WESTBOROUGH, Mass.--(BUSINESS WIRE)--Sep. 19, 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 Top 15 Sourcing Standout by
Information Services Group (ISG), a leading global technology research,
market intelligence, and advisory firm.
Virtusa was among the leading providers in The Breakthrough Top 15
Sourcing Standouts for the Americas, Europe, Middle East and Africa
(EMEA) and the Asia Pacific regions based on annual contract value (ACV)
won over the last 12 months, according to the Q2 2017 Global ISG Index™.
Now in its 59th consecutive quarter, the ISG Index™ provides an
independent quarterly review of the latest sourcing industry data and
trends.
“There is a seismic change happening in the IT outsourcing industry,
with businesses looking for ways to break away from the traditional
model, and moving towards applying automation and digital technology
innovation to transform their businesses,” said Praveen Purushotham,
global head of Marketing, Virtusa. “We are seeing increased demand for
our transformational solutions and services due to our differentiated
value proposition. Our IT outsourcing solutions and services address our
clients’ strategic business goals of reducing operational costs and
risk, while significantly improving IT support for emerging business
demands. This recognition from ISG reinforces Virtusa’s reputation as a
trusted partner providing best-in-class execution on large digital
platforms and innovative thought leadership for clients across multiple
industries.”
Virtusa's digital transformation and 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.
Each quarter, ISG names the top 15 commercial providers in the Big 15
(revenues of more than $10 billion), Building 15 (revenues between $1
billion and $10 billion) and Breakthrough 15 (revenues of less than $1
billion) categories in the Americas, EMEA and Asia Pacific regions. Each
Top 15 category includes providers that compete in the traditional
sourcing market, as well as those that compete in the as-a-service
market, including IaaS and SaaS providers. Virtusa’s inclusion in the
ISG Index™ is based on data the company submits to ISG each quarter.
“For nearly 15 years, the ISG Index™ has been the authoritative
source for marketplace intelligence related to outsourcing transaction
structures and terms, industry adoption, geographic prevalence, and
service provider performance,” said Paul Reynolds, chief research
officer at ISG. “Virtusa continues to establish itself as a leading and
growing player in the global market for IT consulting and outsourcing
services, based on its volume of business in relation to other industry
providers.”
Through its enhanced global delivery model, proven software platforming
approach, and overall industry expertise, Virtusa provides high-value IT
services that enable its clients to innovate and reimagine their
businesses, achieve cost savings, enhance business performance,
accelerate time-to-market, increase productivity, and improve customer
service. Virtusa’s unique outsourcing model, based on the
Preempt-Accelerate-Compress framework, drives significantly improved
outcomes — specifically across such industry verticals as banking and
financial services (BFS), healthcare, and insurance — compared to
traditional outsourcing models.
Earlier this year, Virtusa was recognized as an Outsourcing Leader by
IAOP® in its 2017 Global Outsourcing 100 list. Reinforcing its
market-leading position as a preferred IT outsourcing partner to global
clients, Virtusa received an “All Star Company” distinction from IAOP®
for the company’s size and growth, customer references, awards and
certifications, programs for innovation, and programs for corporate
social responsibility.
About ISG
ISG (Information Services Group) (NASDAQ: III) is
a leading global technology research and advisory firm. A trusted
business partner to more than 700 clients, including 75 of the top 100
enterprises in the world, ISG is committed to helping corporations,
public sector organizations, and service and technology providers
achieve operational excellence and faster growth. The firm specializes
in digital transformation services, including automation, cloud and data
analytics; sourcing advisory; managed governance and risk services;
network carrier services; technology strategy and operations design;
change management; market intelligence and technology research and
analysis. Founded in 2006, and based in Stamford, Conn., ISG employs
more than 1,300 professionals operating in more than 20 countries — a
global team known for its innovative thinking, market influence, deep
industry and technology expertise, and world-class research and
analytical capabilities based on the industry’s most comprehensive
marketplace data. For more information, visit www.isg-one.com.
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