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Our History |
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Princeton Consulting Group
was founded in September of 1988 as technology
search firm specializing in the markets of
telecommunications, market data, mainframe
computing and a new burgeoning market called
client server technology. Our firm was based
on
Fulton Street in lower Manhattan
and serviced investment banks, brokerage
firms, regional banks, and the ever-growing
pharmaceutical sector. We learned in the
1980’s about program trading, junk bonds,
portfolio insurance, and how these products
shaped our economy and effected the business
landscape. |
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As the 1990’s entered the picture the advent
of PC and client side development provided a
perfect opportunity to grow our practice as
Princeton moved to Madison Avenue in Midtown
Manhattan.
The landscape of technology changed greatly in
our years on Madison Avenue. The influence of
European money center banks, bank mergers, and
the continued growth in the internet created a
vibrant economy |
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As we entered the late 1990s hedge funds and
private equity groups became prevalent in the
acquisition of talented technology
professionals. Princeton saw our practice grow
as our clients strategies for growth included
an insatiable desire for technological
innovation. Who could forget the preparation
for the big event called Y2K! We also saw
geographic shifts by firms to locations
outside of NYC. Greenwich and Stamford became
household names for financial boutiques.
Jersey City, NJ entertained the large back
office technology needs of investment banks,
and the areas of downtown Brooklyn and Queens
NY were developed as technology hubs as
innovation and employment grew. Princeton
moved during this internet and dotcom era to
new offices at 2 Penn Plaza on the West Side
of Manhattan. This era was characterized
by exponential growth in businesses that
sought to take full advantage of technology
with limited attention to business models or
plans. The boom soon became a memory of excess
and speculation. |
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During the Fall of 2001 the Dotcom downtrend
started to move full steam ahead. Then
September 11 changed our world and our city
forever. We lost friends, business partners,
and associates who we will never forget and
will continue to honor. Our clients learned
the importance of contingency planning and
disaster recovery. As our economy recovered
from the shock of September 11, technology
continued to play a vital role. Hedge and
Private Equity Funds created growth for
talented technology professionals. These
boutique firms now competed for top talent
from developers to infrastructure
professionals and our firm serviced these
clients on the highest level. The money
center and investment banks continued to
shine as new financial instruments created
tremendous technological growth, innovation
and spending. Investment banks continued to
seek growth through technology, some even
sought public offerings of stock.
Princeton relocated to 14 Penn Plaza in
Midtown Manhattan in 2005 and opened a
secondary location in Edison NJ. |
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Our Firm continues on a quest to provide
exemplary service to both our candidates and
clients but we never can forget the voyage
through time that brought us to this day.
Technology has truly changed our landscape as
a country and has played a major role in
shaping our economy. |
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