WESTBOROUGH, Mass.--(BUSINESS WIRE)--Oct. 4, 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 recognized among the leading
global financial technology providers in the 2017 IDC FinTech Rankings.
Virtusa was ranked 39th on the list, a significant increase
in its standing, compared to its position of 52nd in the 2016
IDC FinTech rankings.
“We are very pleased to be recognized by IDC as a top consulting and
IT outsourcing provider as it reflects our clients’ confidence in our
ability to deliver industry leading solutions,” said Bob Graham, global
solutions head, Banking and Financial Services, Virtusa. “The banking
industry is undergoing significant change brought about by technology
advances, continued regulatory change, globalization, and disruption
from fintech companies. Leveraging our deep domain expertise along with
our consulting services and our cloud-based Fintech Innovation Lab,
Virtusa is helping our clients develop approaches and implement
solutions that accelerate their banking innovations.”
The annual IDC FinTech Rankings categorize and evaluate the top global
providers of financial technology based on calendar year revenues from
financial institutions for hardware, software and/or services. These
providers supply the technological backbone of the financial services
industry, an industry which IDC Financial Insights forecasts worldwide
spending on IT across the globe to reach half a trillion dollars by
2018. In addition, these rankings serve as a critical tool for financial
services institutions to use during strategic planning, and to review
whenever considering new investments in third party solutions.
“A position on the IDC FinTech Rankings is a significant achievement,
demonstrating a fintech company’s commitment to the success of their
financial institution clients,” said Karen Massey, senior analyst at IDC
Financial Insights. “The IDC FinTech Rankings, now in its 14th
year, is the global industry standard who’s who of financial services
technology providers, and we congratulate the 2017 winners.”
With domain expertise of more than 25 years serving clients, Virtusa has
delivered successful solutions that have transformed several global
banks, top brokerage firms, and card and payment providers. Financial
services organizations rely on technology to gain competitive advantage
while focusing on creating distinctive millennial experiences for
customers and employees to help drive customer acquisition,
cross-selling, retention, and employee satisfaction. Through its
collaborative consultative approach, all-encompassing smart technology
(Fintech/X-Tech) labs with unique sandbox environments, and a nimble
team of experts, Virtusa enables clients to choose the right set of
technologies to address their business challenges and capitalize on
market opportunities.
To learn more about the 2017 IDC FinTech Rankings, visit: https://www.idc.com/prodserv/insights/#financial-fintech_rankings
For more information on Virtusa’s banking and financial services, visit: http://www.virtusa.com/industries/banking-and-financial-services/perspective/
To learn more about how Virtusa’s next-gen banking solutions and Fintech
Innovation Lab are making a difference to global financial institutions,
visit us at booth #K35, SIBOS 2017, Toronto; October 16-19 2017: http://www.virtusa.com/events/sibos2017
About IDC Financial Insights
IDC Financial Insights assists
financial service businesses and IT leaders, as well as the suppliers
who serve them, in making more effective technology decisions by
providing accurate, timely, and insightful fact-based research and
consulting services. Staffed by senior analysts with decades of industry
experience, our global research analyzes and advises on business and
technology issues facing the banking, insurance, and securities and
investments industries. International Data Corporation (IDC) is the
premier global provider of market intelligence, advisory services, and
events for the information technology market. IDC is a subsidiary of
IDG, the world’s leading technology, media, research, and events
company. For more information, please visit www.idc.com/financial,
email info@idc-fi.com, or call
508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial.
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 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