Virtusa Corporation (NASDAQ GS: VRTU), a global provider of
digital strategy, digital engineering and IT outsourcing services
that accelerates business outcomes for its clients, announced today
that it has signed a Strategic Collaboration Agreement (SCA) with
Amazon Web Services (AWS). The intent of the agreement is to
provide enterprise customers with transformative and sustainable
benefits such as rationalization, technical debt elimination,
automation, and modernization to reduce costs and increase
velocity.
"By working together, we believe we can address the increasing
customer demand for cloud transformation expertise in industry
verticals such as financial services, healthcare, life sciences and
more to create significant value for all parties in the process,”
said Terry Wise, global vice president of Channels and Alliances,
Amazon Web Services, Inc. “Virtusa is a valued member of the AWS
Partner Network (APN) and the SCA deepens the relationship between
our two organizations to provide more value to our customers.”
“While the capture, storage, and processing of real-world data
from patients has become technologically feasible, concerns over
how to best utilize this data, both ethically and legally, in
research programs continues to create challenges for the industry,”
said Daniel H. Robertson, PhD, vice president of Digital Technology
and director of the Applied Data Sciences Center for the Indiana
Biosciences Research Institute (IBRI). “By leveraging AWS, Virtusa
was able to provide us with an environment where we can test the
value of synthetic data on Virtusa’s vLife open innovation platform
powered by AWS. This allows us to access some of the best
technology, including synthetic data, to accelerate research for
disease understanding, leading to potential new therapies and
digital diagnostics.”
“As a firm, our roots and ethos are deep in software
engineering. With our deep domain and digital engineering
expertise, combined with AWS’s strong technology, we can help
customers accelerate time-to-market and reduce costs for their
enterprises. Over the years, Virtusa’s global clients have
benefited from the relationship between AWS and Virtusa, and with
this SCA, they can reap countless new benefits,” said Samir Dhir,
president at Virtusa. “Our program with IBRI is only one example of
how we are working with clients to solve complex industry issues.
We have also solved similar issues for companies in other
industries, such as banking, insurance, media, communication, info
services, healthcare and life sciences. We look forward to a
continued collaboration with AWS and our clients in all industries,
to drive transformation efforts across cloud adoption and
innovation, and to help them stay competitive in this
technology-led world.”
Under this SCA, Virtusa and AWS will work closely to develop a
greater talent pool through extensive training and certification of
Virtusa associates on AWS technologies. Another critical tenet of
the SCA is to build solutions to help clients drive their digital
transformation and adopt cloud at a much faster pace, enabling them
to innovate in an agile environment. Virtusa’s strong domain
expertise in financial services, healthcare, life sciences,
communication and media industries, combined with AWS’s innovative
technology, will provide customers in all industries with better
solutions to their business challenges.
For more information on vLife, please go to:
https://www.virtusa.com/vlife/
For more information on the partnership between AWS and Virtusa,
please go to: https://www.virtusa.com/partner/aws/
About VirtusaVirtusa Corporation (NASDAQ GS: VRTU) is a
global provider of Digital Business Transformation, Digital
Engineering, and Information Technology (IT) outsourcing services
that accelerates our clients’ journey to their Digital Future.
Virtusa serves Global 2000 companies in Banking, Financial
Services, Insurance, Healthcare, Telecommunications, Media,
Entertainment, Travel, Manufacturing, and Technology
industries.
Using a combination of digital strategy, digital engineering,
business implementation, and IT platform modernization services,
Virtusa helps clients execute successful end-to-end digital
business transformation initiatives.
Virtusa engages its clients to re-imagine their business models
and develop strategies to defend and grow their business by
introducing innovative products and services, developing
distinctive digital consumer experiences, creating operational
efficiency using digital labor, developing operational and IT
platforms for the future, and rationalizing and modernizing their
existing IT applications infrastructure. As a result, its clients
are simultaneously able to drive business growth through
digital-first customer experiences, while also consolidating and
modernizing their IT application infrastructure to support digital
business transformation.
Holding a proven record of success across industries, Virtusa
readily understands its clients' business challenges and uses its
domain expertise to deliver innovative applications of technology
to address its clients’ critical business challenges. Examples
include building the world's largest property & casualty 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.
Founded in 1996 and headquartered in Massachusetts, Virtusa has
operations in North America, Europe, and Asia.
© 2018 Virtusa Corporation. All rights reserved.
Virtusa, Accelerating Business Outcomes, BPM Test Drive and
Productization are registered trademarks of Virtusa Corporation.
All other company and brand names may be trademarks or service
marks of their respective holders.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181126005038/en/
Amy LegereGreenoughalegere@greenough.biz(617)
275-6517
Virtusa (NASDAQ:VRTU)
Historical Stock Chart
From Aug 2024 to Sep 2024
Virtusa (NASDAQ:VRTU)
Historical Stock Chart
From Sep 2023 to Sep 2024