Wipro invests additional $8.2 million in Opera Solutions

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. Reuters file photo

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.

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