Mu Sigma

Last updated
Mu Sigma Inc.
Company type Privately Owned
Industry Management consulting
Founded(2004) [1]
Founder Dhiraj Rajaram
Headquarters Chicago,
Illinois
Services Data analytics
Number of employees
3,500+ (2016) [2]
Website www.mu-sigma.com

Mu Sigma is an American data analytics firm providing big data services, decision sciences and helping enterprises in data-driven decision making. The company headquartered in Chicago, Illinois partners with over 140 Fortune 500 companies to enhance their analytical and decision-making capabilities. 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.

Contents

History

Mu Sigma was founded by Dhiraj Rajaram, a former strategy consultant at 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). [3] In April 2011, the company raised an additional $25 million from Sequoia Capital. [4] In December 2011, the company announced a $108 million round of financing from Sequoia and growth equity investor General Atlantic. [5] 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 [lower-alpha 1] ) milestone. [6]

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. [2]

In October 2016, after the divorce of Ambiga Subramanian, who was serving as CEO at the time, Dhiraj Rajaram assumed the role of CEO. [7] [8]

Locations

Mu Sigma is headquartered in Chicago, Illinois and has a global delivery centre in Bangalore. It also has an office in Austin, Texas.

Related Research Articles

<span class="mw-page-title-main">Aon (company)</span> Professional services firm

Aon plc is a global professional services firm that offers a range of risk-mitigation products. Aon has approximately 50,000 employees across 120 countries.

Teradata Corporation is an American software company that provides cloud database and analytics-related software, products, and services. The company was formed in 1979 in Brentwood, California, as a collaboration between researchers at Caltech and Citibank's advanced technology group.

<span class="mw-page-title-main">Anna University</span> Public university in Chennai, India

Anna University is a public state university located in Chennai, Tamil Nadu, India. The main campus is in Guindy. It was originally established on 4 September 1978 and is named after C.N.Annadurai, the former Chief Minister of Tamil Nadu.

<span class="mw-page-title-main">College of Engineering, Guindy</span> Engineering college in Chennai, India

The College of Engineering, Guindy (CEG) is a public engineering college situated in Chennai, India. It is Asia's oldest technical institution, founded in 1794. It is also the oldest technical institution to be established outside Europe.

<span class="mw-page-title-main">Pat Ryan (executive)</span> American businessman

Patrick G. Ryan is an American billionaire insurance businessman. He is the founder and retired chairman and CEO of Aon Corporation. In 2010, he founded Ryan Specialty Group (RSG) as a holding company aimed at providing specialty services to insurance brokers, agents and carriers. RSG's first subsidiary, ThinkRisk, began business in December 2009 to provide underwriting and claims management services for media, technology, advertising and network security.

<span class="mw-page-title-main">Workday, Inc.</span> American software company

Workday, Inc., is an American on‑demand (cloud-based) financial management, human capital management, and student information system software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, along with former PeopleSoft chief strategist Aneel Bhusri, following Oracle's acquisition of PeopleSoft in 2005.

Aster Data Systems was a data management and analysis software company headquartered in San Carlos, California. It was founded in 2005 and acquired by Teradata in 2011.

Tableau Software, LLC is an American interactive data visualization software company focused on business intelligence. It was founded in 2003 in Mountain View, California, and is currently headquartered in Seattle, Washington. In 2019, the company was acquired by Salesforce for $15.7 billion. At the time, this was the largest acquisition by Salesforce since its foundation. It was later surpassed by Salesforce's acquisition of Slack.

<span class="mw-page-title-main">IRI (company)</span> American data analytics company

IRI was a data analytics and market research company headquartered in the United States. The company provided clients with consumer, shopper, and retail market intelligence as well as analysis on consumer packaged goods (CPG), retail, and healthcare industries. It merged with The NPD Group in 2022 to become Circana.

<span class="mw-page-title-main">Qualtrics</span> Experience management company

Qualtrics is an American experience management company, with co-headquarters in Seattle, Washington, and Provo, Utah, in the United States. The company was founded in 2002 by Scott M. Smith, Ryan Smith, Jared Smith, and Stuart Orgill.

<span class="mw-page-title-main">MongoDB Inc.</span> American software company, developer of MongoDB

MongoDB, Inc. is an American software company that develops and provides commercial support for the source-available database engine MongoDB, a NoSQL database that stores data in JSON-like documents with flexible schemas. MongoDB, Inc. is a member of the MACH Alliance.

Revolution Analytics is a statistical software company focused on developing open source and "open-core" versions of the free and open source software R for enterprise, academic and analytics customers. Revolution Analytics was founded in 2007 as REvolution Computing providing support and services for R in a model similar to Red Hat's approach with Linux in the 1990s as well as bolt-on additions for parallel processing. In 2009 the company received nine million in venture capital from Intel along with a private equity firm and named Norman H. Nie as their new CEO. In 2010 the company announced the name change as well as a change in focus. Their core product, Revolution R, would be offered free to academic users and their commercial software would focus on big data, large scale multiprocessor computing, and multi-core functionality.

Clustrix, Inc. is a San Francisco-based private company founded in 2006 that developed a database management system marketed as NewSQL.

<span class="mw-page-title-main">Silk Platform</span> American cloud storage company

Silk is a technology company headquartered in Needham, Massachusetts, United States. Silk offers a cloud platform for enterprise customers with mission-critical applications. The company has offices in Boston and Israel.

<span class="mw-page-title-main">Aon Hewitt</span> American consulting company

Aon Hewitt was a provider of human capital and management consulting services headquartered in Lincolnshire, Illinois in the United States. From 500 offices in 120 countries, it provided consulting, outsourcing, and reinsurance brokerage services. The "Aon Hewitt" brand and legal entities have now been absorbed into the "Aon" business, leaving obsolete the names "Hewitt" and "Aon Hewitt."

Predixion Software is a software company focusing on edge analytics for connected assets. It was founded in late 2009 and is headquartered in Aliso Viejo, CA.

Looker Data Sciences, Inc. is an American computer software company headquartered in Santa Cruz, California. It was acquired by Google in 2019 and is now part of the Google Cloud Platform. Looker markets a data exploration and discovery business intelligence platform.

<span class="mw-page-title-main">Dhiraj Rajaram</span> Indian entrepreneur

Dhiraj C Rajaram is an Indian entrepreneur and the founder, chairman and CEO of Mu Sigma Inc, a provider of analytics and decision sciences solutions. He was born in 1975 Chennai, India and brought up in Bengaluru, India.

Amplitude, Inc. is an American publicly trading company that develops digital analytics software. The company was listed publicly on the Nasdaq stock exchange under the ticker symbol AMPL on September 28, 2021, at a market capitalization of $7.1 billion after its first day of trading.

References

  1. 1 2 "Getting the numbers right". EMERGE Forum. NASSCOM. September 27, 2011. Archived from the original on May 25, 2012. Retrieved Jun 18, 2012.
  2. 1 2 Mehrotra, Kartikay (10 March 2016). "Aon founder Pat Ryan sues Mu Sigma, claims lowball buyout". Chicago Tribune. Retrieved 21 December 2017.
  3. ↑ "FTVentures Commits $30 Million to Mu Sigma (press release)". FTVentures. September 24, 2008. Archived from the original on October 26, 2012. Retrieved June 18, 2012.
  4. ↑ "The Daily Start-Up: Sequoia Makes "Big Data" Move With Mu Sigma". Venture Capital Dispatch. The Wall Street Journal. June 6, 2011. Retrieved June 18, 2012.
  5. ↑ "Mu Sigma Lands Big Money for Big Data". The Wall Street Journal. December 29, 2011. Retrieved November 23, 2012.
  6. ↑ "Mu Sigma attracts a clutch of foreign investors, gets valued at billion, Dhiraj Rajaram is now king of data analysis, data science and predictions by". The Times Of India. February 20, 2013. Archived from the original on September 4, 2013.
  7. ↑ "'Unicorn' Mu Sigma founder Dhiraj Rajaram takes control, including role of CEO, from estranged wife". 5 October 2016.
  8. ↑ "Mu Sigma's Ex-CEO Ambiga Subramanian To Roll Out Her Own Social Media Startup Hyphen.Social". Inc42 Media. 2017-11-10. Retrieved 2018-06-14.

Notes

  1. ↑ At time of transaction
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.