Mu Sigma, a Chicago, IL-based provider of analytics and decision support services for global enterprise customers, has closed a $108m funding.
The round was led by General Atlantic, with participation from existing investor Sequoia Capital (read here), which has increased its stake.
The company intends to use the funds to accelerate its growth in the analytics services market and to purchase shares held by existing shareholders, all of whom will continue to have stakes in Mu Sigma.
Founded in 2004 by CEO Dhiraj Rajaram, Mu Sigma helps global companies across multiple verticals institutionalize decision support and analytics within their organizations and solve high-impact business problems in the areas of Marketing, Supply Chain and Risk Analytics using a global delivery model. Clients include Microsoft and Dell.
In conjunction with the funding, Bill Ford, CEO of GA, will join Mu Sigma’s board.
FinSMEs
28/12/2011