NeenOpal, based in Bengaluru, India, currently has U.S. operations in New York and Atlanta.
Choose New Jersey officials said NeenOpal’s expansion into New Jersey stems from VentureLink@NJIT’s partnership with the National Association of Software and Services Companies, the premier trade body and chamber of commerce for the tech industry in India.
VentureLink@NJIT is New Jersey’s largest startup incubator, providing programming, workspace, and expert mentorship to resident companies.
NeenOpal officials said they view New Jersey as an ideal location to reach their target customer base and ultimately made the decision to open an office in Newark because of the city’s strategic location and highly skilled talent pool.
“New Jersey is rapidly becoming a global life sciences and data analytics hub,” NeenOpal CEO Himanshu Bahmani said. “Expanding our footprint to New Jersey was a win-win for us from a location, talent and industry perspective. We look forward to calling New Jersey home and growing our business here to reach even more customers.”
NeenOpal first met the Choose New Jersey team at a July 2019 NASSCOM/New Jersey partnership event in New Brunswick. Planning to develop core expertise in the areas of business intelligence, data engineering and machine learning in their new Newark office space, NeenOpal aims to create additional jobs over the next four years, officials said.
Simon Nynens, CEO of New Jersey Innovation Institute at NJIT, said he’s thrilled to add another company to the area.
“It is critical to continue to build partnerships with entrepreneurs of all kinds, small or large, and New Jersey has recognized and addressed this need,” he said. “As the largest business incubator in the state, VentureLink@NJIT has had the opportunity to host a number of international companies looking to do business in New Jersey, and we have succeeded in facilitating real growth thanks in large part to our partnership with NASSCOM and Choose New Jersey.”
Choose New Jersey CEO Jose Lozano said the move is proof that the organization’s work with NASSCOM and VentureLink@NJIT is helping to attract new companies to the state.
“We are excited about our ongoing efforts to bring more Indian companies like NeenOpal to our state,” he said. “New Jersey is home to a diverse, highly educated workforce and a robust innovation ecosystem, making it a perfect place for NeenOpal to expand its U.S. footprint.
“Innovation is in our DNA, and we are confident that with NASSCOM as our partner, we will continue to see investment from Indian technology companies in New Jersey. We look forward to helping NeenOpal grow and thrive here.”