India-based global management consulting firm NeenOpal is putting down roots in Newark with an expansion of its operations into the Garden State.
The company, which has a specialized focus on data science, made the announcement on July 14. It currently has U.S. operations in New York and Atlanta.
NeenOpal’s expansion into New Jersey stems the partnership between New Jersey’s largest startup incubator VentureLink@NJIT and the National Association of Software and Services Companies, which is the trade body and chamber of commerce for the Indian tech industry. The VentureLink/NASSC collaboration has facilitated interactions between business and higher education in New Jersey, leading to major IT sector victories for the state, according to Choose New Jersey.
“This news is proof that our work with NASSCOM and VentureLink@NJIT is helping to attract new companies to New Jersey, and we are excited about our ongoing efforts to bring more Indian companies like NeenOpal to our state,” said Jose Lozano, president and chief executive officer of Choose New Jersey. “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.”
“New Jersey is rapidly becoming a global life sciences and data analytics hub,” said Himanshu Bahmani, CEO of NeenOpal, in a prepared statement. “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.”
New Jersey’s workforce on average is better educated than the nation as a whole, with 40% holding a bachelor’s degree compared to the national average of 32%. New Jersey is also home to the largest concentration of scientists and engineers per square mile in the U.S. and has the fourth-highest share of STEM graduates in the country.
NeenOpal first met the Choose New Jersey team two years ago at an event in New Brunswick. Moving forward in Newark, NeenOpal aims to create additional jobs over the next four years.
“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,” said Simon Nynens, CEO of New Jersey Innovation Institute, in a prepared statement. “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.”