Hyderabad, 21st August 2014 – Cyient Limited (Cyient) announced today that it has signed a definitive agreement to acquire 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.
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. 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.
“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.
About Cyient Limited
Cyient Limited is an engineering, network and operations solutions company headquartered in Hyderabad, India. More than 12,500 associates across 38 global locations apply expertise in industries including aerospace, consumer, energy, medical, oil and gas, mining, heavy equipment, semiconductor, rail transportation, utilities and communications. By collaborating closely with clients to anticipate needs and solve complex problems, Cyient has developed long-term partnerships with companies around the world. This enables the company to do more and reach further, resulting in a better tomorrow.