Nitin Khanna had a lot of experience under his belt by the time he founded Saber Corp., and it showed in how fast the Portland-based organization grew. The company quickly received contracts with several state governments to provide a few essential services; voter registration and unemployment registration being chief among them. See more here https://www.crunchbase.com/person/nitin-khanna
The exact services may have varied slightly from state to state but also included vehicle registration and driver registration. In 2007, Saber Corp. was purchased by EDS for $420 million. Following HP’s purchase of EDS, Saber Corp. was absorbed into that company too. Nitin Khanna didn’t stay too long after that, however; he left Saber Corp. a year after it was folded into HP and struck out on his own alongside his brother. But, what has Nitin Khanna been doing since he left Saber?
In short, Mr. Khanna has been doing an awful lot. Not long after leaving, he founded MergerTech with his brother. The business is focused on helping start-ups and small businesses through an acquisition of less than $100 million. It also invests in some start-ups around the United States. Nitin Khanna serves as the CEO and is based out of Portland while his brother Karan serves as COO out of their California offices. To date the brothers have been extremely successful with MergerTech, helping dozens of businesses through the acquisition and sales process.
Nitin Khanna has also noted that there’s very little competition in the niche, as international investment banks deem the industry too small to pursue. This has left the market wide open for MergerTech. Throughout the last few years, the company has invested in some unique companies. One of the more recent of these is iSos Inc, a software company that creates integrated smart office solutions. Nitin Khanna’s MergerTech recently invested $5 million into the company; their software helps improve communication and efficiency in businesses.
This is what got MergerTech interested in the company, as Nitin Khanna believes that iSos Inc. is serving a growing need in the market. Because of that, MergerTech is expecting high returns for the company in the future.
Connect with Nitin https://www.facebook.com/nitinkhanna