IT Outsourcing in Capital Markets – Service Provider Landscape with PEAK Matrix
Virtusa Named Emerging Player in Everest Group’s PEAK Matrix for Large Capital Markets Application Outsourcing Relationships
Everest Group evaluated 23 global large capital market service providers in the recently released report and has named Virtusa as an Emerging Player in large capital markets application outsourcing relationships by Everest Group, an advisory and research firm on global services. Virtusa has been positioned by Everest Group in this category for the first time in the PEAK matrix assessment 2014.
The in-depth report, issued annually, measures service providers on its proprietary Performance, Experience, Ability and Knowledge (PEAK) Matrix. According to the report, Everest Group highlighted Emerging Players combining strong nearshore advantage capabilities, management attention and business knowledge with the ability to demonstrate flexibility in engagements. Virtusa is helping transform today’s financial services firms into tomorrow’s market leaders by combining deep industry experience with innovative solutions and accelerated execution capabilities that leverage a global model to help clients succeed.
Over the last four years, Virtusa has established itself as business and technical experts in equities/fixed income trade processing, asset management trade-life cycle platforms management, treasury operations and regulatory compliance. The company boasts strong competencies in niche areas and services clients across a variety of key financial centers, including the Scandinavian region. Clients rely on Virtusa’s business/domain focused approach and the company’s unique digital enabled millennial strategy to generate sharper outsourcing options resulting in a more strategic, efficient and reliable business model.
Developed by Everest Group, a global consulting and research firm, the PEAK (Performance, Experience, Ability, Knowledge) Matrix is a framework that assesses the relative market success and overall capability of service providers in various industries. This particular PEAK Matrix positions the world’s leading capital Markets AO market leaders based on performance, experience, ability and knowledge. Service providers undergo a rigorous assessment and are positioned on the PEAK Matrix based on evaluation across two key dimensions including market success – measured by the number, scale and growth of capital Markets AO contracts, and delivery capability – measured by scale of operations, scope, enabling domain investments, delivery footprint and buyer satisfaction.