Mu Sigma

Mu Sigma is an Indian management consulting firm that primarily offers data 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. Mu Sigma is headquartered in Chicago, Illinois and has a global delivery center in Bangalore.

History 
Mu Sigma was founded by Dhiraj Rajaram, a former strategy consultant at Booz Allen Hamilton and PricewaterhouseCoopers, in 2004.
In 2008, Mu Sigma raised its first institutional investment round of $30 million from FTVentures (now FTV Capital). In April 2011, the company raised an additional $25 million from Sequoia Capital. In December 2011, the company announced a $108 million round of financing from Sequoia and growth equity investor General Atlantic. 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) milestone.

In early 2016, the company was sued by Aon Corp founder Pat Ryan, who discussed that Mu Sigma lowballed its own growth prospects in order to buy back Ryan's stake in the company. Ryan won the court case.

In October 2016 Dhiraj Rajaram took over the role of CEO from his estranged wife, Ambiga Subramanian, who was currently serving as CEO at the time. The couple split in 2016, post which Dhiraj became the CEO.

Recognition

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.

Visa fraud
Mu-Sigma agreed to pay $2.5 million as settlement for alleged visa fraud after it was investigated by multiple U.S. authorities. Mu Sigma allegedly induced aliens to enter and remain in the U.S. The company has not admitted to any wrongdoing.

References

Notes

External links

 Official Twitter Page

Category:Analytics companies
Category:Technology companies established in 2004