WESTBOROUGH, Mass.--(BUSINESS WIRE)--Aug. 17, 2017--
Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and
IT outsourcing company that accelerates business outcomes for its
clients, today announced that it has been positioned by Gartner, Inc. in
the Visionary quadrant of the 2017 Magic Quadrant for IT Services for
Communications Service Providers (CSPs), Worldwide. The report,
published on July 19, 2017, evaluated Virtusa along with 16 other CSPs.
Virtusa is the only company positioned in the Visionary section of the
Magic Quadrant.
According to Gartner, “This edition of the Magic Quadrant project
demonstrates that communications service providers (CSPs) are continuing
with various transformation projects as compared with previously seen
business process outsourcing (BPO) or simple application
development/maintenance outsourcing.” Gartner adds, “This scenario makes
the role of IT services providers important from CSPs' future readiness
perspective.”
“In recognizing us as a visionary in this year’s Magic Quadrant,
Gartner is affirming that we are at the forefront of helping our clients
reimagine their business and establish themselves as undisputed leaders
in the markets they serve,” said Srinivasan Jayaraman, global head of
Communications, Media, Information and Entertainment (CMIE), Virtusa.
“We have worked closely with our CSP clients on their journeys to
digitally transform their business and achieve competitive advantage.
They are partnering with Virtusa to help accelerate innovation velocity,
and use technology and domain solutions effectively to support business
growth and enhance consumer experience. We leverage our product
engineering heritage and ‘Telco of the Future’ innovation labs, along
with a business consulting-led approach and strong partner ecosystem, to
build targeted industry solutions to meet these and other CSP business
goals.”
Virtusa’s telco labs empower CSPs to bring customers and partners
together through a single platform, enabling them to jumpstart their
transformation processes while providing opportunities to co-create and
co-innovate across such areas as blockchain, analytics and artificial
intelligence (AI). Currently, Virtusa is driving several large digital
transformation programs, leveraging customer and digital maturity
indexes, customer experience assessment frameworks, SDLC automation,
benchmarking tools, and solution accelerators, through wireline and
wireless technologies developed in its telco labs. By leveraging the
innovative capabilities of the telco labs, CSPs can develop necessary
expertise to deliver their concepts to market quickly while reducing
their transformation cycle time by 50 percent.
For the IT Services for CSPs Magic Quadrant, Gartner evaluated vendors
with expertise in discrete and multi-year engagements around operational
IT in a multiregional context. The assessment evaluates vendors’ current
offerings and overall strategies, as well as their future initiatives
and product roadmaps. The report was compiled by analysts Jouni Forsman,
Norbert J. Scholtz and Amresh Nandan.
“The Gartner Magic Quadrant recognition clearly validates the trust
our clients have in our ability to successfully partner with them in
their business transformation journeys,” said Praveen Purushotham,
global head of Marketing, Virtusa. “We believe telco businesses are in
front of a huge opportunity to leverage vast amounts of data available
to them to disrupt the way communications services are built and
delivered. Leveraging our deep heritage in software engineering,
investments in domain and technology innovation, we are in a unique
position to help our clients effectively manage the technology
sophistication required to digitally transform their businesses, explore
new and adjacent business models, and deliver compelling customer
experiences.”
Virtusa’s notable work for telco clients includes creating a digital
overlay program supporting global enterprise customers, re-platforming
technology stacks for multi-country roll-outs, and building omnichannel
platforms providing personalized customer experiences through
analytics-based segmentation and targeted offerings. In working with
these strategic initiatives, Virtusa also ensures a greater focus is
placed on both accelerating time-to-market and cost reduction by driving
automation, developing lean agile and DevOps tools and methodologies,
and digitizing systems through cloud enablement, and enabling zero
manual touch across systems.
To learn more about Virtusa’s Telecom capabilities, please visit: http://www.virtusa.com/industries/telecom/perspective/
To understand more about what Gartner says regarding evolving IT
services needs of communications service providers and different vendors
in the area, download the report here.
* Gartner “Magic Quadrant for IT Services for Communications Service
Providers, Worldwide” Jouni Forsman et al, 19 July 2017
Gartner Disclaimer
Gartner does not endorse any vendor,
product or service depicted in its research publications, and does not
advise technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist of
the opinions of Gartner's research organization and should not be
construed as statements of fact. Gartner disclaims all warranties,
expressed or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular purpose. For
more information and to access the report (subscription required),
please visit https://www.gartner.com/doc/3615133/market-guide-blockchain-consulting-proofofconcept.
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 create 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, Asia-Pacific and
Australia.
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