Cyient, formerly known as Infotech Enterprises, is buying majority stake in Invati Insights Private Ltd (Invati), a data sciences start-up firm. Terms of the deal were not disclosed.
Cyient develops and maintains software applications for industries such as aerospace and retail , while Invati provides data analytics across industries. The acquired entity will be renamed as Cyient Insights.
“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 company said in a statement. Cyient Insights will focus on analytics aligned to engineering, networks and operations across these verticals, it added.
“We are at an intersection where engineering and data sciences collide to create innovation,” Mr. Sesha Modukuru, CEO, Invati Insights Private Limited, said. “Today more and more executives are depending on advanced analytics for relevant, trustworthy and actionable insights.”
