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.”
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).
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