Wipro invests $30mn for a minority stake in US based Opera Solutions

Posted By: Religare
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Wipro Ltd. is investing USD 30 million for a minority stake, as opposed to a complete buyout, in Opera Solutions, a New Jersey headquartered big data analytics firm.

Speaking on t he development, K.R Sanjiv, Senior Vice President and Global Head, Analytics and Information Management, Wipro said, "This strategic partnership combines Opera Solutions' machine learning expertise, pre-discovered predictive signals and algorithms with Wipro's proven domain and technology expertise."

Opera CEO Arnab Gupta termed the Wipro partnership as a great fit between the ability to deliver end-to-end services and its ability to scale and industrialise big data science.

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