Wipro to Invest $30 mn for Minority Stake in US Based Big Data Co


Wipro to Invest $30 mn for Minority Stake in US Based Big Data Co

India’s third largest IT services company Wipro is investing $30 million in Opera Solutions LLC, a big data company based in New Jersey.

Wipro will own a minority stake in the company, a company statement said.

Opera Solutions has one of private industry’s largest group of scientists specializing in machine learning, the statement added.

Gartner Hype Cycle Big Data
Gartner Hype Cycle for Big Data

Opera Solutioins has built platforms that extract threat and other sentiment from open source online data, as well as other solutions for financial services, capital markets, procurement professionals, and the healthcare industry.

Opera Solutions is backed by private equity players such as Silver Lake Sumeru, Accel-KKR, JGE Capital, Tola Capital and New York based Invus. The company raised $84 million in September 2011 from the investors.

Wipro launches Virtualization Solution

Wipro has also launched VirtualDesk, a packaged desktop virtualization solution. The solution, developed by Wipro, can be used to provision secure, provision and share applications and data for a mobile workforce, the company said.

The hardware-software platform features an app store, catalog, and menu driven administration to selectively provision required applications and desktops.

The cloud based solution is available on premise as well as on an off-site private cloud, Wipro said.

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