Brillio Expands Advanced Analytics Capabilities with Acquisition of Marketelligent
Acquisition Underscores Increased Company Momentum to Drive Business Transformation as Key Strategic Growth Area in 2015
San Jose, CA – October 29, 2014 – Brillio today announced that it has acquired Marketelligent, an advanced analytics solutions provider. Marketelligent’s solutions range from data visualization and reporting to advanced predictive analytics for global clients including technology companies and leading Fortune 500 companies.
With this acquisition, privately-held Brillio will integrate Marketelligent’s 100 employees into Brillio’s Analytics Practice to deliver sophisticated analysis and detailed interpretation of data to improve business performance across consumer-focused industries including Banking, CPG, Retail, Telecom, Energy and Media.
“We are proud to announce our acquisition of Marketelligent, an industry leader in advanced analytics,” said Raj Mamodia, CEO, Brillio. “Today, companies are faced with substantial challenges as it relates to data. First, the unprecedented growth in useful data combined with the need for integrated software and the technology platforms to make sense of the data is in itself overwhelming. Additionally, there is a significant shortage of skills – both in business and IT – with the expertise required to frame the right questions and find the most relevant answers from the data. And finally, there are cross-functional concerns between IT and business which creates a significant delay in the availability of actionable insights. With Marketelligent onboard, Brillio will address these challenges holistically by offering a combination of services and IP, both on the business and IT side, to drive competitive advantage for our clients.”
“The Brillio and Marketelligent portfolio of solutions will facilitate the elevation of predictive analytics to new levels, creating a stronger platform designed to deliver innovation and business growth,” stated Roy Cherian, co-founder and CEO, Marketelligent. “We are pleased that in addition to our deep advanced analytics services enabled by business sense, we will be able to offer to our customers Brillio’s digital transformation capabilities in areas such as digital consulting, big data and cloud.”
“Analytics has traditionally existed in silos across business functions; however its true power can only be realized if it is integrated into platforms that will allow for ubiquitous decisioning. Brillio provides us the capability to create such platforms via its current and future investments,” said Anunay Gupta, co-founder and COO, Marketelligent.
“Business intelligence, analytics and data integration services are at the forefront of financial institution IT spending priority lists,” said CEB TowerGroup senior research director Craig Focardi. “As companies experience exponential growth in data volumes, they are relying more on external IT services and consulting firms to integrate disparate data sources and apply analytics to create actionable insights more quickly. Specifically, financial services institutions should tie together data, analytics and reporting to support product-specific growth initiatives and maximize profit opportunities across the enterprise.”
About Brillio Brillio, a global technology consulting, software, and business solutions company, enables the successful transformation of businesses facing significant disruption fueled by technology and cultural change. The company utilizes emerging technologies to create new customer experiences, achieve cost efficiencies, and gain competitive advantage. This, along with its key technology partnerships and investments in areas such as analytics, security, cloud, mobile, and machine learning, delivers innovative processes and solutions that result in significant market impact. Brillio brings business expertise to clients in the Banking and Finance, Utilities, CPG, Retail, Technology, Media and Entertainment industries.
About Marketelligent Marketelligent is a leader in Advanced Analytics and helps businesses make the leap from basic reporting to predictive analysis. The firm is backed by senior professionals with rich experience across Consumer focused industries – Banking, CPG, Retail, Telecom, Energy and Media. Marketelligent offers an affordable global delivery model leveraging the best of domain expertise and analytic capabilities. For more information, please visit www.marketelligent.com