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|Headquarters||New York/New Jersey United States|
Number of employees
Opera Solutions, LLC is a technology and analytics company mainly focused on big data. The firm uses a combination of machine learning science, advanced predictive analytics, technology, large-scale data management, and human expertise., 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.
Established in 2004 by Arnab Gupta, 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.
On September 14, 2011, Opera announced $84 million in investment. The round was led by Silver Lake Sumeru, with participation from Accel-KKR, Invus Financial Advisors, JGE Capital Management, and Tola Capital. In May 2013, Indian outsourcing-service company, Wipro Ltd., agreed to acquire a minority stake in Opera for $30 million.. In October 2014, Wipro Ltd. invested an additional $8.2 million in Opera Solutions as part of Opera's Series G financing. In September 2016, Opera Solutions closed on a term loan financing agreement of $70 million. 
Porto Seguro's Safe Driver Prediction Competition
In 2018, Opera Solutions won the Porto Seguro Safe Driver Prediction Competition, hosted by Kaggle. 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.
In 2009 Opera participated in the Netflix Prize, a three-year-long analytics competition sponsored by the U.S. online movie rental company Netflix. 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.
In 2012 Opera entered the KDD Cup, a well known data-mining competition that attracts industry leaders around the world. Competing against 170 teams, Team Opera Solutions won second place in the Track 2 contest.
Heritage Health Prize
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. Team Opera Solutions was ranked top 5 five out of 1659 participants, but were subsequently disqualified and removed from the leaderboard.
Gartner, Inc. recognized Opera Solutions in their Cool Vendors in Analytics, 2013 Report. IDG’s Computerworld Honors Program recognized Opera Solutions Government Services (OSGS) as one of its 2013 Laureates. ESG Global named Opera Solutions as a finalist for Big Data Vendor of the Year for 2012. Opera Solutions was also recognized as a top 100 Big Data social media influencer by Big Data Republic.
Big Data Discourse Series
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. To date, the series has featured Newark, New Jersey Mayor Cory Booker and Michael Chertoff, 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 regarding the 2011 Opera Solutions UK White Paper, "Realising Savings Through Procurement Optimisation", 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, as well as the frequent citation of the study in British popular press.
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- "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.
- Sun, Feifei (April 6, 2011). "5 Questions with Twitter-Savvy Newark Mayor Cory Booker". TIME. Retrieved September 1, 2011.
- Reagan, Gillian (April 6, 2011). "Cory Booker pitches Newark as a 'startup' to New York tech scene". Capital New York. Retrieved September 1, 2011.
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- "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.
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- "Better buying 'could save councils £10bn'". www.Public Finance.co.uk. June 17, 2011. Retrieved June 26, 2011.
- "Shining a light on council spending could save up to £450 per household". www.Communities.gov.uk. June 17, 2011. Retrieved June 26, 2011.
- "Pickles: councils should join forces to save £10bn". www.LocalGov.co.uk. June 17, 2011. Retrieved June 26, 2011.
- "Eric Pickles MP: Smarter procurement in local government could save up to £450 per household". Conservative Home. June 17, 2011. Retrieved June 26, 2011.
- "Council incompetence 'costs every household £452 a year". Daily Mail. June 17, 2011. Retrieved June 26, 2011.
- "Councils Owe You a 450 Pound Rebate". Daily Express. June 17, 2011. Retrieved June 26, 2011.