Opera Solutions

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Opera Solutions, LLC
FounderArnab Gupta
HeadquartersNew York/New Jersey United States
Area served
Key people
  • Edward Scott (CEO)
Number of employees
400+ (2018)

Opera Solutions, LLC is a technology and analytics company mainly focused on big data.[1] The firm uses a combination of machine learning science, advanced predictive analytics, technology, large-scale data management, and human expertise.[2][3] Opera Solutions delivers predictive analytics as a service, and offers hosted, cloud-based systems for specific business problems, e.g., predicting the behavior of individual consumers, stopping revenue leakage in hospitals, warning of threats to corporate security or brand health, etc. The company also works with some large clients for highly customized systems.[2]


Established in 2004 by Arnab Gupta,[4][5] Opera is headquartered in the New York/New Jersey metro area with offices in Jersey City, London, Boston, San Diego, Shanghai, New Delhi, and Köflach. In January, 2012, the company was valued around $500 million.[6]


On September 14, 2011, Opera announced $84 million in investment.[7][8] The round was led by Silver Lake Sumeru, with participation from Accel-KKR, Invus Financial Advisors, JGE Capital Management, and Tola Capital.[9] In May 2013, Indian outsourcing-service company, Wipro Ltd., agreed to acquire a minority stake in Opera for $30 million.[10]. In October 2014, Wipro Ltd. invested an additional $8.2 million in Opera Solutions as part of Opera's Series G financing.[11] In September 2016, Opera Solutions closed on a term loan financing agreement of $70 million. [12]


Porto Seguro's Safe Driver Prediction Competition[edit]

In 2018, Opera Solutions won the Porto Seguro Safe Driver Prediction Competition, hosted by Kaggle.[13][14] The competition challenged contestants to build a model that predicts the probability that a driver will initiate an auto insurance claim in the next year. Kaggle reports 5,169 teams entered, with 5,797 data scientists competing. Michael Jahrer, Opera Solutions' vice president of applied machine learning, was the sole competitor from the Opera Solutions team. The seven-day contest ended November 29, 2017, and winners were confirmed in early 2018.

Netflix Prize[edit]

In 2009 Opera participated in the Netflix Prize, a three-year-long analytics competition sponsored by the U.S. online movie rental company Netflix.[15] Opera was part of "The Ensemble", a three-team consortium that finished second, with model performance tied with the winner. The contest attracted 41,000 teams from 186 countries.[16]

KDD Cup[edit]

In 2012 Opera entered the KDD Cup, a well known data-mining competition that attracts industry leaders around the world.[17] Competing against 170 teams, Team Opera Solutions won second place in the Track 2 contest.[18]

Heritage Health Prize[edit]

In 2013 Opera participated in the Heritage Health Prize Competition, a two-year national contest to create breakthrough techniques to improve America’s health care system.[19] Team Opera Solutions was ranked top 5 five out of 1659 participants,[20] but were subsequently disqualified and removed from the leaderboard.

Industry Recognition[edit]

Gartner, Inc. recognized Opera Solutions in their Cool Vendors in Analytics, 2013 Report.[21] IDG’s Computerworld Honors Program recognized Opera Solutions Government Services (OSGS) as one of its 2013 Laureates.[22] ESG Global named Opera Solutions as a finalist for Big Data Vendor of the Year for 2012.[23] Opera Solutions was also recognized as a top 100 Big Data social media influencer by Big Data Republic.[24]

Big Data Discourse Series[edit]

In April 2011, Opera Solutions began what it calls the "Big Data Discourse Series," a series of discussion events with private sector and government leaders focused on the societal and business impact of Big Data.[25] To date, the series has featured Newark, New Jersey Mayor Cory Booker[26][27] and Michael Chertoff,[28][29] the former head of the United States Department of Homeland Security under George W. Bush, as keynote speakers.


Opera Solutions was criticised by Ben Goldacre in a Guardian article[30] regarding the 2011 Opera Solutions UK White Paper, "Realising Savings Through Procurement Optimisation",[31][32] which stated that local government is missing the opportunity to save 10–20 per cent on procurement spending because of a lack of spending visibility and insight. Goldacre criticised Opera's report as "astonishing, shameless bait and switch", saying "these figures are all presented out of nowhere". The criticism was in response to the promotion of Opera's white paper by UK Communities and Local Government Secretary Eric Pickles MP,[33][34][35][36] as well as the frequent citation of the study in British popular press.[37][38]

See also[edit]


  1. ^ "Maximizing Return from Data". Bloomberg Businessweek. September 29, 2009. Retrieved August 6, 2010.
  2. ^ a b Menninger, David (August 23, 2011). "Opera Solutions Adds Science to Predictive Analytics". Information Management. Retrieved September 1, 2011.
  3. ^ "What We Can Learn from Netflix". Bloomberg Businessweek. September 29, 2009. Retrieved August 6, 2010.
  4. ^ "Big Data Analytics Company Opera Solutions Raises $84M in First-Round Funding". TechCrunch. September 14, 2011. Retrieved October 28, 2011.
  5. ^ Lopez, Isacc. "Big Data Big Five". Datanami.
  6. ^ Berman, Dennis (January 4, 2012). "So, What's Your Algorithm?". WSJ.
  7. ^ "Data Analytics firm Opera Solutions closes $84M round". VentureBeat. September 14, 2011. Retrieved October 28, 2011.
  8. ^ "'Big Data' Firm Raises $84 Million". The Wall Street Journal. September 14, 2011. Retrieved October 28, 2011.
  9. ^ "Opera Solutions nabs $84M for 'Big Data' Analytics". CNET. September 14, 2011. Retrieved October 28, 2011.
  10. ^ Thoppil, Dhanya (May 7, 2013). "Wipro to Buy Stake in U.S. Data-Services Firm". WSJ.
  11. ^ "Wipro investing $8.2M more in Big Data firm Opera Solutions; Q2 PAT up 8%". VCCircle. October 22, 2014. Retrieved October 27, 2018.
  12. ^ "Opera Solutions Closes $70 Million Financing". PR Newswire. September 26, 2016. Retrieved October 27, 2018.
  13. ^ "Porto Seguro's Safe Driver Prediction | Kaggle". www.kaggle.com. Retrieved 2018-07-10.
  14. ^ "Opera Solutions Wins Safe Driver Prediction Competition | Opera Solutions". www.operasolutions.com. Retrieved 2018-07-10.
  15. ^ Van Buskirk, Eliot (August 12, 2009). "Netflix Prize: It Ain't Over 'til It's Over". Wired. Retrieved August 6, 2010.
  16. ^ Taylor, Marisa (September 21, 2009). "Winning Netflix Team Draws From AT&T, Yahoo". The Wall Street Journal. Retrieved August 6, 2010.
  17. ^ "KDD Cup 2012, Track 1". KDD Cup.
  18. ^ "Leaderboard 2012". KDD Cup.
  19. ^ "Heritage Provider Network Health Prize". Heritage Health.
  20. ^ "Public Leaderboard". Heritage Health.
  21. ^ Herschel, Gareth. "Cool Vendors in Analytics". Gartner.
  22. ^ "The Computerworld Honors Program Names 267 Laureates Using IT to Drive Business and Social Change". IDG Enterprise.
  23. ^ "Ingest to Insight Big Data Vendor of the Year 2012 and 2013 Outlook: Finalists – Cloudera, IBM Opera Solutions". ESG Global.
  24. ^ Sherry, Saul. "The PeerIndex #BigData100 Announced!".
  25. ^ "Opera Solutions and Newark Mayor Cory Booker Host Discussion on the Promise of Technology and Open Data in Government". Reuters. April 8, 2011. Retrieved September 1, 2011.
  26. ^ Sun, Feifei (April 6, 2011). "5 Questions with Twitter-Savvy Newark Mayor Cory Booker". TIME. Retrieved September 1, 2011.
  27. ^ Reagan, Gillian (April 6, 2011). "Cory Booker pitches Newark as a 'startup' to New York tech scene". Capital New York. Retrieved September 1, 2011.
  28. ^ Valentino-DeVries, Jennifer (June 23, 2011). "Chertoff: 'Rules and Regulations' Complicate Anti-Cybercrime Efforts". Wall Street Journal. Retrieved September 1, 2011.
  29. ^ Goldman, David (July 28, 2011). "China vs. U.S.: The cyber Cold War is raging". CNNMoney. Retrieved September 1, 2011.
  30. ^ Misleading money-saving claims help no one in The Guardian, Friday 24 June 2011.
  31. ^ "Realising Savings Through Procurement Optimisation" (PDF). www.OperaSolutions.com. June 16, 2011. Archived from the original (PDF) on September 11, 2011. Retrieved June 25, 2011.
  32. ^ "Realising Savings Through Procurement Optimisation" (PDF). www.badscience.net. June 16, 2011. Retrieved November 29, 2012.
  33. ^ "Better buying 'could save councils £10bn'". www.Public Finance.co.uk. June 17, 2011. Retrieved June 26, 2011.
  34. ^ "Shining a light on council spending could save up to £450 per household". www.Communities.gov.uk. June 17, 2011. Retrieved June 26, 2011.
  35. ^ "Pickles: councils should join forces to save £10bn". www.LocalGov.co.uk. June 17, 2011. Retrieved June 26, 2011.
  36. ^ "Eric Pickles MP: Smarter procurement in local government could save up to £450 per household". Conservative Home. June 17, 2011. Retrieved June 26, 2011.
  37. ^ "Council incompetence 'costs every household £452 a year". Daily Mail. June 17, 2011. Retrieved June 26, 2011.
  38. ^ "Councils Owe You a 450 Pound Rebate". Daily Express. June 17, 2011. Retrieved June 26, 2011.

External links[edit]