MergerTech CEO Nitin Khanna The Silicon Forest had hardly any big exits within the last decade, but one of these was Saber Corp., a Portland company that contracted with condition governments to supply various services, including vehicle sign up, driver’s licenses, voter sign up and unemployment registration.
EDS paid $420 million to get Saber in 2007, that was then absorbed into HP when that organization bought EDS. Saber co-founders Nitin Khanna and Karan Khanna remaining Saber the next year “to pursue various other entrepreneurial opportunities.”
So some tips about what they’re doing.
The brothers now run a California-based investment bank called MergerTech, catering to startups and smaller businesses seeking to sell their companies for under $100 million. Karan Khanna is usually MergerTech’s C0O, working right now from California. Nitin Khanna is definitely CEO, remaining in Portland to be near to family members. I met him for espresso to listen to how his experience owning a software business segued into creating a distinct segment I-bank. “It looks quite not the same as the outside,” Nitin Khanna stated, “but I’m a sales and strategy man.” Essentially, he sees a considerable market for his solutions, but a distinct segment too small for big expense banks to focus on. “At the sub $100 million levels, there is no threat,” he said. Read more here https://yourstory.com/mystory/48e163e5d2-nitin-khanna-an-nri-who-made-it-big-in-portland-oregon
The essential plan is this: Startups need an investment banker to facilitate sales or new investment. MergerTech seeks three types of clients.
Distressed businesses that want to sell in a rush to salvage investors’ equity.
Growing companies seeking to get new investment.
Mature startups seeking to exit.
To tap those markets, MergerTech is drafting a network of experts around the globe to greatly help match buyers and retailers. It’s also compiling a study database on small businesses with help from business college students around the spot. And MergerTech hopes to improve its own private collateral fund for when it discovers an organization it wants an possession stake in.
Connect with Nitin here.