Encounter with Mr. Nitin Khanna on Entrepreneurial Tips and Secrets to Business Success

Born in 1971 in Himachal Pradesh, India, Nitin Khanna pursued his primary education in India before moving to the US at the age of 17 where he pursued his Undergraduate and Master’s degree in Industrial Engineering at Purdue University. Mr. Khanna is also the founder and CEO of MergerTech in 2009, an entrepreneur-based company in Portland whose mission is to enable small and medium-sized technology-based companies to achieve value in business through sales and partnerships with best financial buyers. Prior to founding MergerTech, Mr. Khanna co-founded Saber Corporations in 1998, a well-known provider of standalone services to the US government with a success of $ 120MM in revenue which he later sold. He also serves as a President at Maxonic, partner at Hoist Fund LLC and a member of the boards of Vendscreen, Freewire Broadband and advisor to several other companies.

In a recent interview, Mr. Khanna attributed to have developed his passion as an entrepreneur since childhood, having brought up in an entrepreneur-based family and his interaction with several business enterprises. He attributes the idea of founding MergerTech in 2009 to have come from his tremendous success while running Saber Corp.

Mr . Khanna shared his entrepreneurial motivation to success to planning ahead of time which includes developing a to-do list as it makes a person more productive. He went on to give his secrets of bringing ideas to life which include nurturing idea on a long term growth without giving up. He also acknowledge the emerging trends in the social media and its impacts in business including the use of global communications to mentor and sourcing skilled personnel.

He also emphasized on time management as a factor in business considering prioritization of yielding and constructive ideas rather than spending much time on unproductive ideas. Mr. Khanna disclosed on the best habits of a good entrepreneur is exploring different aspects and markets to establish a niche. He also recommended readers interested in developing management philosophy to consider reading Influence by Robert Cialdini and Winning by Jack Welch.

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HGGC Takes a Controlling Share at IDERA

Private equity company HGGC recently agreed to own significant controlling shares in Idera Inc., a leading provider of management tools for business. The tech-based private equity company joins Idera’s CEO Mr. Randy Jacops and the firm’s TA Associates as investors. As private-public equity markets continue to reward consolidation companies in the software industry, HGGC CEO Richard Lawson states that the business will garner more investments in the future.
Public equity markets have been rewarding consolidated companies in the software sector. Idera Inc. has made over 2- add-on acquisitions in the last decade. Therefore, Richard Lawson of HGGC expects the company to delve into more businesses in the future. Headquartered in Houston and with main offices in Austria and the United Kingdom, Idera Inc. provides database management software for Linux servers. The private equity firm remains disciplined in its acquisitions even as it acquires major controlling stakes in a company. As reiterated by Rich Lawson, the firm never buys one hundred percent of the shares of a company. The addition of Idera Inc. brings HGGC LLC a huge consolidator.
Idera Inc. is known for developing software that makes it possible for database professionals to create, monitor, and evaluate various data systems while building application development tools to assist software engineers test and utilize applications faster. Idera’s customers span multiple sectors such as education, energy, financial, and healthcare. Some of the institutions that employ its products include The University of Notre Dame, Saint Francis Health Services, as well as Microsoft.
TA Associates was established in 1968. The private equity company is situated in Boston and targets technology, healthcare, financial services, and consumer sectors. Recently, it purchased MRI, a real estate tech firm. TA Associates has a business relationship with HGGC LLC.
HGGC boasts of being a leading private equity company based in Palo Alto, California. It has over $4.3 billion in capital commitments. The company was established as Huntsman Gay Global Capital in 2007. Currently, it is led by Greg Benson alongside Steve Young. Young is a skilled investment expert who has been chairing the firm’s decision-making process. He also serves as a managing director at Idera Inc.
https://www.marketwatch.com/press-release/colin-phinisey-joins-hggc-to-lead-capital-markets-efforts-and-christopher-guinn-joins-as-executive-director-2018-10-01

Stream Energy cares for the society

Stream Energy has a proven record of accomplishment of its philanthropy to the community. It has established an aid branch to cater for the needy people, team cares. The department works hand in hand with the Stream Energy to leverage aid to their customers.

An excellent example of what Stream Energy can do is the new aid to the Hurricane Harvey victims. The hurricane hit the Houston and its neighborhood up to 56 inches of rain. The companies in the region watched helplessly until when Stream Energy came in to help. They flood had swept away the homes, pets, and properties of the residents.

Stream Energy energy supplies energy to all the areas in Texas. It makes a lot of profit from this power supply. The company came in handy to help these victims by funding all their primary needs through their stream cases. They collaborated with a hope supply company. Stream Energy has made philanthropy to be part of its DNA. It strives to give back to the society especially in its areas of operations.

This Dallas-based company has had a long relationship with humanitarian organizations like the Red Cross, Habitat for Humanity. It employees leadership towards grassroots giving. Like the case of the Hurricane Harvey, Stream gave up to $19 millions for both Americans and international aid.

Other humanitarian endeavors

It collaborated with the Hope Supply Co to offer special meals for over 1000 homeless children in Texas. The two organized an event that brought many homeless children to a local park. They also donated money and other supplies to these children. In addition to this event, hope supply provides clothing, school supply, and diapers to these children or a regular basis. Stream has worked with hope supply for about four years.

They also came into help the tornado victims on the days after Christmas. The company and its employees sprung into assistance. They collaborated with the Salvation Army to raised thousands of dollars to help the victims.

Stream also entertained the veteran soldiers. It gave them money, transported them for a special lunch. This was to appreciate them in kind. They, later on, co-hosted the daughters of the military members and gave those awards and unique meal. This is the core value of this company.

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