Wipro invests $30 million in US data firm
Bangalore: IT bellwether Wipro invested USD 30 million (Rs.162 crore) for a strategic equity stake in Opera Solutions LLC, a leading privately held US-based big data science firm.
"This strategic partnership with Opera will help us extend leadership in the big data analytics space, combining its machine learning expertise, pre-discovered predictive signals and algorithms with our expertise in global delivery model to create industry-specific solutions," Wipro vice-president K.R. Sanjiv said in a statement here.
The Jersey City-headquartered Opera has the largest group of scientists, specialised in machine learning, which is applied to generate big data flows and create predictive patterns or signals.
"Though big data is a huge opportunity for business value creation, many enterprises do not have the technology or science to access its power," Sanjiv observed.
Opera provides capabilities to allow organisations turn raw big data into strategic advantage, profit and productivity.
"Opera's domain expertise will enable our customers to maximise their return on investment of big data analytics implementation through faster adoption," said Sanjiv, who heads Wipro's analytics and information management business.
Opera also offers a range of solutions which turn the signals into prescriptive action and improve front-line productivity and bottom-line growth.
"We see a great fit between Wipro's ability to deliver end-to-end services and our ability to scale and industrialise big data science.The partnership will also enable us to capitalise on the huge demand for big data science solutions," Opera chief executive Arnab Gupta said in the statement.
Wipro works with customers to develop end-to-end analytics and information strategy leveraging process assets and solutions based on analytics, business intelligence, enterprise performance management and information management.