WESTBOROUGH, Mass., – (May 31, 2016) – VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd. and a leading worldwide provider of information technology (IT) consulting and outsourcing services, today announced it has been named a Top 10 Outsourcing Service Provider by Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company.
VirtusaPolaris was among the leading providers in The Breakthrough Top 10 Sourcing Standouts for both the Americas and Europe, the Middle East and Africa (EMEA) based on annual contract value (ACV) won over the last 12 months, according to the 1Q 2016 Global ISG Outsourcing Index®. Now in its 54th consecutive quarter, the ISG Outsourcing Index® provides an independent quarterly review of the latest sourcing industry data and trends for enterprises, service providers, analysts and the media.
“We are proud to be recognized by ISG as a Breakthrough Top 10 Sourcing Standout for the fourth consecutive quarter,” said Sreekanth Lapala, senior vice president and global head, Transformational Outsourcing Solutions, VirtusaPolaris. “Our outsourcing capabilities continue to make strong impacts and produce visible results for our clients, enabling them to be more efficient and cost-efficient. This recognition is spurred from our efforts to help clients stand out in terms of innovation and excellence.”
Using its enhanced global delivery model, innovative software platforming approach and industry expertise, VirtusaPolaris provides high-value IT services that enable its clients to achieve cost savings, enhance business performance, accelerate time-to-market, increase productivity and improve customer service. Its unique outsourcing model, based on the Preempt-Accelerate-Compress framework,drives significantly improved outcomes compared to traditional outsourcing models.
VirtusaPolaris’ inclusion in the ISG Outsourcing Index® is based on data the company 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 at ISG. “VirtusaPolaris continues to establish itself as a leading and growing player in the global market for information technology (IT) consulting and outsourcing services, based on its volume of business in relation to other industry providers.”
Reinforcing its leadership position in the IT Outsourcing space, the company was also recently recognized as an Outsourcing Leader by the International Association of Outsourcing Professionals® (IAOP®).
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 and global leadership in information and advisory services. Based in Stamford, Conn., the company has more than 1,000 employees and operates in 21 countries. For additional information, visit www.isg-one.com.
VirtusaPolaris, the market-facing brand reflecting the combined strengths of Virtusa Corporation and Polaris Consulting & Services, Ltd. is a global provider of information technology (IT) consulting and outsourcing services that accelerate business outcomes for Global 2000 companies and leading software vendors in banking and financial services, insurance, healthcare, telecommunications, technology, media and entertainment.
VirtusaPolaris’ solutions address the CXOs’ dual challenge of growing revenues while improving IT cost efficiencies. VirtusaPolaris’ digital services leverage innovative new technologies to reimagine the customer experience, increasing retention and creating lasting value. VirtusaPolaris’ preemptive outsourcing solutions help clients reduce risk and improve IT operations.
VirtusaPolaris delivers services across the IT lifecycle, including consulting, solution design, technology selection, implementation, testing and maintenance & support, including infrastructure support. Inheriting a strong heritage in software engineering, VirtusaPolaris is highly qualified to both develop and maintain software, using a proven platforming methodology and advanced Agile and Accelerated Solution Design techniques to reliably produce results on time and within budget.
Holding a record of success across industries and unparalleled domain expertise, VirtusaPolaris understands clients’ business challenges best and uses that to deliver distinctive, differentiated and innovative application of technology to solve those problems. Examples of large business transformations completed include the world’s largest P&C claims modernization program, one of the largest corporate customer portals for a premier global bank, an order to cash implementation for a multinational telecommunications provider, and digital transformations for media and banking companies.
Virtusa Corporation is headquartered in Massachusetts, and together with Polaris, has 50 offices across North America, Europe and Asia.
Polaris Consulting & Services is asubsidiary of Virtusa Corporation. Copyright © 2016 Virtusa Corporation. All Rights Reserved.
Global Head of Media Relations