Wipro set to announce analytics buy

MUMBAI: The country's third largest software exporter, Wipro, is expected to announce an acquisition in the analytics space later today, said sources with knowledge of the transaction. Analytics is tipped to be one of the fastest growing segments in IT with the large amount of data being generated from social media and other platforms.

Analytics could potentially help companies take more insightful decisions and generate more bang for the buck. Last December, General Atlantic, one of the first private equity firms to catch on to the offshore boom, invested in MuSigma, a seven-year-old analytics firm.

The deal, which raised $ 108 million in for MuSigma, is the largest in a PE deal so far in a business analytics firm.