Opera Solutions, LLC, a New York-based developer and provider of machine learning science and advanced Big Data predictive analytics solutions, received an $84m minority equity investment.
The company intends to use the proceeds from the investment to accelerate growth and cement Opera’s position as a leader in the sector.
Founded in 2004 by Chief Executive Officer Arnab Gupta, Opera Solutions creates and provides hosted delivery of a suite of analytics solutions to companies in financial services, government, healthcare, and other sectors. Its solutions, which are powered by its Big Data analytics and signals processing platform, named Vektor™, are focused on specific business and functional problems such as fraud, risk management, marketing effectiveness, agent performance improvement, portfolio valuation, spend optimization, etc.
The company has 600 employees and offices in New York, Jersey City, Boston, San Diego, London, Paris,New Delhi, and Shanghai.
Morgan Stanley & Co. Incorporated acted as exclusive financial advisor to Opera in this transaction.