Mikros Systems Corp., 707 Alexander Road, Building 2, Suite 208, Box 7189, Princeton 08543; 609-987-1513; fax, 609-987-8114. Thomas J. Meaney, president. www.mikrossystems.com.
Mikros Systems, a military R&D company on Alexander Road, has been selected by Northrop Grumman to assist in the design of wireless networks on submarines as part of the U.S. Navy’s Consolidated Afloat Networks and Enterprise Services (CANES) program.
“Mikros was selected as a small business partner on the Northrop Grumman CANES team for its proficiency in wireless network systems planning and installation support,” says a company release. “Mikros has designed, planned, and supported installations of wireless networks aboard multiple classes of U.S. Navy ships. This capability should prove valuable to the CANES program.”
“We have worked closely over the years with the Navy’s technical community to develop specific knowledge and software tailored to meet the unique demands of installing and operating wireless networks in shipboard environments,” said Tom Meaney, Mikros president.
Mikros, founded in 1978, specializes in the research and development of electronic systems technology primarily for military applications. Its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence systems engineering, and communications engineering.
Mikros’ primary business is through contracts from the Department of Homeland Security, U.S. Navy, and other governmental entities.
Opinion Research Corporation, 902 Carnegie Center, Suite 220, Box 183, Princeton 08542-0183; 609-452-5400; fax, 609-452-5292. Mark Litvinoff, president, ORC. www.opinionresearch.com.
Opinion Research Corporation (ORC), a global market research firm, has acquired Marketing Research Services Inc. (MRSI), a privately held Cincinnati-based firm specializing in consumer research.
“The MRSI acquisition builds on ORC International’s strong heritage and experience in delivering leading-edge research solutions to support the innovation, growth, customer strategy, and employee engagement challenges of its clients,” says a company release.
Under the deal, which was finalized on December 11, Todd Earhart, MRSI president, will lead ORC International’s consumer practice. Terms of the deal were not released.
“MRSI brings a focus on the Hispanic consumer market to ORC International,” says the release. “Together, through ORC International’s Integrated Intelligence research platform, the combined organization will deliver unique value to the consumer research arena.”
Sunray Infosys Inc., 11 Schalks Crossing Road, Suite 620, Plainsboro 08538; 609-799-2700. Ray Nallanukala, president. www.sunrayinfosysinc.com.
Sunray Infosys, which places technical and IT-oriented consultants, has moved its office from 100 Canal Pointe Boulevard to 11 Schalks Crossing Road in Plainsboro.
The company, which also develops IT and project management for governments, corporations, tech start-ups, manufacturing, and utility companies, also has offices in Rhode Island and India.
Wong Fleming PC, 821 Alexander Road, Suite 200, Box 3663, Princeton 08543-3663; 609-951-9520; fax, 609-951-0270. Linda Wong and Dan Fleming, partners. www.wongfleming.com.
Wong Fleming PC has moved from Suite 150 to Suite 200 in 821 Alexander Road. The law firm specializes in commercial and employment litigation and commercial transactions, representing businesses and individuals.
Zycus Inc., 103 Carnegie Center, Suite 201, Princeton 08540; 609-799-5664; fax, 609-799-6047. Hemant Nadkarni, VP-sales. www.zycus.com.
Zycus Inc. has moved to Suite 201 from Suite 117 in 103 Carnegie Center. The company, which offers solutions in procurement technology, also has locations in Chicago, Atlanta, and London. Its research and development center is in Mumbai, India.
Billtrust, 100 American Metro Boulevard, Suite 150, Hamilton 08619; 609-235-1010; fax, 609-235-1011. Flint Lane, president. www.billtrust.com.
Billtrust, provider of outsourced billing services, has acquired Best Practice Systems of Englewood, Colorado, a provider of end-to-end billing solutions. The financial terms of the deal have not been released.
Billtrust’s acquisition of Best Practice is the second in the past year, and is the first following a $25 million capital investment in Billtrust by Bain Capital Ventures. That funding, announced in November, is being used by Billtrust to acquire companies that will further strengthen its position in the billing and payments industry. Last January, Billtrust acquired Mark Altman & Associates of Hudson, MA, to strengthen its business in the area of government billing services.
“Billtrust and Best Practice Systems are a great fit,” said Flint Lane, Billtrust CEO and president. “Our customer bases are diverse, spanning different market segments and billing needs. Our joint electronic offerings will place us in a commanding position within the industry.”
Bio2Electric, 201 Washington Road, Princeton 08543; 609-734-2183; John A. Sofranko, founder & CEO.
Bio2Electric, an energy technology company on Washington Road in the Sarnoff Center, was one of 66 companies to receive a $600,000 grant from the federal government.
The company’s project to convert natural gas into liquid fuel was selected by the U.S. Energy Department’s Advanced Research Projects Agency (ARPA-E) to receive a total of $130 million in funding through its “OPEN 2012” program. Funding ranged from almost $5 million to about $400,000.
Bio2Electric describes itself on its website as “an early stage start-up company developing technologies for the conversion of bio renewable fuels to power.” The company was formed in 2009 as a partnership between TreadStone Technologies — a manufacturer of technologies for fuel cells and electrochemical devices — and other private investors.
The project being funded by the federal grant calls for Bio2Electric to develop a small-scale reactor that converts natural gas into a liquid transportation fuel by combining fuel cell technology with advanced catalysts.
“Conventional large-scale gasto-liquid reactors produce waste-heat, reducing the energy efficiency of the process,” states the ARPA-E description of the project. “In contrast, this reactor produces electricity as a byproduct of fuel production. If successful, this small-scale reactor could be deployed in remote locations to provide not only liquid fuel but also electricity, increasing the utility of geographically isolated gas reserves.”
Edison Venture Fund, 1009 Lenox Drive, Building 4, Suite 200, Lawrenceville 08648; 609-896-1900; fax, 609-896-0066. John H. Martinson, managing partner. www.edisonventure.com.
Edison Ventures, the equity investment firm on Lenox Drive, says it expects to achieve three times its investment in WAM Systems, a company that was acquired by Triple Point Technology earlier this month.
Edison did not disclose the amount it expects to make on the deal or its initial investment in WAM. Also, Triple Point Technology, a Westport, Connecticut-based provider of commodity management software, didn’t disclose how much it paid for WAM.
WAM, based in Plymouth Meeting, PA, is a provider of supply chain planning and optimization solutions for oil and gas, chemicals, and pharmaceuticals industries. WAM’s customers include Indian Oil, LyondellBasell, PetroChina, PTT Global Chemical, Sasol Oil, Saudi Aramco and Solvay.
Fudakang Industrial LLC, 666 Plainsboro Road, Suite 435, Plainsboro 08536; 609-269-5484; fax, 609-269-5498. Jephanie Chen, sales manager. www.fudakang.com.
Fudakang Industrial, a China-based manufacturer of digital medical equipment, has opened a sales office in the Princeton Meadows Office Center.
The company, which has a factory in Dong Guan, China, manufactures digital thermometers, blood pressure monitors and cuffs, and infrared thermometers.
#b#New in Town#/b#
Princeton Wealth Management Group LLC, 182 Nassau Street, Suite 304, Princeton 08542; 609-279-9512; Fax, 609-279-9514. Francis J. Buckley, partner. www.princetonwmg.com.
Princeton Wealth Management Group, a boutique investment and financial planning firm, has opened an office at 182 Nassau Street, Suite 304.
McGuirk Media, 162 Nassau Street, Princeton 08542; 609-271-0503. Bryan A. McGuirk, president & CEO. www.mcguirkmedia.com.
McGuirk Media, a digital media consulting firm, has located at 62 Nassau Street, Suite 100.
Founded in 2010, McGuirk develops new technologies and applications aimed at enhancing and integrating television and internet markets.
Intellect Technologies, 4301 Route 1, Suite 120, Monmouth Junction 08852; 609-454-3170; fax, 609-454-3272. Sri Himakuntala, president & CEO. www.intellecttech.com.
Intellect Technologies has moved its headquarters from Seacaucus to 4301 Route 1 South in Monmouth Junction.
The company provides software solutions, and IT and management consultancy services to the freight logistics and liner shipping industries.
G & G Underwriters LLC, 411 South State Street, Newtown 18940; 609-219-9100; fax, 609-219-9101. Robert Gage CPCU, partner. www.ggund.com.
Insurance company G&G Underwriters has moved from 133 Franklin Corner Road to 411 South State Street, Newtown, PA.
Thomas J. Valeri Sr., 83, on January 10. Father of Thomas J. Valeri Jr., co-publisher of Community News Service, including U.S. 1 Newspaper, Valeri retired in 1987 after working for 30 years at Chubb Insurance. For the past 50 years he was a self-employed tax accountant.