May 15, 2013 | by Luisa Beltran
Enlightenment Capital has invested in Opera Solutions. Financial terms were not announced. Jersey City, N.J.-based Opera Solutions is a Big Data analytics firm. Other Opera investors Silver Lake Sumeru, Wipro Limited, Accel-KKR, Invus Financial Advisors, JGE Capital Management and Tola Capital.
Enlightenment Capital, an aerospace, defense & government-focused investment firm based in the Washington, DC area, has made an investment in Opera Solutions, LLC, a global leader in applying machine learning science and advanced Big Data predictive analytics to drive superior profit, performance, and decision-making for large enterprise and government customers. Enlightenment will be a strategic partner going forward, in support of Opera Solutions Government Services. Financial terms of the transaction were not disclosed.
"We are thrilled to be able to partner with Opera Solutions. The company sits at the forefront of the rapidly growing Big Data analytics market, and enables institutions – in both the private and public sector – to translate massive amounts of disparate data into actionable intelligence," said Devin Talbott, Managing Partner of Enlightenment Capital.
"We believe that Big Data has tremendous potential to drive productivity gains in the public sector and serve as an increasingly critical tool in our national security arsenal. As an industry leader in predictive analytics, Opera Solutions has an incredible opportunity to support vital government services and the national security community, and we are excited at the prospect of helping in the execution of its growth strategy," added Pierre Chao, Managing Partner of Enlightenment Capital.
Privately held Opera Solutions has attracted one of the industry's largest groups of scientists specializing in machine learning, a critical discipline for extracting predictive patterns, or "Signals," from very large data flows. The company deploys its science and technology in a range of "as a service" solutions for enterprises, government, global markets, healthcare, and other sectors.
Solutions and services for the government sector include SignalSensor™, which extracts threat and sentiment Signals from the world's flow of open source online data. The company is also a specialist in fraud detection, and in November, 2012, it was selected by the Centers for Medicare & Medicaid Services (CMS) to provide the advanced analytics to enhance operational controls and prevent fraud in federally funded Health Insurance Exchange Operations ("HIX").
"We are delighted that Enlightenment Capital has made this investment," said Arnab Gupta, Chief Executive Officer and Founder, Opera Solutions. "We are also looking forward to building a strategic partnership with them that leverages our core capabilities to use machine learning to extract valuable signals and patterns from massive data flows in support of both commercial and government entities."
Enlightenment joins an existing investor base of leading technology investors and strategic investors supporting the company, including Silver Lake Sumeru, Wipro Limited, Accel-KKR, Invus Financial Advisors, JGE Capital Management, and Tola Capital.
Opera Solutions (www.operasolutions.com); (@OperaSolutions), provides Big Data predictive and prescriptive analytics, delivered as an ongoing service, to businesses and government globally. With approximately 200 machine learning scientists among its 700 employees, Opera Solutions is a global leader in using advanced techniques to extract value from Big Data. Its solutions, software, and services combine science with technology and domain expertise, providing new, Big-Data-fueled pathways to profit and productivity. Opera Solutions is headquartered in Jersey City, NJ, with other offices in North America, Europe, and Asia. For more information, contact email@example.com, or call 1-855-OPERA-22.
Enlightenment Capital, a Washington, DC area based private investment firm, provides senior debt, mezzanine debt, and minority equity to small and mid-sized companies in the Aerospace, Defense & Government (ADG) sector. The firm partners with management teams, equity sponsors, and those businesses that provide vital services, protect critical infrastructure, innovate aerospace solutions, safeguard national security, and endeavor to meet the challenges of today and tomorrow. More information is available at www.enlightencap.com.