Caralta Corporation acquires India’s leading Scorecard Analytics company, GMID Associates Pvt. Ltd.

Monday February 3, 2014, Palo Alto, CA: Palo Alto based Caralta Corporation announced today that it has acquired Noida, UP/Delhi-based GMID Associates Private Limited.

Over the last four years, GMID have developed a unique technology platform for generating Scorecards for a wide range of data in the Enterprise.  GMID’s predictive modeling services have been successfully used by Fortune 500 companies in consumer -facing businesses in diverse industries such as banking,  financial services,  insurance,  telecom, and retail. 

The science of scorecard analytics can be applied to a broad range of applications such as churn and retention management, sales lead analysis, fraud detection, consumer behavior prediction for sales and marketing, and portfolio value determination.  GMID have deep expertise across the datascape in predictive and descriptive analytics, scorecard solutions, data mining and data cleansing.

The highly skilled GMID team consists of mathematicians and statisticians with advanced degrees from the IITs.   Gmid Associates was founded in 2010 and has a development centre in Noida, UP, India and clients in the United States, UK, India, South Africa and Australia. A partial list of their serviced clients include Verizon Wireless, INGBank and Larsen & Toubro

The acquisition gives Caralta Corporation important complementary Predictive Analytics and Decision Sciences skill sets to deploy to a global market place, with a world class team and technology infrastructure.

GMID  Co-founders, Mudit Chandra, and Pankaj Jha said:  “We are delighted to expand the range of our offerings to new markets with an exciting team that has proven itself within the enterprise.  We are looking forward to scaling new heights as part of the larger global team”

Caralta Co-founder Vas Bhandarkar said: “We are impressed with the deep knowledge and passion for data and decision sciences of the GMID team and co-founders.  We are excited at the possibilities to leverage our investment, and expand our vision in the burgeoning Big Data landscape.”

About Caralta

Caralta is a leading provider of data analytics services for the predictive enterprise.  Our proprietary solutions and services have been widely used to drive significant business improvements for our customers.  Our teams have developed core technology components such as scoring engines, neural network models and machine learning systems which we use to solve problems in various vertical markets such as Banking and Financial Services, Retail, Telecom, and Healthcare Systems. We offer a broad range of services across the datascape, in areas such as SAS, SPSS, SQL, R, Hadoop, Descriptive and Predictive Modeling, Data Mining, Simulation, and Decision Tree Analysis.

Our models, solutions, and services have been used for several applications including security and fraud detection, consumer churn management, cross-sell and upsell systems, and portfolio value analysis in banking, sales pipeline analysis, and talent development.

Our data analytics expertise spans descriptive and predictive analytics and data mining; we have been serving the industry with distinction. We will work with you seamlessly to expand the goals of your business, to dramatically improve top and bottom line growth and improve consumer satisfaction.

Caralta Corporation was founded in 2012 by Vas Bhandarkar and Dr. Danny Yang.  Vas Bhandarkar is an entrepreneur who has been a founding executive and has successfully scaled from inception several innovative product companies. His previous adventures include Remedy Corporation (IPO), Selectica (IPO), Cellmania (Sold to RIM), Unimobile (Sold to EFII) and Globallogic (acquired by APAX Partners). 

Press Inquiries:

Pankaj Jha: pankaj@caralta.com or info@caralta.com
+1 650 469 3205

Vas Bhandarkar

Vasudev (Vas) Bhandarkar (CEO, ScoreData Corporation) is a consummate entrepreneur who has co-founded and built several successful market-focused organizations in B2C Internet services, enterprise software, and mobile services industries. He is a strategic thinker envisioning breakthrough product lines linked to realization of business objectives. He has recruited and led high performance executive/professional teams and has in-depth operating experience in building complex multi-disciplinary organizations.

He was Chairman and CEO of Unimobile, a wireless platform software company which was sold to Electronics for Imaging (EFII). From January 2000 to December 2000, Unimobile grew from 5000 to 1.2M consumers worldwide and their products were used by leading Banks, Financial Institutions and Airlines in the world. Today Unimobile messaging servers deliver more than a billion messages of inter-carrier messaging traffic in the United states. During his career Vas has successfully built/helped build businesses in Wireless/Internet (Unimobile, cellmania.com, carwale.com) Enterprise software (Selectica/B2B2C, Remedy/B2B), and Outsourced Services (Globallogic) industries. His operational experience spans marketing, business development, sales, product development and general management. Prior to Unimobile, Vas was the Senior Vice-President of Business Development and early investor in Cellmania, which was recently acquired by Blackberry-RIM.

Prior to Cellmania, Vas was the founding Vice President of Marketing and Business Development for Selectica Inc. a leading provider of intelligent selling systems and configuration tools for the Internet, which had a successful IPO on the NASDAQ (SLTC) in 2000. At Selectica, he was instrumental in shaping the company’s software strategy and helped close the first partnership and multi-million dollar sales deals (Ascend, BMW, and HP) that established the company as a leader in the market. Prior to Selectica he founded and ran a successful software services firm, Alma Enterprises, which he merged into Selectica. He has also held senior technology positions at Bell Laboratories, Digital Equipment Corporation, Apple Computer and Remedy Corporation. He was part of the marketing team that helped with the Initial Public Offering of Remedy Corporation (Nasdaq:RMDY). Finally, Vas has built two successful off-shore development facilities in India at Pune (Selectica) & Bangalore (Unimobile) and managed the Engineering and Test and Monitoring facility in Delhi for Yugma Corporation.

From 2004 to 2012 Vas served on the Board of Globallogic, a global outsourced product development services company, based in Vienna, Virginia and with offices in Argentina, India, China and the Ukraine. Vas was a very active Board member, working alongside sales and marketing teams helping close deals and open doors for new business. Vas was instrumental in establishing Globallogic’s Mobile services business. He also helped set up Globallogic’s Advisory Board and recruited it’s first members and served on their Strategy and Compensation committees. Vas is an advisor to and investor in several early stage startup companies.

Vas holds Masters degrees in Computer Science from Colorado State University and Physics from IIT-Bombay and has completed course work towards an MBA at Santa Clara University and executive education in Corporate Governance and Finance at the Stanford Graduate School of Business. Vas is a charter member of TiE – The Indus Entrepreneurs Organization. He is also involved with SINE - the Society for Innovation and Entrepreneurship at IIT-Bombay and Team-CSU from Colorado State University.

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