Mu Sigma

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Mu Sigma Inc.
Indian Privately Owned
Industry Advanced Analytics and decision sciences
Founded (2004)[1]
Founder Dhiraj Rajaram
Headquarters Bengaluru,
Karnataka, India
Services Marketing Analytics
Supply Chain Analytics
Risk Analytics
Number of employees
3,500+ (2014)[2]
Website www.mu-sigma.com

Mu Sigma is an Indian management consulting firm that primarily offers analytics services. The firm's name is derived from the statistical terms "Mu (μ)" and "Sigma (σ)" which symbolize the mean and the standard deviation respectively of a probability distribution.

The company is ISO 27001 certified.[3]

Mu Sigma is headquartered in Bengaluru with its main delivery centre. As of 2011, Mu Sigma's clients included more than 125 Fortune 500 companies.[4]

History[edit]

Mu Sigma was founded by Dhiraj Rajaram, a former strategy consultant for Booz Allen Hamilton and PricewaterhouseCoopers, in 2004.[1] In 2008, Mu Sigma raised its first institutional investment round of $30 million from FTVentures (now FTV Capital).[5] In April 2011, the company raised an additional $25 million from Sequoia Capital.[6] In December 2011, the company announced a $108 million round of financing from Sequoia and growth equity investor General Atlantic.[4] In February 2013, Mu Sigma received an investment of $45 million from MasterCard, which placed the company over the $1 billion (Rs. 5,400 crore[a]) milestone.[7]

Recognition[edit]

Mu Sigma was ranked #907 on the 2012 Inc. 5000 list of America's fastest-growing private companies. In 2011 the company ranked #386, and in 2010, it ranked #204.[8] Rajaram, the company's founder and chairman, was ranked 37 on the Fortune Magazine 40 under 40 list in 2013.[9] Rajaram won the Ernst & Young Entrepreneur Of The Year India Award 2012 in the services category.[10]

References[edit]

  1. ^ a b "Getting the numbers right". EMERGE Forum. NASSCOM. September 27, 2011. Retrieved Jun 18, 2012. 
  2. ^ url = http://www.mu-sigma.com/analytics/aboutus/who-we-are.html
  3. ^ "Who We Are". Mu Sigma. Retrieved Nov 23, 2012. 
  4. ^ a b "Mu Sigma Lands Big Money for Big Data". The Wall Street Journal. December 29, 2011. Retrieved Nov 23, 2012. 
  5. ^ "FTVentures Commits $30 Million to Mu Sigma (press release)". FTVentures. September 24, 2008. Retrieved June 18, 2012. 
  6. ^ "The Daily Start-Up: Sequoia Makes "Big Data" Move With Mu Sigma". Venture Capital Dispatch. Wall Street Journal. June 6, 2011. Retrieved June 18, 2012. 
  7. ^ "Mu Sigma attracts a clutch of foreign investors, gets valued at billion, Dhiraj Rajaram is now king of data". The Times Of India. February 20, 2013. 
  8. ^ "Inc. 5000 Profile". Inc. September 2011. Retrieved June 18, 2012. 
  9. ^ Roberts, Daniel; Arora, Rupali; Benner, Katie; Bradley, Ryan; Cendrowski, Scott; Dunn, Catherine; Epstein, Eli; Fry, Erika; Gandel, Stephen; Giammona, Craig; Kowitt, Beth; Leahey, Colleen; Lev-Ram, Michal; Mangalindan, Jp; Newmyer, Tory; Sellers, Pattie; Vandermey, Anne; Vella, Matt (September 19, 2013). "40 Under 40 - 37. Dhiraj Rajaram". CNN Money. Retrieved 11 October 2013. 
  10. ^ "Presenting the winners of Ernst & Young Entrepreneur Of The Year India Award 2012". Ernst & Young. Feb 21, 2013. Retrieved June 3, 2013. 

Notes[edit]

  1. ^ At time of transaction

External links[edit]