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 ISGISG (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 VirtusaVirtusa 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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GreenoughAmy Legere,
617-275-6517alegere@greenough.biz
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