Analytics and decision support services provider Mu Sigma, Chicago, closed a $108 million investment round led by private-equity firm General Atlantic, Greenwich, Conn.
Mu Sigma closes on $108 million investment
Mu Sigma provides data analysis for the healthcare, finance, insurance, pharmaceutical, retail and technology industries. Among its services for healthcare clients, the company offers data warehousing, financial performance tracking, business process assessment, member analytics and clinical performance analysis.
A portion of the proceeds from the investment is being used to buy shares from existing shareholders, who will maintain their stake in the company, according to a Mu Sigma news release. The funds also will be used to spur the company's growth within the analytics services market, according to the release. In April, Mu Sigma closed a $25 million investment round led by Sequoia Capital, Menlo Park, Calif. Sequoia also participated in the latest round of funding.
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