FTVentures
Commits $30 Million to Pure-Play Data Analytics Outsourcing Firm
FTVentures
is pleased to announce that it has committed $30 million to Mu Sigma, the
leading independent provider of high quality analytical decision support
services. The funding will support the further expansion of Mu Sigma’s
high end analytics capabilities delivered cost effectively from its Bangalore, India delivery center.
Mu Sigma helps clients institutionalize analytics in their organizations
through a global delivery model, augmenting a client’s internal
decision-making leadership with an onshore team of domain experts and
business professionals and a dedicated offshore team of mathematicians
and scientific practitioners. The Company recruits and trains the top
mathematicians in India
and leverages its best-in-class processes and domain expertise in
statistics, econometrics and operations research.
We are extremely enthusiastic about this opportunity given Mu Sigma’s
strong leadership position as an independent pure-play data analytics
company. The strong demand for its services is evidenced by the blue chip
client relationships it has already established including US Bank,
Allstate, Microsoft, Wal-Mart, and Pfizer.
Brad Bernstein, FTVentures Partner and Head of Business Services, has
joined the Mu Sigma board of directors.
Click
here to read the press release.
To learn more about Mu Sigma or the knowledge process outsourcing space,
please contact:
Brad Bernstein, FTVentures Partner
212-682-4800 or bbernstein@ftventures.com
Peter Casella, FTVentures Vice President
212-682-4800 or pcasella@ftventures.com
Alice Wang, FTVentures Associate
415-229-3000 or awang@ftventures.com
