It’s been a banner year for analytics in India, with big-name data science companies funded or acquired, to Indian companies investing in analytics companies abroad.
In the final days of 2014, take a look back at the year's biggest news stories through the lens of Analytics India Magazine. Tell us what we missed in the comments section.
Global information and insights provider, Nielsen, in September announced it has acquired data analytics firm Indicus Analytics for an undisclosed sum. This is Nielsen India’s first acquisition in India.
Sanjiv Goenka-led BPM player Firstsource Solutions picked up a strategic minority stake in Bangalore-based Nanobi Data and Analytics, reflecting the growing appetite among Indian IT and BPM (business process management) companies for local startups offering differentiated propositions in the technology space.
Fractal Analytics, the country’s second-largest pure-play analytics provider, has caught the eye of the world’s largest loyalty management firm, Aimia, which invested an undisclosed sum for a single-digit stake in the firm as part of a strategic deal.
As per the arrangement, Fractal will help Aimia leverage its repository of customer data, and the two will also go to market jointly and build intellectual property in the area of customer analytics.
US-based technology consultant and software developer Brillio acquired data analytics startup Marketelligent. Raj Mamodia, chief executive at Brillio, confirmed the deal, but declined to reveal the purchase price.
In May, Nasdaq-listed Pegasystems acquired text mining and analytics software startup MeshLabs to bolster its social media solutions to clients. Billionaire tech entrepreneur and former chess champion Alan Trefler led software company Pegasystems will integrate MeshLabs’s text analytics software to gather unstructured social media data and decode it into actionable business insights for its clients.
Tech Mahindra, the IT outsourcing business of the $16.2-billion Mahindra Group, acquired US-based big data analytics startup FixStream Network for around Rs 60 crore. Tech Mahindra will acquire 75% stake in the one-year-old company which counts large technology companies Cisco Systems, CenturyLink, and DirecTV among its early stage customers.
Startup posterboy Mu Sigma made its first acquisition by buying Singapore-based social media analytics company Webfluenz. The Bangalore company, which is valued at $1 billion and counts Microsoft, Pfizer and Dell among its clients, will integrate Webfluenz’s technology to create products to mine real-time intelligence from huge chunks of data.
DataRPM, a Big Data analytics startup selling business intelligence software, secured $5.1 million in a Series A round of funding from US-based investor InterWest Partners with participation of existing investor CIT Gap Funds. Ruban Phukan, co-founder and chief product officer of DataRPM, said the deal is for a minority stake without disclosing the valuation.
Frrole, a big data startup that specializes in Twitter-based analytics, has raised $245K in Angel funding from investors including Sharad Sharma (former head of Yahoo! R&D centre in india), Google’s India MD Rajan Anandan and Eka Software founder Manav Garg.
Gurgaon-based Big Data firm Indus Insights raised an undisclosed amount in its Series A round of funding led by Ronnie Screwvala’s Unilazer Ventures. Hive India, the Big Data startup fund launched by Patni siblings—Amit and Arihant Patni also co-invested in the round.
Data-as-a-service provider Qubole secured $13 million in a series B financing led by Norwest Venture Partners. This brings the total investment in the company to $20 million. Earlier in 2013, Qubole had got funding from Light Speed Ventures, Charles River Ventures, Anand Rajaraman, and Venky Harinarayan.
Singapore- and India-based Big Data firm Aureus Analytics raised its first round of funding of US$850,000. The funding round was led by Steven Sule, Partner, Naste Advisors. It also saw participation from marquee angel investors such as Rajan Anandan, MD, Google India; Arihant Patni, Co-founder, Hive Data; and Arun Venkatachalam of Murugappa Group.
Sapience Analytics in October announced that it closed a Series B investment of Rs 45 crore raised from Orios Venture Partners. The company has previously received funding from Indian Angel Network and Seed Enterprises.
Tableau Software, a global leader in rapid-fire, easy-to-use business analytics software, announced its launch in India. The company also announced that Deepak Ghodke will be heading up its India presence, including driving the sales growth and ensuring the success of customers. Tableau’s India debut comes as the result of a sizeable domestic opportunity.
Banking Compliance, Risk and Analytics Solutions pioneer iCreate Software has announced a change in its brand name. The new brand name will be ‘Fintellix Solutions’.
Infosys Ltd, India’s second-largest software services provider, in October said it has partnered with Stanford University’s Institute for Computational and Mathematical Engineering (ICME) to research on industry issues using data science and analytics.