Wipro Buys $30m Stake in Big Data Firm Opera

IT outsourcing firm Wipro has bought a $30m minority stake in big data science and predictive analytics specialist Opera Solutions.

Established in 2004, Jersey City-based Opera has offices across North America, Europe and Asia and employs around 230 machine learning scientists among its 700 staff. The firm uses a combination of analytics, technology and human expertise to service clients across a number of sectors including financial services, consumer goods, retail, manufacturing and government.

Solutions include the Consumer Signal Hub, which integrates massive amounts of data from inside and outside an enterprise, applying advanced models to uncover patterns and behavior over time and across many different channels.

The deal brings the Opera's expertise in machine learning, pre-discovered predictive signals and algorithms together with Wipro's domain and technology expertise and global delivery model, and will result in the creation of industry-specific big data analytics solutions.

Opera Solutions' founder and CEO Arnab Gupta (pictured) comments: 'We see a great fit between Wipro's ability to deliver end-to-end services and our ability to scale and industrialize big data science. By partnering with a global organization with a broad, blue-chip client roster, we greatly enhance our ability to capitalize on the exploding demand for big data science solutions.'

Web sites: www.wipro.com and www.operasolutions.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.