April 19, 2012 – Advanced analytics provider Opera Solutions on Friday revealed two acquisitions of specialty analytics software and service providers.

Opera announced the joint acquisition of BIQ, an OLAP and spend analysis software provider, and Lexington Analytics, which distributes BIQ offerings and provides data procurement services.

Arnab Gupta, CEO at Opera, said in a news release that software capabilities and service offerings from both providers would go toward building the next wave of its data procurement products, as well as new ad hoc analysis tools for big data. In particular, Gupta said that the two Massachusetts-based providers would enhance Opera’s offerings to monitor purchasing behavior, compliance and spending “from an ever-increasing stream of enterprise data.” 

Opera employs one of the largest teams of data scientists in the information management marketplace and has positioned its recent releases to address big data needs in terms of vertical specifications and as-a-service offerings, according to analysts from Ventana Research. Specialty use of analytics for increasing big data needs have been cited in other acquisitions in the last month by EMC and IBM, as well.

Financial terms were not disclosed in either deal. Opera stated in a news release it plans “no changes” to staffs at either firm, and will give expanded roles to BIQ President and CEO Eric Strovink and Lexington CEO Bernard Gunther.

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