Billtrust Staying in NJ; Expects to Add 200 New Jobs
Soon after it was approved for $12 million in Grow NJ assistance by the board of the New Jersey Economic Development Authority (EDA), payment-management company Billtrust (Hamilton) announced that it would be moving to Lawrenceville. The $12 million, in the form of tax credits, will be parceled out in $1.2 million increments over a 10-year period.
NJ TECH CORNER: Wireless Telecom Group, Inc.
Wireless Telecom Group, Inc. (NYSE: WTT), comprised of Boonton Electronics, CommAgility, Microlab and Noisecom, is a global designer and manufacturer of advanced RF and microwave components, modules, systems and instruments.
At Keller Demo Day, Six Student Teams Pitch Their Companies
Six startup teams pitched at the Keller Center’s eLab Summer Accelerator Program Demo Day, held at the Friend Center at Princeton University on August 15. The next day, they did it all again, this time at the AppNexus offices, in New York City. NJTechWeekly.com attended the Princeton event to see what this year’s teams were up to.
At Jersey City Tech Meetup, Abe Kasbo of Verasoni Talks about Competing with Amazon
Online retailers received a better understanding of how to compete with mega e-commerce site Amazon at the Jersey City Tech Meetup in August. The meetup took place at the headquarters of Jersey City-based software company Stratacent with Jim Barrood, president and CEO of the New Jersey Tech Council, acting as the MC.
10 Fastest-Growing NJ Tech Companies from the 2017 Inc. 5000 List
The 10 companies listed below are New Jersey tech firms that placed near the top of the Inc. 5000 list this year. For those that don’t know, Inc. magazine publishes a list of the fastest-growing private companies each year. The ranking is based on the percentage growth of a company’s net sales over a three-year period.