Signalcentral_banner_160517_v2.png

Opera Solutions Acquires Procurement Analytics Tools and Services from BIQ and Lexington Analytics

Posted by Todd Higginson on Thu, Apr 19, 2012

JERSEY CITY, N.J., Apr. 19, 2012 — Opera Solutions, LLC (www.operasolutions.com), a global leader in machine-learning science and advanced Big Data analytics, today disclosed the joint acquisition of BIQ, a specialist in OLAP analysis software and spend analysis, and Lexington Analytics, a leading distributor of BIQ and provider of analytic services to procurement professionals.

In combination, the software tools from BIQ, based in Southborough, MA. and the services marketed by Lexington Analytics of Lexington, MA. are designed to help organizations to not only achieve savings on current spending, but also to monitor purchasing behavior for compliance to the invoice level and beyond.

"The acquisition of BIQ and Lexington Analytics is consistent with our commitment to help Opera's clients extract and use productivity and profit-enhancing intelligence from the ever-increasing stream of enterprise data," said Arnab Gupta, chief executive of Opera Solutions. "It allows us to bring together complementary capabilities across Opera, Lexington, and BIQ to not only build the next generation of focused procurement analysis products, but also to use BIQ technology to create powerful tools for ad hoc analysis of enterprise Big Data."

Opera is making no changes to BIQ and Lexington staffing.  Leaders of the two firms — Eric Strovink (BIQ) and Bernard Gunther(Lexington Analytics) — are taking expanded roles within Opera, and Opera personnel will augment the entities' current development and services teams.

"By becoming part of Opera, both BIQ and Lexington Analytics will gain capital and expertise to develop products enriched with predictive models and other advanced analytics," said Eric Strovink of BIQ.

Bernard Gunther of Lexington Analytics said his clients gain many benefits from the sale of the company. "While they have come to know us as a trusted partner in spend analysis, now, as part of Opera Solutions, we are more closely linked to the future direction of the BIQ software and can apply our ideas and our analysis strategies to solve a much larger portfolio of their problems."

Topics: Arnab Gupta, Press Releases, Supply Chain & Operations