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Press Releases
PRESS RELEASE

Virtusa Demonstrates Cloud Technology and Industry Expertise with Google Cloud

Virtusa achieves 12 new Google Expertise designations, demonstrating our strong customer success with Google Cloud. Our cloud offerings support our clients’ adoption of cloud technologies to drive innovation, scalability, and agility across the enterprise. 

PRESS RELEASE

Virtusa iComms Marketplace to Help CSPs Quickly Assemble and Launch New Services

SOUTHBOROUGH, Mass. – (October 7, 2020) – Virtusa Corporation (NASDAQ GS:  VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, has unveiled Virtusa iComms, an intelligent marketplace for Communications Service Providers (CSPs) to innovate faster and build solutions that leverage Virtusa Intellectual Property (IP).

PRESS RELEASE

Virtusa Named a Leader in Digital Process Automation by Independent Research Firm

SOUTHBOROUGH, Mass. – (September 23, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced that Forrester Research has named Virtusa a Leader in The Forrester Wave™: Digital Process Automation Service Providers, Q3 2020 evaluation.

The Forrester Wave evaluates the most significant providers in the Digital Process Automation (DPA) marketplace and shows how each provider measures up against changing customer expectations to help technology and business decision makers select the right provider for their DPA low-code/no-code needs. Forrester evaluated 13 DPA Service Providers, and Virtusa was positioned as a Leader based on the scores in the current offering, strategy, and market presence categories.

According to the report, Virtusa leads process automation projects with a methodology to align delivery with application modernization. Its methodology assesses the existing technology landscape and includes enterprise architects in the delivery process to ensure technology alignment.

PRESS RELEASE

IMB Bank Selects Virtusa for Open Banking Compliance in Australia

SOUTHBOROUGH, Mass. – (September 21, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced that its CDR (Consumer Data Right) Solution has been selected by IMB Bank to assure the bank is compliant with the Australia Competition and Consumer Commission (ACCC) CDR regulations for open banking.

To support compliance by IMB Bank, Virtusa’s CDR solution leverages elements of its Open Innovation Platform (OIP) as well as components of WSO2 API Management and Identity & Access Management.

Through the CDR, the Australian Government has mandated that consumers have greater access to and control over their data. It will improve consumers’ ability to compare and switch between products and services and will encourage competition between service providers, leading not only to better prices for customers, but also more innovative products and services.

PRESS RELEASE

Virtusa Named a Visionary in Magic Quadrant for IT Services for Communications Service Providers, Worldwide

SOUTHBOROUGH, Mass. – (September 14, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced that it had been named a Visionary in the Gartner Magic Quadrant for IT Services for Communications Service Providers, Worldwide.

This Magic Quadrant helps Communications Service Providers (CSPs) identify and evaluate suppliers to meet their IT services needs for both digital business transformation and traditional telecom IT. Gartner evaluated 13 CSP vendors in the report, and Virtusa was positioned as a Visionary based on its completeness of vision and ability to execute on this vision.

PRESS RELEASE

Baring Private Equity Asia to Acquire Virtusa for $51.35 Per Share in All-Cash Transaction Valued at $2.0 Billion

SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Sep. 10, 2020-- Baring Private Equity Asia (“BPEA”), one of the largest and most established private alternative investment firms in Asia, and Virtusa Corporation (NASDAQ GS: VRTU) (“Virtusa” or the “Company”), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced the companies have entered into a definitive merger agreement under which funds affiliated with BPEA will acquire all outstanding shares of common stock of Virtusa for $51.35 per share in an all-cash transaction valued at approximately $2.0 billion.