SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Sep. 18, 2018--
Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital
strategy, digital engineering, and IT outsourcing services that
accelerates business outcomes for its clients, today announced that it
has been named a Major Contender in Everest Group’s 2018 PEAK MatrixTM
for Digital Services in Life Sciences. Virtusa’s market
impact was assessed on two fronts: 1) Market adoption, portfolio mix,
and value delivered; and 2) Vision and strategy, scope of services
offered, innovation and investments, and delivery footprint. Out of the
23 IT service organizations evaluated, Virtusa was named one of the 14
major contenders listed on the 2018 assessment.
“North American life sciences enterprises are getting serious about
digital transformation. A mix of market changes and demand dynamics –
which includes the acceleration of personalized medicine, a movement
towards value-based care, evolving patient expectations, a boost from US
tax reform, and the need for faster time to market – is driving the
change. With a focus on patient-centricity, connected wellness, and drug
discovery, Virtusa is creating a forward-looking story for digital
services in life sciences,” said Nitish Mittal, practice director, Life
Sciences IT Services at Everest Group.
Virtusa’s Life Sciences practice helps companies navigate the
challenging landscape of drug pricing pressure, the patent cliff,
increasingly stringent regulations, growth into emerging markets, and a
shift to outcome-based payment structures. Virtusa focuses on developing
and harnessing connected care platforms that are both data and
AI-centered to deliver better patient outcomes at a lower cost.
“We are honored that Everest Group recognizes us as a Major Contender
for digital engineering services in life sciences,” said Anthony Lange,
senior vice president, Life Sciences Group at Virtusa. “Life sciences is
one of the many industries undergoing transformation in this digital
age, and our organization has been successful in combining our industry
experience with next-generation technological capabilities to build
solutions that help our clients thrive despite the complexities they
face.”
Combining its consultative model with strong industry expertise, Virtusa
helps life sciences firms effectively leverage emerging digital
technologies to deliver differentiated customer experiences and drive
operational excellence at lower cost. Some of its client work includes:
-
Enabling real-time digital tracking of specimens across complex supply
chain for a prominent US-based medical technology company
-
Partnering with a leading multinational manufacturer of medical
devices to build a solution that enables on-demand virtual management
of surgically implanted spinal cord stimulators using AI-enabled-IoT
devices (such as a smartphone)
Virtusa’s acute understanding of the life sciences value chain, deep
knowledge of crucial technologies, and progress through initiatives such
as its Innovation Center of Excellence enable it to design and build
solutions that help companies succeed in a demanding ecosystem.
To access the full report, please visit: https://www2.everestgrp.com/reportaction/EGR-2017-11-GP-2492/Toc
For more information on Virtusa’s life sciences offerings, please visit: https://www.virtusa.com/industry/life-sciences/
About Virtusa
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of Digital
Business Transformation, Digital Engineering, and Information Technology
(IT) outsourcing services that accelerates our clients’ journey to their
Digital Future. Virtusa serves Global 2000 companies in Banking,
Financial Services, Insurance, Healthcare, Telecommunications, Media,
Entertainment, Travel, Manufacturing, and Technology industries.
Using a combination of digital strategy, digital engineering, business
implementation, and IT platform modernization services, Virtusa helps
clients execute successful end-to-end digital business transformation
initiatives.
Virtusa engages its clients to re-imagine their business models and
develop strategies to defend and grow their business by introducing
innovative products and services, developing distinctive digital
consumer experiences, creating operational efficiency using digital
labor, developing operational and IT platforms for the future, and
rationalizing and modernizing their existing IT applications
infrastructure. As a result, its clients are simultaneously able to
drive business growth through digital-first customer experiences, while
also consolidating and modernizing their IT application infrastructure
to support digital business transformation.
Holding a proven record of success across industries, Virtusa readily
understands its clients' business challenges and uses its domain
expertise to deliver innovative applications of technology to address
its clients’ critical business challenges. Examples include building the
world's largest property & casualty claims modernization program; one of
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.
Founded in 1996 and headquartered in Massachusetts, Virtusa has
operations in North America, Europe, and Asia.
© 2018 Virtusa Corporation. All rights reserved.
Virtusa, Accelerating Business Outcomes, BPM Test Drive and
Productization are registered trademarks of Virtusa Corporation. All
other company and brand names may be trademarks or service marks of
their respective holders.
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Source: Virtusa Corporation
Greenough
Amy Legere, 617-275-6517
alegere@greenough.biz