Wipro buys $30M minority stake in big data firm Opera Solutions

Summary:The Indian outsourcing giant has acquired a minority stake in American big data analytics firm Opera Solutions, which could signal more similar investments by rivals hoping to tap the market.

Wipro has spent US$30 million acquiring a minority stake in American big data analytics firm Opera Solutions.

In a statement Tuesday, K.R Sanjiv, the Indian outsourcer's senior vice president of analytics and information management, said the investment and strategic partnership allows Wipro to create industry-specific big data analytics solutions.

wipro-logo
"It also enables our customers to maximize the ROI of big data analytics implementation through faster adoption," Sanjiv said.
 
Opera Solutions has one of private industry's largest groups of scientists specializing in machine learning, according to Wipro.
 
"The company applies its machine learning science to the world's big data flows to extract predictive patterns, or signals," added Wipro in its statement. These "signals" are used to recommend business actions for companies operating in financial services, procurement professionals, and healthcare.
 
Indian outsourcers could make similar investments in the future, Forrester India VP Manish Bahl told ZDNet. He explained they could boost services revenues by grabbing a slice of the growing big data pie.
 
A recent Forrester survey in Q4 2012 found that 35 percent of Asia-Pacific organizations were considering b ig data solutions, he said.
 
 

Topics: Big Data, India, Outsourcing

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Mahesh Sharma earned his pen licence in his homeland, where he covered the technology industry for ZDNet, SMH, Sky Business News, and The Australian--first as an FTE, and later as a freelancer. The latter fueled his passion for startups and empowered a unique perspective on entrepreneurs' passion to solve problems using technology. Armed... Full Bio

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