Cyient Ltd, formerly known as Infotech Enterprises, said has agreed to a majority stake in Invati Insights Private Limited (Invati), a start-up data sciences company. The new entity is proposed to be renamed Cyient Insights to better reflect brand and market aspirations, the Mumbai-based company said.
Invati will strengthen Cyient’s data analytics capabilities and offerings across a set of chosen industry verticals that continue to demonstrate strong appetite and spend in this area, the IT services provider said.
“Invati’s well-established data sciences approach will help Cyient Insights provide robust analytics frameworks and solutions with a strong focus on the “Internet of Things” and advanced analytics. The blend of Invati’s data sciences core competence and Cyient’s domain expertise creates an integrated consulting, solutions and systems integration portfolio for a number of industries including aerospace, utilities, communications, transportation, energy, and oil and gas. Cyient Insights will focus on analytics aligned to engineering, networks and operations across these verticals.”
Analytics and big data is among the fastest growing sectors in information technology and Indian service providers like Cyient are trying to boost their offerings in this area through strategic acquisitions meant to boost their technical expertise.
“Invati’s data sciences credentials and analytics solution frameworks align very well with the expectations of our markets and customers,” said N J Joseph, Senior Vice President & Head of Strategy & Planning, Cyient Limited. “I am excited about the shared focus, objectives and vision for data analytics that underpin Cyient Insights and look forward to working with Sesha and his team to achieve them.”
“We are at an intersection where engineering and data sciences collide to create innovation,” said Sesha Modukuru, CEO Invati Insights Private Limited. “Today more and more executives are depending on advanced analytics for relevant, trustworthy and actionable insights. We are very excited to partner with Cyient to provide these unique value-added services to our esteemed customers.”
Cyient is an acknowledged leader in the delivery of design engineering services, network engineering and operational support services, as well as data transformation services for customers worldwide. To enhance its data analytics offerings and value proposition for these customers, Cyient is pleased to announce the formation of Cyient Insights through the acquisition of a majority stake in Invati Insights.