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April 26, 2017

Par Chadha Grows SourceHOV to Record Numbers

With over 40 years of experience in entrepreneurship and building businesses from the ground up, Parvinder "Par" Chadha has become a leader in the technology industry and global service enterprises, most recently expanding into the fields of networking and big data mining. He also has expertise in mergers, acquisitions, and public offerings.

Mr. Chadha currently serves as the Chief Executive Officer and Chief Investment Officer of HandsOn Global Management (HGM), a company he founded in 2001 with his wife, Sharon Chadha, and co-founder Dr. Xin Cheng. HGM is a private equity fund that has acquired a portfolio of diversified businesses, mainly technology-enabled service companies. As CEO, Mr. Chadha leads a team that boasts more than 350 years of combined operational, transactional, entrepreneurial, legal, financial, and advisory experience, across a variety of industries.

Mr. Chadha also serves as the Chairman of SourceHOV, a global leader in Transaction Processing Services (TPS) and Enterprise Information Management (EIM) that has 16,000 employees and 120 offices located throughout the Americas, Europe, and APAC. SourceHOV provides services and solutions for blue-chip companies in more than 50 countries, including partnerships with half of the Fortune® 100.

Along with his wife, Mr. Chadha also owns big data mining and automation platform Rule 14, LLC, a conglomerate of engineers, computer scientists, mathematicians, data scientists, and linguists devoted to building systems that make global big data automation possible, both technically and economically, for a wide variety of enterprises.

Mr. Chadha brings a wealth of experience to his current business ventures, with 40 years of entrepreneurship and building businesses. His journey began in 1981 with Osicom Technologies, Inc., a company he co-founded with his wife. Mr. Chadha served as Chairman and CEO of Osicom Technologies, an innovative leader in the growth of server-based networking technologies, among other things. Osicom Technologies went public in 1987, and throughout the 1990s, worked to acquire 14 additional companies in the tech sector.

These acquisitions proved to be a catalyst for the formation of three major companies: Entrada Network, Inc., a local area, wide area, and storage area networking company; Netsilicon, Inc., an innovator in networking systems on silicon; and Sorrento Networks, Inc., a leader in metro optical networking.

Building on the success of Osicom Technologies, Mr. Chadha was able to start HGM with his wife and co-founder Dr. Xin Cheng. HGM and SourceHOV have both proven hugely successful under the leadership of Mr. Chadha, and continue to grow and innovate within the technologies industry, providing scalable technology platforms, services, and solutions to industries as varied as healthcare, financial services, insurance, legal, public sector, and other commercial industries.

Mr. Chadha not only bring decades of expertise in entrepreneurship and M&A to his professional undertakings, but he harbors a strong dedication to finding, acquiring, and combining businesses with strong fundamentals and significant performance improvement potential. Through insightful acquisition, cooperative growth and development, and global vision, Par Chadha has driven advancement within technology industries and provided services and solutions for high-volume, mission-critical organizations.

Mr. Chadha received a Bachelor of Science degree from Punjab Engineering College (PEC University of Technology) located in Chandigarh, India. He also completed graduate-level coursework in computer science at the Illinois Institute of Technology.

The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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