WESTBOROUGH, Mass.--(BUSINESS WIRE)--Sep. 6, 2017--
Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and
IT outsourcing company that accelerates business outcomes for its
clients, today announced it has been named a Major Contender in Everest
Group’s 2017 PEAK Matrix™ for Global Banking Application Outsourcing
(AO) services.
Virtusa was recognized for its mature and best-in-class services
tailored for the banking industry, developed through strategic
investments in accelerators, a novel approach to co-innovation with
clients, and end-to-end domain competencies. Virtusa was also rated
highly for its outstanding customer satisfaction and industry-leading
global delivery capabilities.
“We are pleased to be recognized for the fifth consecutive year by
Everest Group as a Major Contender in the Banking AO PEAK Matrix™
assessment,” said Bob Graham, global solutions head, Banking and
Financial Services, Virtusa. “Virtusa has been at the forefront of
disrupting the traditional Banking AO marketplace given our focus on
extreme automation, digital transformation, and our co-innovation
sandbox that allows our clients to more rapidly adopt emerging trends
such as API services, DevOps, AI, and robotics, while accelerating time
to market.”
Issued annually, the Everest Group assesses IT service providers on
their delivery capability and market success. The 2017 PEAK Matrix™
Assessment for Applications Outsourcing in Banking is based on the
evaluation of more than 500 large multi-year banking AO contracts signed
by over 25 IT service providers.
“Banks are redesigning their technology sourcing strategies to
respond to changing consumer demands, new technologies, regulatory
pressures, and intense competition from fintech competitors,” said Ronak
Doshi, practice director, Everest Group. “Augmentation of expertise in
core platforms, gained through Virtusa’s Polaris acquisition,
investments in modernization, automation, and partnerships with fintechs
have positioned Virtusa as a Major Contender on Everest Group’s 2017
PEAK Matrix™ Assessment for Applications Outsourcing in Banking.”
For more than 25 years, Virtusa has been helping its banking and
financial services clients gain competitive advantage and a strong
foothold in their markets by enabling them to innovate, drive
efficiencies, improve performance, and transform their businesses.
Virtusa’s Fintech Lab is a first-of-its-kind lab with unique sandbox
environments and a banking data model to run quick experiments and
easily turn ideas into MVPs (Minimum Viable Products). The Lab has
helped in building over 50 MVPs in the last year by leveraging next-gen
technologies such as blockchain, robotic process automation, artificial
intelligence, cognitive computing, and machine learning, creating
breakthrough value for its customers.
To access the full report, visit: https://www2.everestgrp.com/reportaction/EGR-2017-11-R-2232/Marketing
For more information on Virtusa’s banking and financial services, visit: http://www.virtusa.com/industries/banking-and-financial-services/perspective/
About Virtusa
Virtusa Corporation (NASDAQ GS: VRTU) is a
global provider of information technology (IT) consulting and
outsourcing services that accelerate business outcomes for Global 2000
companies and leading software vendors in banking and financial
services, insurance, healthcare, telecommunications, technology, and
media & entertainment.
Virtusa helps CXOs' address the dual challenge of growing revenues while
improving IT cost efficiencies. Virtusa's digital transformation &
innovation (DTi) solutions enable clients to reimagine the customer
experience, accelerate revenue growth and creating lasting business
value. The company’s operational excellence (OE) solutions help clients
reduce risk, improve operational efficiencies, and lower IT costs.
Virtusa delivers services across the IT lifecycle, including consulting,
solution design, technology selection, implementation, testing, and
maintenance, including infrastructure support. With a strong heritage in
software engineering, Virtusa is highly qualified to both develop and
maintain software, using a proven platforming methodology and advanced
Agile and Accelerated Solution Design techniques to reliably deliver
results on time and within budget.
Holding a proven record of success across industries, Virtusa readily
understands its clients' business challenges and uses its domain
expertise to deliver distinctive, differentiated and innovative
applications of technology to address its client critical business
challenges. Examples include building the world's largest P&C claims
modernization program; one the largest corporate customer portals for a
premier global bank; an order to cash implementation for a multinational
telecommunications provider; and digital transformation initiatives for
media and banking companies.
Through the acquisition of a majority interest in Polaris Consulting
Services Ltd. in March 2016, Virtusa has created a robust platform to
provide end-to-end solutions and services in banking and financial
services, strengthening its positioning as a top, global FinTech
services provider. Virtusa Corporation is headquartered in Massachusetts
and has 50 offices across North America, Europe and Asia.
Polaris Consulting & Services is a subsidiary of Virtusa Corporation.
Copyright © 2017 Virtusa
Corporation. All Rights Reserved.
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Source: Virtusa Corporation
Greenough
Amy Legere, 617-275-6517
alegere@greenough.biz