Cyient Buys Majority Stake in Invati Insights

Indian firm Cyient, which offers engineering, network and operations solutions, is to acquire a majority stake in data sciences firm Invati Insights, for an undisclosed sum.

Invati has bases in the US and India, and develops analytics solutions to help drive business innovation. The firm's services include machine data monitoring, segmentation, customer intelligence, and supply chain visualisation.

The acquisition of Invati will expand Cyient's existing data analytics capabilities and offerings across the aerospace, utilities, communications, transportation, energy, and oil and gas sectors. The new entity will be renamed Cyient Insights.

NJ Joseph (pictured), SVP & Head of Strategy & Planning at Cyient, comments: 'Invati's data sciences credentials and analytics solution frameworks align very well with the expectations of our markets and customers. I am excited about the shared focus, objectives and vision for data analytics that underpin Cyient Insights and look forward to working with CEO Sesha Modukuru and his team to achieve them.'

Web sites: www.cyient.com and www.invati-insights.com .