Everest Group Recognizes Virtusa as a Major Contender in its PEAK Matrix™ for Digital Services in Life Sciences
September 18 2018 - 10:00AM
Business Wire
Virtusa Corporation (NASDAQ GS: VRTU), a global provider of
digital strategy, digital engineering, and IT outsourcing services
that accelerates business outcomes for its clients, today announced
that it has been named a Major Contender in Everest Group’s 2018
PEAK MatrixTM for Digital Services in Life Sciences. Virtusa’s
market impact was assessed on two fronts: 1) Market adoption,
portfolio mix, and value delivered; and 2) Vision and strategy,
scope of services offered, innovation and investments, and delivery
footprint. Out of the 23 IT service organizations evaluated,
Virtusa was named one of the 14 major contenders listed on the 2018
assessment.
“North American life sciences enterprises are getting serious
about digital transformation. A mix of market changes and demand
dynamics – which includes the acceleration of personalized
medicine, a movement towards value-based care, evolving patient
expectations, a boost from US tax reform, and the need for faster
time to market – is driving the change. With a focus on
patient-centricity, connected wellness, and drug discovery, Virtusa
is creating a forward-looking story for digital services in life
sciences,” said Nitish Mittal, practice director, Life Sciences IT
Services at Everest Group.
Virtusa’s Life Sciences practice helps companies navigate the
challenging landscape of drug pricing pressure, the patent cliff,
increasingly stringent regulations, growth into emerging markets,
and a shift to outcome-based payment structures. Virtusa focuses on
developing and harnessing connected care platforms that are both
data and AI-centered to deliver better patient outcomes at a lower
cost.
“We are honored that Everest Group recognizes us as a Major
Contender for digital engineering services in life sciences,” said
Anthony Lange, senior vice president, Life Sciences Group at
Virtusa. “Life sciences is one of the many industries undergoing
transformation in this digital age, and our organization has been
successful in combining our industry experience with
next-generation technological capabilities to build solutions that
help our clients thrive despite the complexities they face.”
Combining its consultative model with strong industry expertise,
Virtusa helps life sciences firms effectively leverage emerging
digital technologies to deliver differentiated customer experiences
and drive operational excellence at lower cost. Some of its client
work includes:
- Enabling real-time digital tracking of
specimens across complex supply chain for a prominent US-based
medical technology company
- Partnering with a leading multinational
manufacturer of medical devices to build a solution that enables
on-demand virtual management of surgically implanted spinal cord
stimulators using AI-enabled-IoT devices (such as a
smartphone)
Virtusa’s acute understanding of the life sciences value chain,
deep knowledge of crucial technologies, and progress through
initiatives such as its Innovation Center of Excellence enable it
to design and build solutions that help companies succeed in a
demanding ecosystem.
To access the full report, please visit:
https://www2.everestgrp.com/reportaction/EGR-2017-11-GP-2492/Toc
For more information on Virtusa’s life sciences offerings,
please visit: https://www.virtusa.com/industry/life-sciences/
About Virtusa
Virtusa 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.
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GreenoughAmy Legere, 617-275-6517alegere@greenough.biz
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