2009 was a good year at Virtusa. Our progress was significant and our focus on accelerating business outcomes for our clients combined with outstanding service delivery has resulted in some of our major clients recognizing us as one of their strategic providers of IT services.
We continue to focus on our key practices and successfully deliver BPM, ECM and DW-BI solutions to clients across diverse industry verticals. The addition of the Insource team this year gives us the ability to take our expanded value proposition to existing and future clients in the insurance and healthcare industries to help extend their leadership positions.
We were very gratified to receive three exceptional awards last quarter; reinforcing our growing leadership as a global IT services company. Virtusa won the Information Management's Innovative Solution Award for Excellence in Enterprise Content Management, was named to Deloitte Technology Fast 500 in North America, and retained its position in Boston Business Journal's list of the "100 Fastest Growing Public Companies" in the Boston area.
On behalf of our global team, let me express my sincere thanks to our clients for your support in making this recognition possible. We have laid a strong foundation and now focus on making 2010 an even better year.
Wish you a peaceful and prosperous new year.
Sincerely, Kris Canekeratne
Chairman and CEO
Case Study
A Leading Telecommunications Company Streamlines Data Management for Faster Time-to-Market and Significant Cost Savings
Our client faced challenges in creating and modifying product data as information was scattered and hard-coded in a large number of systems. Virtusa partnered with the client to define and implement a single, enterprise-wide strategic product catalogue management solution (based on Oracle Fusion Suite) with the capability to automatically publish product specifications to all transactional and analytical systems.
The configurable, data-driven product catalogue, supporting an automatic publishing mechanism, led to dramatic improvements in data quality and time-to-market with a significant reduction in costs associated towards managing product data.
BIC CRM Offering for Retail banking: Turning data into actionable information
With data growing in volume across disparate data sources, retail banks are struggling with the unwieldy and relentless task of data acquisition and integration. As a result, information that should be speaking volumes about important trends and interrelationships sits idle and silent.
Learn how the Business Intelligence Center Solution for Retail Banking delivers business insight for better risk management and enlightened decision delivering ultimate business advantage.
More than 50% of BPM programs will fail by 2011 - Elise Olding, Gartner Research
More now than ever in these tight economic times, leading financial services companies are turning to business process management (BPM) as a means to accelerate time to market, increase operational efficiency and streamline IT. Gartner in fact predicts that investments in BPM will increase by over 500% by 2012.
Read more on how BPM programs can drive phenomenal benefits by allowing an organization to achieve dramatic gains in core process improvement, while at the same time accelerating IT's ability to deliver capabilities.
ECM Practice Releases Globalization, Enterprise 2.0 and ECM Migration Solution Accelerators
Virtusa has provided ECM services for over 10 years, gaining strong expertise from implementation of various ECM product suites. Virtusa releases three ECM solution accelerators that can help organization reach their organizational objectives quicker: Globalization Accelerator, Enterprise 2.0 Accelerator and ECM Migration Tool
These unique solutions are built to meet niche industry requirements, and are not available in off-the-shelf ECM products.
Information Management's Innovative Solution Award
Virtusa wins Information Management's Innovative Solution Award for Excellence in Enterprise Content Management. The annual awards recognize groundbreaking business solutions in eight categories, evaluating winners on their ability to provide exceptional business value and positively affect the bottom line.
Boston Business Journal's list of the "100 Fastest Growing Public Companies"
Virtusa named among Boston Business Journal's list of the "100 Fastest Growing Public Companies" in the Boston area. The Journal compiles its "100 Fastest Growing Public Companies" list annually and honors high-growth organizations across a variety of industries. (October 2009)
Deloitte ranks Virtusa in Technology Fast 500
The ranking recognizes fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. (October 2009).
Virtusa In News
Virtusa acquires InSource, LLC, experts in the Insurance and Healthcare domain
Virtusa today announced the acquisition of InSource, LLC, a privately-held technology consulting firm with domain expertise in the insurance and healthcare industries. Under the terms of the agreement, InSource will become a wholly owned subsidiary of Virtusa. InSource employs approximately 50 experienced practitioners specializing in program management and IT strategy.
Virtusa Launches Business Process Competency Center at Gartner Business Process Management Summit
Virtusa Corporation (NASDAQ: VRTU), a global IT services company that offers a broad spectrum of business consulting and outsourcing services, today introduced the Virtusa Business Process Competency Center (BPCC) at the Gartner Business Process Management (BPM) Summit.
Kris Canekeratne, Chairman & CEO, Virtusa Corp., on NASCOMM's Face to Face interview
Kris Canekeratne co-founded Virtusa in 1996 based on his core belief that software development practices could and should embrace the same efficiencies achieved by mature industries such as automotive and manufacturing. (November 2009).
Virtusa is a Gold Sponsor at IBM IOD event 2009
At the event, Virtusa's featured service offerings included our DataStage Upgrade, Informatica to DataStage Conversion, Cognos, BIC, ECM focused on FileNet and our MDM Offering. Ajoy Kumar, Associate Director (DW&BI), presented to the attendees at the conference on the customer pain points and needs, challenges for implementing BI solution and how Virtusa can be a valuable partner in their DW&BI implementation journey
Virtusa is a Bronze Sponsor at Open Text Content World 2009
Virtusa showcased high value ECM services at the event. Shane Closser, Global Director of Technology at Virtusa, presented a case study about the challenges faced by GE Healthcare while consolidating several hundred web sites into a single customer-facing portal on Vignette platform, and how Virtusa helped GE Healthcare implement best practices for site migration and website globalization.
Virtusa is a Sponsor at Gartner Symposium/ITxpo 2009
At the event, Virtusa showcased and featured our comprehensive services and expertise in BPM, ECM and DW/BI. The forum provided an opportunity for the senior IT executives to learn more about emerging technologies and trends, and how they can be leveraged to drive innovation, business optimization and competitive differentiation. This was the largest event of its kind on the European continent.
Virtusa partcipated at TM Forum Management World Americas 2009
At the event, Virtusa focused on communicating its services and capabilities in the multi-channel enablement of Customer Experience Management (CEM), through easy-to-use self-service channels and efficient issue resolution systems.
Virtusa has always taken a lead in being at the forefront in terms of proactively understanding the needs of our business and effectively balancing the interests of our stakeholders. Our human resource efforts are focused on creating an environment for our team members, which instills a sense of confidence, trust, motivation, recognition, and growth. We continue to invest in and refine many initiatives to accomplish these objectives.
Click here to know some of our initiatives taken towards creating a culture with great emphasis on teamwork, professional and personal development and quality of life.
Corporate Social Responsibility
Virtusans Whole-heartedly Contribute to Andhra Pradesh Flood Relief
Last month's rains and floods affected millions of people in Andhra Pradesh, India. Virtusa CSR team initiated a relief campaign, encouraging Virtusans to contribute and donate to the relief activities. The campaign received huge support from Virtusans who came forward whole heartedly and donated money and material. Subsequently, the collected materials, which included clothes, utensils, medicines and groceries, were handed over to an NGO - GOONJ. The NGO will be transporting and distributing the material to the flood affected people. Virtusa CSR team volunteers will be visiting the Mahbubnagar and Kurnool districts, the worst flood affected areas of the state, to understand and identify how the collected money can be utilized.
• 50% of #BPM projects fail. 5 tips for taking the gamble out of success from Virtusa's @DougMow http://ow.ly/Bohi
• Virtusa's Sumit Sood discusses how CIOs can balance competing demands to lower costs and innovate on the business front - http://ow.ly/F0Vo
