Hyderabad-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.
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