Posted to News on 27th Aug 2014, 13:44
Cyient acquires majority stake in Invati Insights
Cyient Limited has signed a definitive agreement to acquire a majority stake in Invati Insights Private Limited, a start-up data sciences company. The new entity is proposed to be renamed Cyient Insights to better reflect brand and market aspirations.
Invati will strengthen Cyient's data analytics capabilities and offerings across a set of chosen industry verticals that continue to demonstrate strong appetite and spend in this area. Invati's well-established data sciences approach will help Cyient Insights provide robust analytics frameworks and systems with a strong focus on the "Internet of Things" and advanced analytics. The blend of Invati's data sciences core competence and Cyient's domain expertise creates an integrated consulting and systems integration portfolio for a number of industries including aerospace, utilities, communications, transportation, energy, and oil and gas. Cyient Insights will focus on analytics aligned to engineering, networks and operations across these verticals.
N J Joseph, Senior Vice President & Head of Strategy & Planning, Cyient Limited, says: "Invati's data sciences credentials and analytics solution frameworks align very well with the expectations of our markets and customers. I am excited about the shared focus, objectives and vision for data analytics that underpin Cyient Insights and look forward to working with Sesha and his team to achieve them."
Sesha Modukuru, CEO Invati Insights Private Limited, says: "We are at an intersection where engineering and data sciences collide to create innovation. Today more and more executives are depending on advanced analytics for relevant, trustworthy and actionable insights. We are very excited to partner with Cyient to provide these unique value-added services to our esteemed customers."
To learn more about Cyient Insights please visit www.cyient.com.
