Wipro picks up $30million stake in OperaSolutions LLC

IT bellwether Wipro Tuesday invested
$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.