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ScoreData Corporation acquires GMID Associates Pvt. Ltd.

Monday February 3, 2014, Palo Alto, CA: 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

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

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.”