|Contact: Antony Satyadas|
Innovation Incubator Inc
Phone : 781-953-0902
|263 Continental Drive,|
Manhasset Hills, NY 11040 USA
Innovation Incubator announces definitive agreement to acquire Kreara Solutions Private Ltd India to lead Cognitive Decisions market
CogNub will be an all new global cognitive insights as service platform
MANHASSET HILLS, NEW YORK November 13th 2015 –Innovation Incubator Inc., a startup focused on incubating the first mile and harnessing disruptive change with continuous innovation to create new markets, announced that they have signed a definitive agreement to acquire Kreara Solutions Private Ltd India. The new CogNub insights as a service offered through this company will provide cognitive decision support and serious games to real estate appraisers, brokers, agents and lenders, automotive dealers and OEMs, Contract Research Organizations and healthcare providers. The purchase will be funded with existing cash and Innovation Incubator expects to close this transaction early December 2015.
“Kreara has been delivering cutting edge descriptive, prescriptive and predictive data analytics solutions to our customers for the last decade. This strategic alignment with Innovation Incubator will help us take the lead in cognitive decision sciences and deliver disruptive capabilities in virtual personal assistants, autonomous vehicles, people literate technology, neuro-business and machine learning,” said Anoop P. Ambika CEO of Kreara Solutions Private Limited, India.“With deep expertise in AI, statistics and applied mathematics, our team of data scientists look forward to providing new value to our clients. Cognub insights as a service platform will redefine the self service delivery paradigm that has been slowly shaping up”.
Upon completion of the transaction, Kreara Solutions will continue as an Innovation Incubator portfolio company led by Anoop P. Ambika. This strategic tie-up will further enhance the existing pipeline and will help Kreara to service their clients better and further explore the North American Markets. Kreara Solutions has been delivering Clinical Data Management and Biostatistics for Clinical Research Organizations along with Big Data Analytics and Machine Learning solutions for Real Estate, Financial Services, Healthcare, Life Sciences and Governments for the past 12 years.Headquartered in Technopark, a vibrant IT hub for more than 50,000 software professionals in Trivandrum, Kerala, India, Keara has been a pace setter with global presence,hundreds of clients, unique products, top data scientists, consultants and technology geeks.
“The future of consumer oriented industries such as real estate, automotive and healthcare in this hyper connected world is all about cognitive decision making across digital, virtual and physical realities”, said Matt Kumar, Chairman of Innovation Incubator Inc. USA. “We are betting big on Cognitive computing with Cognub to create new kinds of jobs and out of the box value for people and enterprises in these value chains. We are expecting hyper growth over the next five years as we grow the organization into a global unicorn with thousands of experts and thought leaders and become the gold standard for strategic decision making”.
About Innovation Incubator Inc USA
Focused on incubating to accelerate the first mile and guiding the journey to the last mile, we create and spin off IT solution companies with very large market valuation potential. Headquartered in New York, we also have presence in Boston, MA in USA and Trivandrum, Kerala in India.