CHICAGO, IL--(Marketwire - Dec 28, 2011) - Mu Sigma (www.mu-sigma.com), the largest pure-play provider of analytics and decision support services for global enterprise customers, announced today that it has closed a $108 million investment round led by
General Atlantic. This is believed to be the biggest private-equity investment made to date in the emerging market for analytics services, and follows Mu Sigma's April 2011 $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. With more than 50 Fortune 500 clients and 1500 analytics professionals, Mu Sigma is a category-defining company that has pioneered a new era in the analytics and decision sciences industry by integrating the disciplines of applied math, business and technology.
Mu Sigma is already profitable and can finance its own operations, but will use the investment funds to accelerate its growth in the burgeoning analytics services market. A portion of the proceeds are being used to purchase shares held by existing shareholders, all of whom will continue to have stakes in the company. The investment represents a broadening of the firm's shareholder support and a strong endorsement by General Atlantic, one of the world's largest growth equity investors with a successful 31-year track record.
Read more.
Gregory PS: Mu Sigma was founded in 2004 and has the main analytics center in Bangalore, India.