LLamasoft Acquires Opex Analytics Forming Applied AI Powerhouse

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A recent press release, “LLamasoft, the leading provider of enterprise supply chain design and decision-making solutions, announced it acquired Opex Analytics LLC, a Chicago-based provider of artificial intelligence (AI) solutions to Fortune 500 companies. The acquisition, backed by TPG Capital, Goldman Sachs, and MK Capital, creates a combined company that will offer productized applications and innovative solutions to global organizations to accelerate adoption of artificial intelligence (AI) with deep expertise in machine learning (ML), optimization, simulation and other advanced analytics capabilities to improve decision making. Opex Analytics will continue to operate under the Opex Analytics brand, now as a LLamasoft Company.”

The release continues, “With a proven record of delivering enterprise-grade AI applications, Opex Analytics has enabled large companies to use new data sources together with AI techniques to create breakthrough insights, detect and predict business performance and perform root cause analysis leading to better and more profitable decisions. Opex Analytics employs more than 140 data scientists, operational experts, and development resources located in the United States, Russia and India. With a co-innovation approach, the company has developed and deployed multiple applications for large, global corporations in areas ranging from operational predictions, dynamic pricing, incident prevention, and employee retention to optimize consumer experiences. Opex Analytics customers include well known global brands.”

Read more at Business Wire.

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