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By Larissa Lytwyn
Despite investing years of
hard work into her dreams, Antoinette Allocca almost lost it all
in 2002.
That year she was
hit with a double whammy-the economic ramifications of Sept. 11,
2001 and a serious illness that nearly took her husband.
The experience
spurred Allocca, 52, entrepreneur, wife and mother of four, the
“rethink how to rebuild (my) business and (my) family life.”
Today, the
10-year Easton resident works from her multi-million dollar
“retreat” with her husband, Mark Greenspan.
Allocca is the
founder and chief executive official of Essential Data
Corporation (EDC), a technical writing firm based in Stamford,
Greenspan is the
Chief Operating Officer.
In the early
1980’s, while working for Vital Software Company in New York
City, Allocca began conceptualizing a service that would make
businesses amore efficient and profitable.
“I saw an
untapped market in older workers,” Allocca said the ones who
were getting laid off. The ones who had lots of professional
experience.”
Programming
itself can be a demanding job. “To have to write the
accompanying manuals, maintenance and test procedures make it
even more so,” Allocca said.
“Writing does
not come easily to some of these programmers.”
After a
promotion to Vice President of Marketing in Vital’s technical
writing division excluded an increase in salary or bonuses,
Allocca made the decision to go it alone.
Although Allocca
and Greenspan, an attorney, were both seasoned professionals
with sizeable incomes, the challenges of launching a new
business were daunting.
“It was
difficult,” Allocca said. “We had a big mortgage. It takes a
lot just to get a company off the ground.”
Through ED,
Allocca answered the need for technical expertise by providing
companies with writers (or “consultants”) to convert their
programs into lucid prose.
EDC’s first office opened in
1988. It was a 200-square-foot space with eight desks.
Slowly but
steadily, the company increased its work force and its
clientele.
Then there was
the “aha moment” when Allocca attended a workshop sponsored by
the Women’s Business Enterprise National Council.
“I realized how
much potential there was in the ‘mature ‘ worker,” Allocca said.
Most of
Allocca’s key staff re already in their 40’s or older.
“There were lots
of reasons they were drawn to me, “ she said. “One important
component was that they felt undervalued in their current jobs.”
Being older,
Allocca said, they had achieved a certain level of professional
success – buth there wasn’t a lot of “new things” to discover.
In 1997, EDC
became a million-dollar company and moved to a new
3,000-sqaure-foot space.
By the next
year, it was worth $10 million. In 1999, revenue doubled to $20
million.
Then, amidst her
professional ascension, everything began to fall apart.
In the awake of
9-11, the American economy endured a nasty shake-up. Business
began to decline.
Allocca remained
optimistic. The world around her, however, continued to cave.
Despite her
verve and insight into the changing marketplace, Allocca began
undergoing several personal crises.
In 2002,
Greenspan was diagnosed with non-Hodgkin’s lymphoma.
The couple was
in the middle of building their “dream home” on a 10-acre parcel
in Easton.
“We loved
Easton’s rural feeling, despite being so close to New York,”
Allocca said. “It reminded me of my childhood.”
She was one of
five children raised by a single mother in Long Island and New
Jersey.
“I wanted to get
away for the intensity of the city,” she said. “My husband and
I wanted a place where we could literally retreat.”
The Frank Lloyd
Wright inspired, 12,000-square-foot home epitomizes modern,
minimalist style.
“We were
over-budget,” Allocca said. “The project dragged on and on.
EDC wasn’t doing as well as it had been. My husband was very,
very sick.”
Greenspan
underwent aggressive chemotherapy and a double stem cell
transplant.
He now is in
remission.
“It’s clichéd
but true,” Allocca said. “Having gone through all that I can
honestly say that the dreams we’ve achieved are that much
sweeter.”
Today, EDC’s
client list reads lid a Whos’ Who of Fortune 100 companies,
including Aetna, American Express, Dow Jones, J.P. Morgan,
General Electric, Exxon, Time Warner and United Technologies.
EDC now is worth
about $25 million.
The decision to
work at home has rejuvenated her.
“After going
through all that with (Greenspan) and building the house, there
was a time when I needed to stop and reflect,” she said.
At that time,
she began taking hour-long walks down Easton’s long, winding
roads.
She befriended
several other mothers, many of whom also were professional
women.
“I became known
as ‘the walker lady,” Allocca said.
Working from
home is the essence of achieving the all-important” work-life
balance,” she said.
She’s there when
her two youngest children, Olivia, 8 and Joey 11, return home
from school.
To Joey, finding
his mother home in the middle of the afternoon is still
something of a novelty.
“It’s great to
have her here,” he said.
Olivia said
spending time with her mother is important, and she loves her
mother’s company.
“It’s really
nice,” she said.
Allocca
maintains contact with her employees through daily phone
conferences.
She credits her
success to her ability to “constantly evolve, adapt and be
willing to take risks,” to have the “courage” to try new things
but “to admit my mistakes.”
For more information about EDC, visit www.edc.us.
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