Wipro Ltd, one of India’s leading software services providers, has entered into an agreement with Opera Solutions LLC, a New Jersey-based Big Data analytics firm under which it will invest $30 million in the latter to acquire a minority stake.
In April 2012, Wipro had acquired Australia-based Promax Application Group for A$35 million (about $36.5 million, or Rs 192 crore).
Wipro said that this will help it extend our leadership in the Big Data analytics space while Opera sees this as an opportunity to to capitalise on the huge demand for Big Data science solutions
“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 & technology expertise and global delivery model to create industry-specific Big Data analytics solutions. It also enables our customers to maximise the ROI of Big Data analytics implementation through faster adoption,” said KR Sanjiv, Wipro’s senior VP and global head (analytics) and information manager.
“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,” said Arnab Gupta, Opera’s chief executive.
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