Bangalore, India and Jersey City, NJ, USA - May 7, 2013:
Wipro Limited (NYSE:WIT) today announced that it has signed an agreement to enter into a strategic partnership and take a minority position in Opera Solutions, LLC, a leading global Big Data science company. Wipro will invest USD 30 Million in the company, which is privately held and headquartered in Jersey City, NJ.
Big Data represents an unprecedented opportunity for business value creation but many enterprises do not have the right technology or the science to access its power. Opera Solutions supplies these critical capabilities in a form that allows organizations to rapidly turn raw Big Data into strategic advantage, profit, and productivity.
Opera Solutions has one of private industry's largest groups of scientists specializing in machine learning. The company applies its machine learning science to the world's Big Data flows to extract predictive patterns, or Signals. It offers a range of solutions, delivered as a service, that turn these Signals into prescriptive "best actions" that significantly improve front-line productivity and bottom-line growth. Its solutions include its Consumer Signal Hub™ and related Signal Apps for marketers and SignalSensor™, which extracts threat and other sentiment from the world's flow of open source online data, as well as other solutions for financial services, capital markets, procurement professionals, and the healthcare industry.
"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 and technology expertise combined with Global Delivery Model to create industry-specific Big Data analytics solutions. It also enables our customers to maximize the ROI of Big Data analytics implementation through faster adoption," said K.R Sanjiv, Senior Vice President and Global Head, Analytics and Information Management, Wipro.
Arnab Gupta, Chief Executive Officer of Opera Solutions said, "We are delighted to be entering into a strategic partnership with Wipro, which is the partner of choice for global businesses seeking to leverage information as a strategic asset to improve business outcomes and win in the marketplace. Both Wipro and we see a great fit between Wipro's ability to deliver end-to-end services and Opera Solutions' ability to scale and industrialize Big Data science. And by partnering with a global organization with a broad, blue-chip client roster, we greatly enhance our ability to capitalize on the exploding demand for Big Data science solutions."
Wipro is a leading provider of analytics and information management solutions- enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management. 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.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360-degree view of "Business through Technology;" helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability; Wipro has over 140,000 employees and clients across 54 countries. For more information, please visit www.wipro.com.
About Opera Solutions
Opera Solutions (www.operasolutions.com); (@OperaSolutions), provides Big Data predictive and prescriptive analytics, delivered as an ongoing service, to businesses and government globally. With approximately 200 machine learning scientists among its 700 employees, Opera Solutions is a global leader in using advanced techniques to extract value from Big Data. Its solutions, software, and services combine science with technology and domain expertise, providing new, Big-Data-fueled pathways to profit and productivity. Opera Solutions is headquartered in Jersey City, NJ, with other offices in North America, Europe, and Asia.
Media Contact
Vipin Nair
Wipro Limited
Phone: 91-80-39916190
vipin.nair1@wipro.com
Investors Contact
Aravind Viswanathan
Wipro Limited
Phone: + 91-80-39916143
aravind.viswanathan@wipro.com
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