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Data analytics company Cyient acquires data sciences firm Invati Insights

cyient-logoHyderabad-based information technology company Cyient Limited has acquired a majority stake in data sciences firm Invati Insights Pvt Ltd, the company informed BSE. Following the acquisition, Invati Insights will be renamed to Cyient Insights, although other terms of the deal were not disclosed.

Invati Insights used to offer M2M analytics, plant operations data, warranty/quality analytics among other things, with a focus on the manufacturing, energy, oil & gas, healthcare, logistics and financial industry segments.

Post acquisition Cyient Insights will focus on creating an integrated consulting, solutions and systems integration portfolio for the utilities, aerospace, transportation, oil & gas, energy and communication industries. It will focus on analytics related to engineering, networks and operations across these verticals. The acquisition will essentially let Cyient leverage Invati’s data sciences approach to refine its own analytics offerings.

Cyient currently offers data transformation and analytics in three key industries: transport & navigation, content & geospatial providers and energy & natural resources. The company also undertakes product and process engineering projects for industries with a fixed price, revenue and risk sharing business model. It also offers network and operations management for electric and gas distribution utilities.

Other developments in the data analytics space

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-Mumbai-based data analysis firm Peel-Works had secured $2 million in a round of funding from IDG Ventures India and Inventus Capital Partners in July this year.

-Decision sciences and analytics firm Mu Sigma had acquired Singapore-based media analytics firm Webfluenz for an undisclosed amount, also in July.

-Big data analytics firm Fix Stream had raised $10 million post acquisition of 75% of its stake by Tech Mahindra Ltd in April this year.

-Another Mumbai-based big data analytics firm Germin8 had raised $3 million in a series A round of funding from Kalaari Capital in March this year.

Indix, a big data company operating from Chennai and Seattle, had raised $8.5 million in a round of funding led by Avalon Ventures and Nexus Venture Partners also in March.

– In December last year, Bangalore-based big data firm Spire Technologies raised $8 million in a series A funding round from unnamed investors.

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