Ann Arbor’s LLamasoft, a provider of enterprise supply chain design and decision-making solutions, has acquired Opex Analytics LLC, a Chicago-based provider of artificial intelligence solutions to Fortune 500 companies. Terms of the deal were not disclosed.
“The acquisition of Opex Analytics supports our strategy to transform the future of enterprise decision making,” says Razat Gaurav, CEO of LLamasoft. “The teams at LLamasoft and Opex are known for leveraging data and the power of AI to gain deep insights and solve complex problems for companies who battle a barrage of constantly changing market conditions and ever-evolving customer demands. The combination of our enterprise-grade analytics platform and our unmatched team of seasoned data scientists with simulation, optimization, and machine learning expertise will uniquely position us to unlock the value potential of AI for our customers.”
The acquisition creates a combined company that will offer productized applications and solutions to global organizations to accelerate adoption of artificial intelligence with deep expertise in machine learning, optimization, simulation, and other advanced analytics capabilities to improve decision making. Opex will continue to operate under its own brand.
“We see this as an opportunity to accelerate value creation for an even broader community of customers,” says Ganesh Ramakrishna, co-founder of Opex. “Over the last several years, Opex has been building the capability to bring production AI solutions to our clients and enable them to rethink their businesses with insights from AI.”
Opex helps companies use new data sources and artificial intelligence techniques to create insights, detect and predict business performance, and perform root cause analysis leading to better and more profitable decisions. The company employs more than 140 data scientists, operational experts, and development resources in the U.S., Russia, and India.
The company has developed and deployed applications for global corporations in areas ranging from operational predictions, dynamic pricing, incident prevention, and employee retention.
“With this combined firm, we’ll have additional assets and execution ability to bring solutions to the broader market at a time when many organizations are struggling to demonstrate progress on transformation initiatives,” says Michael Watson, co-founder of Opex Analytics. “I am excited for employees at both companies to continue their work with existing clients and to bring new solutions to a broader network of companies around the world.”
Gaurav will lead the combined company as CEO of LLamasoft, and Ramakrishna and Watson will co-lead the Opex business unit. The combined companies have more than 750 global customers. TPG Capital, Goldman Sachs, and MK Capital will continue to be partners in the company.