Crains New York - August 13, 2012 - (Page 8)

PEOPLE BETTER NOW THAN NEVER: As Neverware’s Jonathan Hefter sees it, education has “the greatest need for revolutionary technology.” BUSINESS Avg. total pay for equity partners at law firms in the mid-Atlantic region Sources: The National Law Journal and ALM Legal Intelligence $298K EXECUTIVE MOVES Sam Schwartz Engineering: Kris Bauman, 57, joined as executive vice president and chief operating officer. He was previously president at Bauman Co., which GOTHAM GIGS Juicebox gives new life to aging systems in schools Next up: expanding to hospitals and other large enterprises Jonathan Hefter spent a year in his parents’ Woodmere, L.I., basement refining an idea for a device that promised to breathe new life and speed into aging computers at schools around the country. His year-old startup is ringing up sales. Investors include Josh Kushner and Mark Suster, as well as venture capital firms Khosla Ventures, Raptor Ventures and General Catalyst. ¶ With a staff of six, Manhattan-based Neverware has already installed its server, dubbed Juicebox, in one school in the Bronx and two in New Jersey, and it has contracts for two more schools in Brooklyn. Mr. Hefter is continuing to focus on local expansion. Not bad for a 26-year-old CEO who once dreamed of a career on Wall Street and spent six months during his junior year at the Wharton School working in Hong Kong for a hedge fund. ¶ “Trading equities is like being a spectator at a horse race,” he said. “I wanted to be the jockey.” ¶ Armed with a B.S. in economics and a longtime fascination with technology, Mr. Hefter started designing a server that can link schools’ computers in the cloud to state-of-the-art software, from basic word-processing and spreadsheet programs to educational diagnostic-testing programs. He decided to focus on the education market because, as he sees it, “education currently has the greatest need for revolutionary technology.” ¶ Mr. Hefter hopes to piggyback on Washington, D.C.’s Race to the Top program, a $4 billion initiative under which the government invites states to compete for grants to help turn around struggling schools. One of the four areas stressed by the U.S. Department of Education is “improving the collection and use of data,” something Juicebox can do. Down the road, Mr. Hefter hopes to expand Juicebox to hospitals and other large enterprises. —esthena brutten Jump-starting computers he founded. JFI Jets: Bob Seidel, 53, joined the private aviation company as chief executive. He was previously general manager and senior vice president at Jet Aviation. New York State Common Retirement Fund: Vicki Fuller, 55, joined the public pension fund as chief investment officer. She was previously senior portfolio manager at AllianceBernstein. Vibrant Media: Tom Iler, 45, has joined the advertising company as chief technology officer. He was previously executive vice president and chief information officer at Ascend One. Alvarez & Marsal: Elaine Wood, 57, joined the professional services firm as managing director, a newly created position. She was previously managing director at Kroll. Urban Engineers Inc.: Stephen Ehrlich, 49, was promoted to director for construction management of facilities and aviation services at the planning, design and construction services company. He was previously practice leader for its facilities construction management division. J.H. Cohn: Peter Rabinowitz, 57, joined the accounting firm’s state and local tax practice as a director in its New York office. He was previously chief of audit operations for the New York City Department of Finance. UHY Advisors NY Inc.: Elite Rubin, 35, joined the tax and business consulting firm as director of marketing. She was previously Northeast marketing manager at McGladrey. Aptsandlofts.com: Christopher Havens, 58, joined the real estate brokerage as director of commercial property, a newly created position. He founded Creative Real Estate Group. The Nemo Tile Co.: Charlotte Barnard, 54, joined as creative director, a newly created position. She was previously deputy editor at Country Living. Arnold Worldwide: Jabari Simmons, 37, joined the communications company as director of user experience, a newly created position. He was previously senior information architect at Atmosphere Proximity. Matt Baker, 35, joined as vice president, group planning director and director of digital strategy, a newly created position. He was previously vice president and group planning director/solutions lead at Rapp NY. Pace University: Amar Gupta, 58, will join the school as dean of its buck ennis 8 | Crain’s New York Business | August 13, 2012 http://www.Aptsandlofts.com

Table of Contents for the Digital Edition of Crains New York - August 13, 2012

Crains New York - August 13, 2012
Table of Contents
IN THE BOROUGHS
IN THE MARKETS
THE INSIDER
BUSINESS PEOPLE
CORPORATE LADDER
OPINION
GREG DAVID
REAL ESTATE DEALS
FROM AROUND THE CITY
REPORT: SMALL BUSINESS
THE LIST
CLASSIFIEDS
NEW YORK, NEW YORK
SOURCE LUNCH
OUT AND ABOUT
SNAPS

Crains New York - August 13, 2012