Mumbai: Mu Sigma, a decision sciences and analytics solutions company, is to set up a development centre in the US and recruit another 1,000 personnel by December this year.
The company, which is backed by private equity (PE) firms Sequoia Capital and General Atlantic, would set up the centre either in Seattle, Austin or Chicago.
“This would be an extension of our innovation centre in Bangalore, and is being launched as we have been growing,” said Dhiraj C. Rajaram, Chairman and Chief Executive Officer, Mu Sigma, said on the sidelines of the Nasscom summit.
Mu Sigma had posted a 6-9 per cent monthly growth in 2012, and expects a similar growth this year also.
“Data is beginning to explode, and it needs to be collated and analysed,” said Rajaram, who had started the company in 2004 as a start-up. The firm crossed $100 million in revenues last year.
The company is also looking at recruiting about 1,000 personnel this year, adding to its total headcount of 2,300 employees.
The company, which had raised about $150 million in multiple tranches over the past three-year-period from the PE firms, is not immediately looking at raising additional funds.
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