A veteran entrepreneur/investor and a prolific inventor have gotten together to launch an “innovation-focused” venture that provides intellectual property management and technology services.
Frisco-based TruGen is being launched by John Thakkar—the founder and former CEO of Illinois-based Nexgen Wireless—and Sreekar Marupaduga, who holds more than 375 approved patents.
Their new company offers a wide range of services including intellectual property generation and management, cloud-based solutions, cybersecurity, and technology services.
The founders say that TruGen’s “deep domain expertise” coupled with its focus on innovation and talent integration will help people and organizations gain insights that will “transform their work, perspective, and the world.” The new startup says it’s offering services in the fintech, health technology, aerospace, and energy sectors with a global reach.
Thakkar has lived in Frisco since 2014 and brings over two decades of experience in leading and scaling tech companies to TruGen. He said that under his leadership, Nexgen Wireless experienced more than a 50% compound annual growth rate and earned recognition as an Inc. 5000 company for five consecutive years.
The founder said he’s returning to his roots as an investor and entrepreneur with the launch of TruGen, calling the startup “exceptionally well-positioned to capitalize on today’s transition to the technologies we are focused on.”
Aiming to push boundaries and ‘change the game’
Marupaduga says TruGen “is dedicated to bringing innovative solutions to the forefront of the technology industry.”
The co-founder said his patent contributions span across a diverse range of technologies, including wireless communications and the internet of things. He’s a senior member of the IEEE Communication Society.
“By continuously integrating new and dynamic ideas with exceptional talent, we strive to create technologies that not only change the game but also set new standards for our respective industries,” Marupaduga said in the statement. “Our commitment to challenge the status quo and drive transformational change is at the forefront of everything we do, and we’re excited to continue to push the boundaries of what’s possible in our field.”
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