CHICAGO, IL – (Marketwire – Jun 6, 2011) – Mu Sigma (www.mu-sigma.com), a leading provider of decision sciences and analytics services, announced today that it has raised Series C financing of $25 million from Sequoia Capital.

With over 1200 highly educated, experienced analysts, Mu Sigma is building the world’s largest applied math lab. Mu Sigma helps Fortune 500 clients make better business decisions through the use of applied math, business and technology. The company solves high-impact business problems in a cost effective and sustainable manner by establishing dedicated centers of analytical expertise for its clients.

Shailendra Singh, Managing Director at Sequoia Capital, said, “Mu Sigma is the most impressive analytics services company we have met in years, and the only one of its kind to deliver business analytics at scale for many Fortune 500 clients using a global delivery model. The big-data phenomenon presents a massive opportunity for large corporations that can use analytics to make the right business decisions quickly and drive improvements to their top and bottom line, and Mu Sigma is an enabler for that. Most importantly, Dhiraj and the management team have the vision and execution capability to build an enterprise for the very long term, and we’re delighted to partner with them in their mission of building the world’s largest analytics services company.”

Global consulting firm McKinsey recently issued a research report predicting that in order for businesses to handle an explosion of “Big Data” — defined as data sets too big to be readily handled by today’s database technology — another 140,000-190,000 deep analytical talent positions need to be created in the coming years1. Mu Sigma is helping to fill that void.

Brad Bernstein, Mu Sigma board member and Partner at FTV Capital, the first institutional investor in Mu Sigma, said, “Mu Sigma’s ability to leverage best-in-class processes and deep industry expertise has enabled it to rapidly grow revenues by a remarkable 600 percent since FTV invested in the company in 2008. With its proven business model, Mu Sigma is successfully meeting client needs and exceeding client expectations across a broad array of industry verticals including financial services, retail, pharmaceuticals, transportation and technology. FTV is thrilled to continue its partnership with this dynamic management team and high-growth company.”

“I want to thank our clients first and foremost for partnering with us and being such strong advocates,” said Dhiraj Rajaram, Founder & CEO, Mu Sigma. “Companies today have vast amounts of data that they have collected over the last few decades. To understand all this data, Decision Sciences is going to play a much bigger role in the coming years. We at Mu Sigma are very excited to be a part of this revolution and we believe that we are not just building a company, but building an industry. Through our work with many market leading Fortune 500 companies such as Microsoft and Dell, we’ve enabled them to chart, implement and execute through a roadmap in decision sciences and analytics.”