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Wipro Pumps $30 Million Into Opera Solutions

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Indian IT heavyweight Wipro has invested $30 million in New Jersey-based predictive analytics specialist Opera Solutions. It’s unclear what this values Opera at, but Wipro’s investment is a minority stake.

Opera’s offerings include its cloud-based Signal Hub range. Signals are predictive patterns and anomalies in big data sets. Signal Hubs are domain-specific collections of Signals along with the technology required to continually extract, store, refresh, and present selected Signals and recommended best actions. Signal Hub employs machine learning to glean and drive insight. It ingests data from both inside and outside the enterprise, extracts the Signals, executes predictive models, and provides secure real-time access to all the resulting Signals.

In particular, Opera has introduced its Global Markets Signal Hub, which provides market direction, portfolio risk and valuation, and client-specific investment recommendations. It also offers Mobiuss for mortgage backed securities portfolio management and trading.

Within its architecture, Opera has developed the Vektor component for ingesting and analysing big data flows. Based in part on DataRush technology developed by Pervasive Software and recently acquired by Actian, Vektor was built to work with HPCC Systems’ data platform and with Hadoop, and also integrates with SAP’s HANA in-memory database and Oracle’s Big Data Appliance and Exalytics offerings.

Wipro – an IT development, consulting and outsourcing company with more than 140,000 employees globally – will work with Opera to create industry-specific big data analytics solutions, says K.R. Sanjiv, senior vice president and global head, analytics and information management at Wipro.

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