Deepak Khosla and his wife, Joan, acquired a two-bedroom, one-bath home at 863 W. 42nd St. in Oak Forest/Garden Oaks from Facundo Homes Builders Inc. on Nov. 16.

The 1,480-square-foot home in theGarden Oaks subdivision was built in 1940 and is valued at $252,386.

Mr. Khosla is the founder of X-ISS, an information technology management company based in Houston. He most recently was the president and co-founder of NetPartners. Prior to that, he held a variety of positions in management and technical positions at Paranet and also served as a product manager for Landmark Graphics.

He holds an M.S. in electrical engineering from the University of Houston.

Ms. Khosla is also an owner of X-ISS.

She attended Creighton University.

According to BlockShopper.com, there have been 708 home sales in Oak Forest/Garden Oaks during the past 12 months.

Address: 863 West 42nd Street
Buyer(s): Deepak Khosla (and others) and Joan Khosla (and others)
Seller(s): Facundo Homes Builders Inc
Sale date: Nov. 16, 2010