Palo Alto, CA 94034 (PRWEB) February 04, 2014
Palo Alto based Caralta Corporation announced today that it has acquired Noida, UP/Delhi-based GMID Associates Private Limited.
GMID Associated Private Limited is India's leading technology platform for generating Scorecards for predictive analytics and scorecard ranks 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. They count several Fortune 500 banks, financial institutions, finance and health care companies amongst their satisfied customers.
The acquisition gives Caralta Corporation important complementary Predictive Analytics and Decision Sciences skill sets, with a world class team and technology infrastructure, to deploy to a global market place.
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).
Pankaj Jha: email@example.com or firstname.lastname@example.org
+1 650 469 3205