Indian-driven analytics leader Mu Sigma, receives $ 108m infusion
Bangalore, December 29, 2011 – Indian-owned and Indian innovation driven, Mu Sigma, the world's largest pure-play provider of analytics and decision support services for global enterprises has received $108 million in investment arguably the biggest private-equity investment made in the emerging market for analytics services.
The investment has been led by leading private equity firm General Atlantic. It comes on the heels of the April 2011 investment of $25 million round led by Sequoia Capital (which also participated in this latest round, raising its stake in the company).
Mu Sigma is a professional services firm that provides its clients with a competitive edge by helping them to institutionalize decision support and analytics within their organizations in a sustainable, recurring manner using a global delivery model. Mu Sigma works with market-leading companies across multiple verticals, solving high-impact business problems in the areas of Marketing, Supply Chain and Risk Analytics. Mu Sigma has pioneered a new era in the analytics and decision sciences industry by integrating the disciplines of applied math, business and technology.
Earlier this year, global consulting firm McKinsey issued a research report ( McKinsey Global Institute, “Big data: the next frontier for innovation, competition and productivity” May 2011) estimating that the universe of digital information will increase another 20-fold by the year 2020. In that same report, McKinsey predicts that in order for businesses to handle an explosion of “Big Data” – defined as data sets too big to be readily handled by today’s database technology – another 140,000-190,000 deep analytical talent positions need to be created in the coming years. Mu Sigma is helping to fill that void.
The company has grown rapidly since its founding in 2004 by Dhiraj Rajaram, who remains its CEO.
Mu Sigma's(http://www.mu-sigma.com ) headquartered in Chicago, with its main delivery center in Bangalore.