Opera Solutions Closes Million Financing

JERSEY CITY, N.J., Sept. 26, 2016 /PRNewswire/ — Opera Solutions, LLC, a global leader in applied Big Data analytics and artificial intelligence (AI), has announced that it has closed on a term loan financing agreement of $70 million. The company will apply a portion of the proceeds to repay existing debt, with the remainder used to support the company’s growth. “This financing further strengthens our balance sheet at an attractive cost of capital,” said Arnab Gupta, CEO and founder of Opera Solutions. “It also demonstrates investors’ confidence in Opera Solutions’ ability to continue its momentum in the fast-growing Big Data and AI marketplace.” Opera Solutions provides software, science, and services that help companies scale their analytics across the enterprise and achieve profits and growth…


Link to Full Article: Opera Solutions Closes Million Financing