Wipro invests $30 mn in big data company

By : |May 9, 2013 0

BANGALORE, INDIA: Wipro Limited has entered into a partnership and taken a minority position in Opera Solutions, LLC, a global big data science company. Wipro will invest $30 million in the company, which is privately held and headquartered in Jersey City, NJ.

“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, senior vice president and global head, Analytics and Information Management, Wipro.

Opera Solutions has a large group 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 improve front-line productivity and bottom-line growth, says a release.

Its solutions include 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, adds the release.

Arnab Gupta, chief executive officer of Opera Solutions said, “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. And 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.”

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