In 1997, Bookspan contacted Mark Pankhurst
, a software engineer and veteran of a handful of regional high-tech start-ups, including Automated Catalog Services of Wayne.
originally met with Bookspan to try to dissuade him from leaving a law firm to start an Internet company.
However, after hearing the idea, Pankhurst
, 52, left the meeting planning to become Bookspan's partner.They would automate the process that Bookspan's paralegal did every evening.
A few months later, they took a prototype of CaseStream to an American Bar Association conference and trade show.The response was so positive that they rented office space in a Wayne business park along the Route 202 corridor.The two men launched MarketSpan with about $ 1 million of their own money.