NJ Tech Company Roundup: Eastern DataComm, Wayside Technology Group and SHI
Eastern DataComm: Eastern DataComm (Hackensack) said that the United States Patent and Trademark Office has issued a patent for an element of Eastern DataComm’s proprietary Lockdown and Emergency Notification System (LENS). Wayside Technology Group announced the launch of their new redesigned website and brand refresh. SHI International Corp. ended 2016 with $7.56 billion in revenue, a 12 percent year-over-year increase.
Startup Roundup: GovPilot and eureQa
GovPilot (Hoboken), a municipal software provider, released its newest software product, a mobile app called “GovAlert,” in both Android and iPhone versions.eureQa (Cherry Hill), an SaaS automation platform for e-commerce testing, has raised $400K in follow-on funding from leading investors active in the Philadelphia area.
Remembering Caren Franzini: Former EDA Leader was Friend to the New Jersey Tech Industry
In late January, Caren Franzini passed away. Franzini was the former CEO of the New Jersey Economic Development Authority, holding that post from 1994 to 2012. During her term of office, she navigated some very tough times for the New Jersey tech and life sciences community, remained a friend to New Jersey tech companies and their founders and implemented many creative programs. Here is what some members of the New Jersey tech community who knew Franzini had to say about her:
New Jersey Law Firm McCarter & English Highly Rated by PitchBook for Venture Capital Activity
McCarter & English (Newark and East Brunswick), a law firm that often represents tech startups in New Jersey, has been given top rankings in several categories by PitchBook (New York), a comprehensive source of information on the activities of venture-capital and private-equity firms and of their affiliated service providers.
Bridgewater-based Synchronoss Regroups for Enterprise Market Assault
On January 19, Sychronoss announced that it had completed its tender offer to acquire all the outstanding shares of Intralinks Holdings (New York) for $821 million. At the same time it acquired Intralinks, Synchronoss agreed to sell a portion of its activation business to Sequential Technology International (Warren) for $146 million.
CEO Stephen Waldis moved to executive chairman as part of the deal to acquire Intralinks. He was an example of that rare entity, a startup founder who brought it to IPO and remained as CEO as it grew