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Opera Solutions, not to be confused with browser maker Opera Software, has raised a whopping $84 million in its very first round of outside equity funding. According to the Wall Street Journal, the round values the company at half a billion dollars.
The company, which is in the business of ‘Big Data’ analytics, got a capital injection from Silver Lake Sumeru, with participation from Accel-KKR, Invus Financial Advisors, JGE Capital Management, and Tola Capital.
Arnab Gupta, founder and CEO of Opera Solutions, explains why investors lined up to back them:
Opera Solutions creates and provides hosted delivery of a suite of analytics solutions to companies in financial services, government, healthcare, and other sectors.
Founded in 2004, the company has 600 employees and offices in North America, Europe, and Asia.