Portland-based serial Tech-Entrepreneur, Nitin Khanna, has invested US$ 5 million in a Punjab based startup iSoS Inc, an investee company which is developing productivity enhancement solutions like smart attendance, real-time tracking and monitoring, inventory management, cashless transactions, security management etc. The startup was also awarded as “Innovative Idea of the Year” by Tiecon Chandigarh 2017.
Founded in 2016 and based out of Mohali, Punjab, iSOS stands for Integrated Smart Office Solution which offers Smart Office software solutions such as – Beacon, Smart attendance, inventory management, Real Time Monitoring, and Live tracking.
Nitin Khanna, who is also the CEO of MergerTech an M&A firm based out of Oregon, Portland said, “Indian start-up eco-system has gotten the attention of the world. The best part about India is that tech entrepreneurship is abounding in Tier 2 cities as well from where some very brilliant ideas and services have made successes as startups. With productivity being the key for most companies, Isos serves an essential need and we see growth in this segment.” “After working as an investment banker overseas, I have come across many potential start-ups around the globe, but the zeal and commitment showcased by the Indian entrepreneurs, hailing from small towns is amazing. Today, investors are much more willing to invest in start-up, but the problem is identifying the right start-up to invest and scale it has been the area of my expertise”, Khanna added.
He was the co-founder, Chairman and CEO of Saber Corp., one of the largest providers of state government solutions in the United States. He co-founded Saber in July 1998 and helped grow it to 1200 employees and over $120MM in revenue by 2007 when it was sold to EDS for $460MM.
Under Nitin Khanna’s leadership, MergerTech recently facilitated the sale of Simple; an Internet banking start-up based in Portland, Oregon, to BBVA, a Spanish bank. The latter paid over $115 million for Simple, which attracted a buyer on the strength of its personal finance services accessible through its customers’ smart phones. The deal represents the largest sale of a Portland venture in the last several years.
MergerTech is a global M&A advisory firm that works with technology entrepreneurs to maximize their outcome by finding the ideal financial or strategic acquirer. As the dominant firm in this space, MergerTech provides one service—passionate sell-side representation of technology clients who expect a sale price of $10MM-$200MM for their company.