commendo - An Opera Solutions Company
Opera Solutions Adds Leading Recommender Engine Capabilities with the Acquisition of Commendo Research & Consulting
Press release — Opera Solutions, LLC, www.operasolutions.com
, a global leader in machine learning science and advanced Big Data analytics, today announced the acquisition of Commendo Research & Consulting GmbH, adding leading recommender engine capabilities to Opera Solutions’ advanced data analytics solutions.
Commendo, headquartered in Köflach, Austria, serves companies around the world with both its Recommendo recommendation engine and custom recommendation systems. It uses sophisticated analytics to serve up the “next purchase” offer for shoppers on the basis of their individual characteristics and shopping patterns.
The two companies first recognized their complementary technology and skills in 2009 while competing in the Netflix Prize, a global competition seeking to double the performance of the movie rental company’s recommendation programs. Commendo was a member of the consortium that ultimately won the $1MM grand prize, besting over 41,000 teams. Opera Solutions participated in another top-ranked group.
“We are dedicated to delivering cutting edge technologies and solutions that leverage Big Data analytics to drive enhanced profits and productivity for our clients,” said Arnab Gupta, CEO and founder of Opera Solutions. “Integrating Commendo’s advanced recommender engine with our existing offerings creates new ways for our clients to grow sales while improving customer loyalty and satisfaction.”
Georg Preßler, Managing Director, Marketing & Sales of Commendo, added, “As a science-driven company, we are delighted to join Opera Solutions. They are a true global center of machine learning prowess, and we look forward to learning from them as well as adding to their store of knowledge and expertise in recommendation systems.”
About Opera Solutions:
Opera Solutions is a premier Big Data predictive analytics companies, with 650 professionals in 8 offices worldwide. Boasting 220+ scientists from more than 20 disciplines, the company is an internationally recognized leader in machine learning. Opera Solution specializes in creating Signal Hubs, which provide a new enterprise-wide capability to dynamically and continually extract valuable predictive and descriptive information from Big Data flows. The company also creates and provides hosted delivery of applications built on Signal Hubs that deliver enhanced profits and front-line productivity. Opera Solutions serves leading organizations in Financial Services, Healthcare, Government, Supply Chain, Marketing and other selected sectors.