New York, NY, September 14, 2011 - Opera Solutions, LLC , a global leader in applying machine learning science and advanced Big Data predictive analytics to drive superior profit and performance for its customers, today announced its first outside equity funding, an $84 million minority investment led by Silver Lake Sumeru, with participation from AccelEKKR, Invus Financial Advisors, JGE Capital Management, and Tola Capital. The equity financing is one of the largest ever for a private company in the Big Data predictive analytics space, and will be used to accelerate growth and cement Opera's position as a leader in the sector.
"We are delighted that such a distinguished group of investors shares our optimism and confidence in Opera's strategic approach and our capabilities," said Arnab Gupta, Chief Executive Officer and Founder of Opera Solutions. "Opera's core value lies in turning Big Data into Small Data - that is, using advanced machine intelligence to extract valuable signals and patterns from massive data flows and turn them into a stream of analytically enriched guidance brought to the front lines of our customers' businesses."
Opera creates and provides hosted delivery of a suite of analytics solutions to marketEleading companies in financial services, government, healthcare, and other sectors. Its solutions are powered by its Big Data analytics and signals processing platform, named Vektor™. Founded in 2004, the company has 600 employees and offices in North America, Europe, and Asia.