WESTBOROUGH, Mass.--(BUSINESS WIRE)--
Corporation (NASDAQ: VRTU), a global business consulting and IT
outsourcing company that combines innovation, technology leadership and
industry solutions to transform the customer experience, today announced
that it has been named a Top 20 Outsourcing Service Provider by
Information Services Group (ISG), a leading technology insights, market
intelligence and advisory services company.
Virtusa was among the leading IT Outsourcing (ITO) providers based on
total annual contract value (ACV) for the fourth quarter and the full
year of 2013, according to the ISG Global Outsourcing Index. Now in its
45th consecutive quarter, the ISG Outsourcing Index provides a quarterly
review of the latest sourcing industry data and trends for enterprises,
service providers, analysts and the media.
This was the fourth consecutive quarter Virtusa was recognized by the
ISG Outsourcing Index as being among the leaders in ACV in the ITO
space, as the company continued to sign on a significant number of new
deals in the past year.
“We are delighted to be listed among the world’s top ITO service
providers as measured by the ISG Index,” said Kris Canekeratne, chairman
and CEO at Virtusa. “Our innovative business consulting and IT
outsourcing solutions and services are highly targeted towards helping
our clients innovate new solutions, improve efficiencies and reduce
enterprise risks. This recognition is the result of our leadership
position in the industries we serve and the innovative excellence of our
global team members on large outsourcing engagements.”
Virtusa was cited for its strong growth, particularly in areas including
banking and financial services, telecommunications and healthcare. Its
inclusion in the ISG Outsourcing Index is based on data Virtusa submits
to ISG each quarter.
“For more than a decade, the ISG Outsourcing 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 of ISG. “Virtusa continues to establish itself as a
leading and growing player in the global market for ITO services, based
on its volume of business in relation to other industry providers.”
Virtusa uses its enhanced global delivery model, innovative software
platforming approach and industry expertise to serve Global 2000
companies and leading software vendors in banking & financial services,
insurance, telecommunications, healthcare, technology and media,
information & education industries. Virtusa helps its clients enhance
business performance, accelerate time-to-market, increase productivity
and improve customer service. The company provides innovative solutions
and services related to Big Data, mobility, BPM, CEM, millennial
enablement, business consulting, SAP, enterprise information management,
independent software quality, enterprise IT services and cloud.
About Information Services Group
Information Services Group
(ISG) (NASDAQ: III) is a leading technology insights, market
intelligence and advisory services company, serving more than 500
clients around the world to help them achieve operational excellence.
ISG supports private and public sector organizations to transform and
optimize their operational environments through research, benchmarking,
consulting and managed services, with a focus on information technology,
business process transformation, program management services and
enterprise resource planning. Clients look to ISG for unique insights
and innovative solutions for leveraging technology, the deepest data
source in the industry, and more than five decades of experience of
global leadership in information and advisory services. Based in
Stamford, Conn., the company has more than 800 employees and operates in
21 countries. For additional information, visit www.isg-one.com.
Virtusa provides end-to-end information
technology (IT) services to Global 2000 companies. These services, which
include IT consulting, application maintenance, development, systems
integration and managed services, leverage a unique Platforming
methodology that transforms clients’ businesses through IT
rationalization. Virtusa helps customers accelerate business outcomes by
consolidating, rationalizing, and modernizing their core customer-facing
processes into one or more core systems.
Virtusa delivers cost-effective solutions through a global delivery
model, applying advanced methods such as Agile and Accelerated Solution
Design to ensure that its solutions meet the clients’ requirements. As a
result, its clients simultaneously reduce their IT operations cost while
increasing their ability to meet changing business needs.
Founded in 1996 and headquartered in Massachusetts, Virtusa has
operations in North America, Europe, and Asia.
© 2011 - 2014 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.
Jessica Boardman, 617-275-6514
Source: Virtusa Corporation