Bangalore-based offshore services major, Wipro, has spent $30m to buy a minority stake in New Jersey headquartered 'Big Data' analytics firm, Opera Solutions. A recent report from community website Wikibon set Opera's revenues last year at $118m.
The deal makes sense if Wipro can make it work. Wipro has been more tentative than some India-based peers on the acquisition front and not all of its earlier deals were covered in glory. But more recent acquisitions seem better thought out, such as that a year ago of Sydney-based trade promotion planning analytics software firm, Promax Applications Group (see here).
The sums involved – and therefore the risk – are small, and just as well, as new technologies surrounding Big Data (and in truth, the current opportunity) are still in their infancy. But this is the time to step onto the bandwagon.