Wipro makes minority investment in Opera Solutions


Bangalore: Wipro has announced that it has signed an agreement to enter into a strategic partnership and take a minority position in Opera Solutions, LLC, a leading global Big Data science company. Wipro will invest USD 30 Million in the company, which is privately held and headquartered in Jersey City, NJ.

Big Data represents an unprecedented opportunity for business value creation but many enterprises do not have the right technology or the science to access its power. Opera Solutions supplies these critical capabilities in a form that allows organizations to rapidly turn raw Big Data into strategic advantage, profit, and productivity.

Opera Solutions has one of private industry’s largest groups of scientists specializing in machine learning. The company applies its machine learning science to the world’s Big Data flows to extract predictive patterns, or Signals. It offers a range of solutions, delivered as a service, that turn these Signals into prescriptive ‘best actions’ that significantly improve front-line productivity and bottom-line growth. Its solutions include its Consumer Signal Hub™ and related Signal Apps for marketers and SignalSensor™, which extracts threat and other sentiment from the world’s flow of open source online data, as well as other solutions for financial services, capital markets, procurement professionals, and the healthcare industry.

“This strategic partnership with Opera Solutions will help us further extend our leadership in the Big Data analytics space, as it combines Opera Solutions’ machine learning expertise, pre-discovered predictive Signals and algorithms with Wipro’s proven domain and technology expertise combined with Global Delivery Model to create industry-specific Big Data analytics solutions. It also enables our customers to maximize the ROI of Big Data analytics implementation through faster adoption,” said K R Sanjiv, Sr VP & Global Head, Analytics & Information Management, Wipro.

Arnab Gupta, CEO of Opera Solutions said, “We are delighted to be entering into a strategic partnership with Wipro, which is the partner of choice for global businesses seeking to leverage information as a strategic asset to improve business outcomes and win in the marketplace. Both Wipro and we see a great fit between Wipro’s ability to deliver end-to-end services and Opera Solutions’ ability to scale and industrialize Big Data science.”

Kerala IT News


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