Company byte: Virtusa corporation

Virtusa Corporation is a global provider of information technology consulting and outsourcing services that accelerates business outcomes for its clients. As of 20 October, 2017, the company has a market capitalisation of US$1.117 billion.

Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of information technology (IT) consulting and outsourcing services that accelerate outcomes for businesses in banking, insurance, healthcare, telecommunications, technology, and media & entertainment.

Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of information technology (IT) consulting and outsourcing services that accelerate outcomes for businesses in banking, insurance, healthcare, telecommunications, technology, and media & entertainment.

The company supports Forbes Global 2000 clients across large, consumer facing industries like Banking & Financial Services, Insurance, Healthcare, Communications, and Media & Entertainment, as they look to improve their business performance through accelerating revenue growth, delivering compelling consumer experiences, improving operational efficiencies, and lowering overall IT costs.

Virtusa provides services across the entire spectrum of the IT services lifecycle, from strategy & consulting, to technology & user experience design, development of IT applications, systems integration, testing & business assurance, and maintenance and support services, including infrastructure and managed services.

Its services leverage the company’s consulting approach and unique platforming methodology to transform its clients’ businesses through the use of technology and domain knowledge to solve critical business problems.

Virtusa’s services aims to enable clients to accelerate business outcomes by consolidating, rationalising and modernising their core customer facing processes into one or more core systems.

The company offers cost-effective solutions through a global delivery model, applying advanced methods such as Agile, an industry standard technique designed to accelerate application development.

Developers at Virtusa’s new technology centre in Singapore. Photo: Virtusa (2017).

Developers at Virtusa’s new technology centre in Singapore. Photo: Virtusa (2017).

Its consulting methodology – which the company refers to as Accelerated Solution Design (“ASD”) – is a collaborative decision-making and design process performed with the client, to ensure its solutions meet the client’s specifications and requirements.

Its business transformational solutions combine deep domain expertise with its strengths in software engineering and business consulting to support its clients’ business imperative initiatives across business growth and IT operations.

Virtusa supports the chief executive officers (“CXOs”) of its client organisations, including the chief information officers (“CIOs”), chief technology officers (“CTOs”), chief operating officers (“COOs”), and chief digital/ marketing officers (“CDOs/ CMOs”) in solving their most critical issues.

These include reducing total cost of ownership, accelerating time-to-market, increasing productivity, improving innovation velocity, expanding into adjacent markets and/or new revenue segments, and enhancing the customer experience delivered by their organizations.

The company’s digital transformation and innovation (“DTi”) solutions support the business growth imperative by offering targeted and differentiated solutions that help clients expand their addressable markets as well as develop go-to-market strategies supporting new revenue streams.

To improve IT efficiencies and reduce the cost of IT operations, Virtusa uses its operational excellence (“OE”) basket of solutions to help clients consolidate applications into platforms, rationalise IT infrastructure, and deliver transformational, industry-focused solutions.

This enables clients to deliver modern, efficient and agile enterprise application platforms.

Virtusa’s deep expertise in core technology services allows the company to help clients lower total cost of ownership of their overall IT investments.

Project discussion at Virtusa. Photo: Virtusa (2017).

Project discussion at Virtusa. Photo: Virtusa (2017).

Virtusa also combines industry specialisation with its core services to deliver high impact solutions in critical business functions that help clients transform their business performance and gain competitive advantage in the markets in which they operate.

The fourth industrial revolution (“4IR”), driven by the convergence of technology innovation, changing consumer expectations, supply chain expansion, and emergence of disruptive start-ups,is fundamentally changing the way businesses operate.

Presentation at Virtusa. Photo: Virtusa (2017).

Presentation at Virtusa. Photo: Virtusa (2017).

Virtusa operates in markets and industries where the combination of a growing millennial population and rapid advances in key technologies like mobility, big data analytics, social media and cloud computing are providing disruptive opportunities for progressive business leaders to break down barriers and expand market-share.

Virtusa enables its clients to leverage technology innovations to provide the distinctive millennial customer experiences demanded by digital consumers who are increasingly looking for services that are available 24×7 without interruption, location aware and highly customised to their social likes and dislikes.

As part of its DTi solutions, Virtusa provides end-to-end consulting, user experience design, technology selection, as well as implementation and support services, which allow clients to understand emerging consumer demand in their markets of operation and develop/execute a roadmap to transform their business and enhance their competitive differentiators.

Commoditisation of IT services and the emergence of as-a-service models are putting tremendous pressure on IT organisations to improve the way they manage IT operations and lower the overall cost of IT.

Virtusa’s OE solutions enable clients to improve operational and IT efficiencies through the innovative use of automation, effort compression and IT simplification.

New advances in areas such as internet of things (“IoT”), artificial intelligence (“AI”), machine learning (“ML”), and robotics process automation (“RPA”) are now pushing the boundaries of how technology can disrupt traditional business models and deliver significant value in several areas.

These include delivering new products and services, enhancing consumer experience and improving operational efficiencies of the business.

Virtusa has invested in developing deep capabilities in these new areas, fostering a strong partner ecosystem and building a rich platform for nurturing innovation and rapidly constructing prototypes that use IoT, AI and/or RPA to solve specific business problems for clients.

Updated: 23 October, 2017

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