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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.
Inbound Acquisitions
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Nielsen buys data analytics firm Indicus
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.
Firstsource buys stake in analytics newbie Nanobi
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.
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Loyalty management firm Aimia to buy stake in Fractal Analytics
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.
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US-based Brillio acquires Indian data analytics start-up Marketelligent
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.
Pegasystems buys Bangalore analytics startup MeshLabs
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.
Outbound Acquisitions
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Tech Mahindra acquires US analytics startup FixStream
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.
Bangalore-based startup Mu Sigma acquires Singapore’s Webfluenz
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.
Startup Funding
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DataRPM secures $5.1M in Series A led by InterWest Partners
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.
Big Data Startup Frrole Raises $245K Angel Round
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.
Indus Insights gets funds from Unilazer Ventures, Hive India
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.
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Qubole raises $13 million from Norwest Venture Partners
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.
Big Data startup Aureus Analytics raises $850K in angel funding
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 raises Rs 45-cr Series B funding from Orios Venture Partners
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.
Other News
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Business analytics firm Tableau Software launches in India
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.
iCreate Software To Be Now Known As Fintellix Solutions
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’.
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Infosys, Stanford team up for research in data science, analytics
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.
The post The Biggest Analytics News Stories in 2014 appeared first on Analytics India Magazine.