Growth Investment in Leading Innovator of Predictive Analytics
January 6, 2016 9:00 AM Eastern Daylight Time
PALO ALTO and PITTSBURGH – Opus, a leading provider of SaaS-based compliance solutions, today announced that it has made a strategic investment in OThot, a leading developer of cloud-based data science-driven platforms that dramatically reduce the cost and complexity of implementing predictive analytics.
Today’s investment in OThot creates an opportunity and foundation to accelerate Opus’ future use of predictive analytics on its Hiperos (Third Party Management) and Alacra (Know Your Customer) platforms.
“Today, our customers are able to manage hundreds of thousands of third party relationships. The Hiperos Third Party Network is growing exponentially as existing and new customers seek better and more efficient ways to collaborate with their third parties. In the future, we hope to enable customers to predict third party performance and anticipate compliance issues before they happen.” said Doug Bergeron, CEO and founder of Opus.
“OThot is co-founded by John Abbatico, the founding CTO of Hiperos, an Opus Company. John and OThot CEO, Andy Hannah, have proven track records of developing and growing successful software companies and have now envisioned a unique platform that combines SaaS-based solutions with predictive analytics. Our investment and collaboration will enable John to stay connected to Opus Global and directly connects us with a thought leader in predictive analytics,” Bergeron added.
Mr. Abbatico is transitioning to OThot but will remain a Special Advisor at Opus reporting to Hiperos CEO, Greg Dickinson.
Pittsburgh-based OThot is led by CEO Andy Hannah and is dedicated to the development and implementation of predictive analytics engines that allow companies and organizations to harness the power of their data. OThot’s suite of cloud-based products enable organizations to answer High Impact Questions™ such as predicting the likelihood of a prospect becoming a customer or an existing customer to churn, and predicting the impact of a marketing program on revenue. OThot leverages its deep expertise in data science, software development, and business problem solving experience to help organizations turn predictive analytics into usable tools that provide real results.
“I am excited to continue my connection to Opus, stated Mr. Abbatico. He continued “OThot is at the forefront of developing cloud-based predictive analytics engines and this investment and relationship will help accelerate OThot’s growth. I’ve had the privilege of working with Doug at Hiperos and have seen firsthand the power of a similar partnership.”
Opus is a compliance platform provider headquartered in Palo Alto, California, created through a $500 million partnership between GTCR, one of the world’s leading private equity firms, and Doug Bergeron, former CEO of VeriFone. Through direct investments and targeted acquisitions, Opus’ mission is to build the world’s leading compliance platform by integrating leading technology solutions addressing the increasingly complex compliance requirements and risks faced by companies across all industries. Opus seeks to be a long term partner to its customers, delivering significant value to their businesses through superior software solutions and related services. For more information about Opus, please visit http://www.opusglobal.com.
OThot is a cloud-based predictive analytics company that is committed to taking the cost and complexity out of the implementation of predictive analytics platforms. OThot’s platforms enable their customers to harness the combined power of their data and externally-generated data to answer High Impact Questions™ (HIQ™). These HIQs are the core business-driven questions that are critical for a company to build, develop and maintain their customer base. OThot’s unique offering delivers usable, tangible results in a format that allows the user make data driven decisions to improve business results. For more information about OThot, please visit http://othot.com.
Jeremy Garvey 412.759.9268
Julio C. Quinteros, Jr.
Opus | SVP, Business Development & Strategy
O: +1-650-458-4283 | C: +1-415-672-3629