Azim Premji-promoted Wipro Limited has entered into a Series G preferred unit purchase agreement to increase its investments in Opera Solutions LLC by $ 8.2 million.
The company informed the exchanges on Wednesday that the Series G was made on October 8, 2014. Wipro had earlier acquired a minority stake in Opera for $30 million in May last year.
Founded in 2004, Opera Solutions is a technology company which uses advanced techniques to extract value from Big Data siloes. With approximately 200 scientists among its 700 employees, Opera has offices in North America, Europe and Asia.
(Published 22 October 2014, 15:34 IST)
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