VirtusaPolaris Named a Star Performer in Everest Group’s PEAK Matrix™ for Application Outsourcing in Global Banking Servi...
September 26 2016 - 2:00AM
Business Wire
Status reinforces company’s focus and
commitment to deliver innovation and excellence to its clients
VirtusaPolaris, the market-facing brand of Virtusa Corporation
and Polaris Consulting & Services, Ltd., and a leading global
provider of information technology (IT) consulting and outsourcing
services, today announced it has been recognized by Everest Group,
an advisory and research firm, for its capabilities in Application
Outsourcing in Global Banking Services. For the third consecutive
year, VirtusaPolaris was named a “Major Contender” and specially
recognized as a “Star Performer” based on its relative year-on-year
movement in Everest Group’s PEAK Matrix™ for the Global Banking
Service Provider Landscape.
“The banking industry is seeing a seismic shift, largely due to
the impact of digital disruption and emerging new paradigms,” said
Jitin Goyal, president, Banking and Financial Services,
VirtusaPolaris & CEO, Polaris Consulting & Services, Ltd.
“Blockchain, Deep Learning & API Banking have the potential to
completely redefine the banking industry. Banks need help to be the
beneficiaries and not victims of this change. Being named a Star
Performer for global banking services is a testament to our vast
industry knowledge and extensive experience in helping our banking
clients survive and thrive by creating new efficiencies,
transforming operations and shaping and deploying innovative
products and services.”
“The disruption in the banking industry, which is driven by
global macroeconomic uncertainties, digitalization, and growth in
FinTech, is forcing service providers to focus beyond traditional
IT services in order to deliver breakthrough value to their
customers,” said Jimit Arora, partner, Everest Group. “A
synergistic merger – Virtusa’s strong customer-oriented delivery
capabilities and a strong suite of digital transformation offerings
complemented by Polaris’ deep domain expertise, strong systems
integration capabilities, and access to large banking accounts –
helped VirtusaPolaris position itself as a Star Performer and Major
Contender in the 2016 Everest Group Banking AO PEAK MatrixTM.”
Issued annually, the Everest Group study measures
service providers on their proprietary Performance, Experience,
Ability and Knowledge (PEAK) Matrix. Everest Group designates the
“Star Performers” title to providers that demonstrate the strongest
relative year-on-year movement on the PEAK MatrixTM.
VirtusaPolaris was positioned as a Major Contender based on
evaluation across two key dimensions: market success measured by
revenue, growth, and enterprise adoption; and delivery capability
measured by application outsourcing scale, scope, domain expertise
and innovation, delivery footprint, and buyer satisfaction focused
on banking. Furthermore, VirtusaPolaris was awarded Star Performer
status based on its relative year-on-year movement on the Global
Banking Service Providers PEAK MatrixTM.
With over 25 years of experience serving top clients,
VirtusaPolaris has delivered successful solutions that have
transformed several global banks, top brokerage firms, and card and
payment providers. Through its industry-leading business
consulting capabilities, cutting edge solutions, and
transformational technology expertise, VirtusaPolaris works with
banks and financial services firms to leverage digital disruption
to reinvent and transform themselves into market leaders.
To access the full report, click here:
https://research.everestgrp.com/Product/EGR-2016-11-R-1848.
For more information on VirtusaPolaris' solutions for banking
and financial services organizations, please visit
http://www.virtusapolaris.com/industries/banking-and-financial-services/perspective/
About VirtusaPolaris
VirtusaPolaris, the market-facing brand reflecting the combined
strengths of Virtusa Corporation and Polaris Consulting &
Services, Ltd. 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, media and entertainment.
VirtusaPolaris’ solutions address the CXOs’ dual challenge of
growing revenues while improving IT cost efficiencies.
VirtusaPolaris’ digital services leverage innovative new
technologies to reimagine the customer experience, increasing
retention and creating lasting value. VirtusaPolaris’ preemptive
outsourcing solutions help clients reduce risk and improve IT
operations.
VirtusaPolaris delivers services across the IT lifecycle,
including consulting, solution design, technology selection,
implementation, testing and maintenance & support, including
infrastructure support. Inheriting a strong heritage in software
engineering, VirtusaPolaris is highly qualified to both develop and
maintain software, using a proven platforming methodology and
advanced Agile and Accelerated Solution Design techniques to
reliably produce results on time and within budget.
Holding a record of success across industries and unparalleled
domain expertise, VirtusaPolaris understands clients’ business
challenges best and uses that to deliver distinctive,
differentiated and innovative application of technology to solve
those problems. Examples of large business transformations
completed include 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
transformations for media and banking companies.
Virtusa Corporation is headquartered in Massachusetts, and
together with Polaris, has 50 offices across North America, Europe
and Asia.
Polaris Consulting & Services Limited is a subsidiary of
Virtusa Corporation. Copyright © 2016 Virtusa Corporation. All
Rights Reserved.
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GreenoughAmy Legere, 617-275-6517alegere@greenough.biz
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