Voxware’s Sale

Contracts Awarded

In the News

Leaving Town


Corrections or additions?


This articles by Barbara Fox were published in U.S. 1 Newspaper on September 29, 1999. All rights reserved.

Trintech’s IPO

An Irish electronic commerce company with a Princeton

R&D lab did an initial public offering on Nasdaq on Friday, September

24. The starting price for 5.8 million shares of Trintech (TTPA) was

$11.55 and the stock closed September 27 at just under $15.

Kevin McGuire, the oldest of three brothers who founded this company,

recruited former colleagues at Princeton Plasma Physics Lab to help

open the R&D office here (U.S. 1, December 3, 1997), and it has expanded

to 16 employees in 4,172 square feet on Independence Way. Its latest

product is ezCard, a virtual version of a consumer’s plastic credit

or debit card that resides on the PC and "auto-populates"

(fills out) online merchant payment forms.

The new stock is being managed in the United States by Deutsche Banc,

Alex.Brown Inc., BancBoston Robertson Stephens Inc., and Donaldson

Lufkin & Jenrette Securities Corp.

Trintech (TTPA), 5 Independence Way, Princeton

08540. Kevin McGuire, operating manager. 609-720-9000; fax, 609-720-1020.

Home page: http://www.trintech.com.

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Voxware’s Sale

After six years of developing digital speech and audio

technologies. Voxware has sold its speech coding business to Lucent

for $5.1 million in cash. Now it will concentrate on making speech

recognition-based industrial automation products for such applications

as warehouse picking, receiving, inventory, and manufacturing inspection.

The firm has 34 employees and 9,000 square feet on College Road East.

Before it went public in October, 1996, Voxware had focused on consumer

CD-ROM products. Then it targeted Internet telephones (U.S. 1, July

16, 1997) but found that market lagged behind expectations. In 1997,

when Bathsheba J. Malsheen replaced co-founder Michael Goldstein as

CEO, the company was burning through the $20 million raised from the

IPO at a rate of $1 million per quarter. Malsheen changed the focus

to original equipment manufacturing (OEM) clients instead of end-user

applications and, when the company bought Verbex Voice Systems, began

to concentrate on warehouse systems.

"The cash from the Lucent transaction will be instrumental in

funding marketing and product development initiatives in our industrial

speech recognition products business, which we have been pursuing

since our acquisition of Verbex Voice Systems in February," says


Voxware’s most recent warehouse product is the Mobile Voice Pac, a

headset with a boom microphone for use in a refrigerated warehouse

where workers need to keep their hands and eyes free.

Voxware Inc. (VOXW), 305 College Road East, Princeton

08540. Bathsheba J. Malsheen, president and CEO. 609-514-4100; fax,

609-514-4101. Home page: http://www.voxware.com/.

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Contracts Awarded

Sovereign Bank Arena, 640 South Broad Street, Box

8068, Trenton 08650. Scott Sloman, general manager. 609-278-2757;

fax, 609-278-2756. Home page: http://www.sovereignbank-arena.com.

The Electric Factory Concerts and Metropolitan Entertainment Group

have formed a joint partnership to promote concerts at this 10,000-seat

arena, managed by GFS of Tampa, Florida. Among the first concerts

is John Mellencamp on October 22.

Top Of Page
In the News

Compugen, 7 Centre Drive, Suite 7, Jamesburg 08831.

Simchon Faigler, vice president, technology. 609-655-5105; fax, 609-655-5114.

Home page: http://www.cgen.com.

This bioinformatic research and development company, profiled in U.S.

1 on June 2, was included in a September 20 New York Times article:

"Compugen, after building a successful business selling bioinformatics

tools, has recently added a genomics thrust, selling novel gene variants

the Compugen researchers have identified with the company’s tools."

Top Of Page
Leaving Town

New Jersey Technology Council, 1001 Briggs Road,

Suite 280, Mt. Laurel 08054. Maxine Ballen, president. 856-787-9700;

fax, 856-787-9800. Home page: http://www.NJTC.org.

Maxine Ballen has moved the eight-person office of the New Jersey

Technology Council to Mt. Laurel; phone and fax are new. The statewide

group provides networking, information, and services for the state’s

technology businesses.

The NJTC has retained one office at its Princeton location, at the

law firm of Buchanan Ingersoll, but this office will be staffed only

for meetings and not on a regular basis. "As the council grows,"

said Ballen in a letter to members, "our members are spread throughout

the Innovation State. Thus opening an office in South Jersey only

made sense."

Ernst & Young, 202 Carnegie Center, Suite 200,

Princeton 08543-5321. Donald R. Richards, managing partner. 609-951-8800.

Almost all of the nearly 50 employees vacated the regional office

at 202 Carnegie Center and relocated to Ernst & Young’s Iselin office.

The remaining crew is scheduled to leave by October 1.

Farm Fresh Flowers Inc., 166 Bunn Drive, Princeton

08540. Leonor Cubillos-Brown, owner, marketing manager. 609-921-7466.

This small flower brokerage business has moved to Florida. The new

number is 305-594-1038.

Meridian Emerging Markets Ltd., 3535 Quakerbridge

Road, Hamilton 08619. Tacio M. Carvalho, president and CEO. 609-584-5590.

Home page: http://www.memltd.com.

The global financial information services provider, founded in 1996,

officially closed its offices on September 3. All questions regarding

accounts are directed to Chris Rogers, 609-915-2571. The mailing address

is now Box 28, Titusville, 08560.

It published an online newsletter about worldwide emerging markets

with real-time news, pricing, and research services and compiled fundamental

financial information on publicly traded emerging markets companies.

Top Of Page

Edward C. Fox, 65, on September 23. He was an electrical

engineer at the Sarnoff Corporation.

Arthur H. Dura, 64, on September 24. He worked at Heinemann

Electric and at Sam’s Club at Nassau Park.

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