Press
Mu Sigma Closes Series B Financing
CHICAGO (MAY 18, 2006)

Mu Sigma, a Schaumburg based analytics services organization raised growth capital from affiliates of Ryan Enterprises, the investment arm of the Patrick G. Ryan family, to expand Mu Sigma's operations and meet the customer demand it has generated since its founding in 2004. Mu Sigma leverages global delivery using their operations in Bangalore, India to provide best in class quantitative talent at a third of the cost. Their analysts, who typically have a masters or PhD in the fields of statistics, econometrics or operations research provide marketing, risk and supply chain analytics for fortune-500 corporations. Mu Sigma counts leading corporations in the Financial Services (Banking and Insurance), Technology, Retail, Pharmaceutical and Services industry verticals among its current customers.

Pat Ryan - Executive Chairman, Aon Corporation

Dhiraj Rajaram, Mu Sigma's founder and CEO says "Having Pat Ryan back Mu Sigma validates our vision and provides us the support and guidance we need to take Mu Sigma to the next level".

Mr. Ryan founded what has grown into Aon Corporation, an S&P 500 and Fortune 250 company with 500 offices in more than 120 countries. Aon's 47,000 employees across the world are leaders in providing risk management and consulting services to corporations. Mr. Ryan was CEO of Aon and its predecessors for 42 years and remains Aon's Executive Chairman. Other major Ryan investments include Penske Corporation and the Chicago Bears.

Mr. Ryan described the thinking behind backing Mu Sigma: "We believe deeply in the differentiating value of analytics and the need of corporations to significantly grow their analytics capabilities. In order to do so leading corporations must be able to tap into the leading analytical minds across the globe. Mu Sigma is an emerging leader in attracting the best analytical talent from around the world and harnessing it to enable companies to extract the analytical insights required to achieve their vision."

"The cash infusion allows Mu Sigma to comfortably meet its growth plans", says Rajaram. He continues "We plan to invest in a training curriculum that allows us to scale our operations. Our goal over the next 3 years is to build an organization that can support fifteen fortune-500 corporations in North America and help them institutionalize data driven decision making."

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