Cyient Limited, a Hyderabad-based IT and engineering services company, has signed a definitive agreement to acquire a majority stake in Invati Insights Private Limited (Invati), a start-up data sciences company, for an undisclosed sum. The new entity is proposed to be renamed Cyient Insights.
Invati will strengthen Cyient's data analytics capabilities and offerings across a set of chosen industry verticals that continue to demonstrate strong appetite and spend in this area. 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.
Cyient Insights will focus on analytics aligned to engineering, networks and operations across these verticals, a release stated.
