illinois, in April.
EduNeering produces operational software and online training in the areas of governance, risk management, and compliance. In addition to life and health sciences solutions, EduNeering’s products address compliance and regulatory issues in the energy, manufacturing, construction, engineering, health plan, and food processing sectors.
Out of Business
Right Energies LLC, 103 Carnegie Center, Suite 203, Princeton 08543; 609-662-0260.
Right Energies LLC has vacated its office in 103 Carnegie Center. The company filed for chapter 7 bankruptcy on March 9, and is represented by attorney Jerry D. Goldstein of Totowa, Goldstein’s office confirmed.
The company was founded by Chris Tyrrell and Gerald O’Donnell, former Wall Streeters, and sold energy-efficient lighting technologies to warehouse and factory owners.
Formed in 2010, was originally based in O’Donnell’s West Windsor basement, then it spent three months in shared office space on Independence Way before moving to the Carnegie Center, occupying 1,100 square feet.
Thaddeus “Ted” Kuziora, 63, on August 3. He was a retired
X-ray technician for 40 years, working for Mercer Hospital and the Trenton Orthodpedic Group.
Iver Peterson, 70, on August. 1. A correspondent for the New York Times, Peterson worked at several bureaus throughout the United States, including Trenton. See column, page 43.
Carl Nitti, 64, on July 29. He was co-owner of Nitti Subaru in Hamilton Square for 40 years
Elizabeth Antonia Manion, 85, on July 26. She worked at the Ocean Spray Company in Bordentown, Magic Marker in Trenton, and McLean Engineering in Princeton Junction.
Stephen Paul Ehret, 81, on July 31. He was a chief estimator in the construction industry in the Trenton and Princeton area.
Antoinette Mary Orsi on July 21. She worked at Princeton University and Educational Testing Service, where she was the vice president of operations at the time of her retirement.