Wipro acquires minority stake in Opera Solutions

Wipro acquires minority stake in Opera SolutionsIndia’s third-largest information technology services company, Wipro has said that it is acquiring a minority stake in privately held US-based big data science firm called, Opera Solutions LLC in a deal valued at $30 million or Rs. 162 crore.

Wipro vice-president K. R. Sanjiv said in a statement that, “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.”

Opera, which is based in Jersey City, employs the largest group of scientists specialising in machine learning, which is used to generate big data flows and create predictive patterns or signals. The company allows entrepreneurs to convert raw big data into strategic advantage, profit and productivity.

Wipro said that big data is a large opportunity for business value creation and most business lack technology or science to access big data. With the acquisition, the company is likely o expand its presence in a relatively new field in the US market. Sanjiv said that the Opera's domain expertise will allow Wipro’s clients to increase their return on investment of big data analytics implementation through faster adoption.