DUBAI, United Arab Emirates & WESTBOROUGH, Mass.--(BUSINESS WIRE)--Aug. 30, 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 as a Major Player
in the IDC MarketScape: Worldwide Bank Datacenter Transformation System
Implementation Services 2017 Vendor Assessment (Doc #US41074316, June
2017).
“This recognition aptly reinforces the trust our banking clients have
in our thought leadership and expertise to help them effectively
transform and manage their datacenters leveraging cloud,
containerization, OpenStack, and artificial intelligence,” said Suvrendu
Halder, head of Transformation and Operation Services for Banking and
Financial Services, Virtusa. “These services have enabled our clients to
design and build next generation data centers that are more adept to
hosting and supporting highly complex, integrated, and data-thirsty
digital platforms. Today’s banking needs a highly responsive Datacenter
and our leadership and reference architectures in this space helps our
clients to drive improved stability, accelerated deployments and higher
productivity, among other benefits.”
In the IDC MarketScape, Virtusa was rated highly in its focus on cost
management as a part of datacenter transformation.
The focus of Virtusa’s Infrastructure Management Services is to build a
nimble and responsive Infrastructure platform and simplify IT operations
by utilizing a powerful combination of technologies. Leveraging strong
domain knowledge in the banking space, combined with its elaborate
engineering heritage, the company focuses on delivering fast-tracked
value to its banking clients across the globe through:
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Artificial intelligence-based automated operations
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A robust CI/CD implementation framework that helps banks adopt newer
technologies with a considerably shorter turnaround
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An application-centric datacenter and Infrastructure design that
allows customers to enable Microservices and APIs which constitute the
foundational building blocks for successful large-scale digital
transformations
The IDC Financial Insights study uses the IDC MarketScape model to
provide an assessment of service providers participating in the digital
strategy consulting and agency services market with specific offers and
capabilities in datacenter transformation. This IDC MarketScape is an
evaluation based on a comprehensive framework and a set of parameters
that assesses providers relative to one another and to those factors
expected to be most conducive to success in this market over both the
short term and the long term.
“Datacenter operations has become a critical component in a bank’s
journey of transforming its operations," says Jerry Silva, research
director for IDC Financial Insights' Global Banking practice. "Because
of this, the need exists for a partner who can bring in the right domain
expertise and technology leadership to deliver business value. Through
the IDC MarketScape process, Virtusa emerged as a major player in this
space as the result of having demonstrated the strategies and
capabilities needed to lead datacenter transformation for its global
clients."
With domain expertise of more than 25 years in serving top clients,
Virtusa has delivered successful solutions that have transformed several
global banks, top brokerage firms, and card and payment providers.
Virtusa’s strong technology delivery and partnerships with leading
product vendors and innovative solutions in regulatory compliance,
product control, finance performance improvement, strategy, and business
performance improvement make Virtusa a service provider of choice.
For more information on the IDC MarketScape report, visit http://www.idc.com/getdoc.jsp?containerId=US41074316.
To learn more about Virtusa's infrastructure management services, please
visit http://www.virtusa.com/services/infrastructure-management/our-perspective/.
About IDC MarketScape
IDC MarketScape vendor analysis model
is designed to provide an overview of the competitive fitness of ICT
(information and communications technology) suppliers in a given market.
The research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a single
graphical illustration of each vendor’s position within a given market.
IDC MarketScape provides a clear framework in which the product and
service offerings, capabilities and strategies, and current and future
market success factors of IT and telecommunications vendors can be
meaningfully compared. The framework also provides technology buyers
with a 360-degree assessment of the strengths and weaknesses of current
and prospective vendors.
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 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.
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