Evaluation Based Upon Ability to Execute and Completeness of VisionWESTBOROUGH, Mass., (August 18, 2015) Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that it has been positioned by Gartner, Inc. in the niche player quadrant of the Magic Quadrant for IT Services for Communications Service Providers, Worldwide. The report evaluated Virtusa's leading IT services for Communications Service Providers (CSPs) within the company's Telecom and Media business unit*1.
Our industry is undergoing a significant transformation due to rapid expansion of non traditional competition as well as customer demand for personalized user experience, said Srinivasan Jayaraman, senior vice president and global head of Telecoms, Virtusa. We believe that our inclusion in the 2015 Gartner Magic Quadrant for IT Services for Communications Service Providers reaffirms the strong progress Virtusa has made over the past few years in growing our Telecoms practice by delivering significant business value to our clients. We could not have achieved this without the significant focus and investment by Virtusa's leadership and the dedication and commitment from each and every Virtusan within the Telco practice.As the top line revenues continue to decrease for communication service providers with the emergence of over-the-top (OTT) services, the need for a robust infrastructure setup to efficiently accommodate the emerging service trends has grown phenomenally. In addition, peak data traffic volumes put enormous pressure on the infrastructure leading to higher investment in CAPEX and OPEX.
Virtusa's telecom industry experience working with global tier-1 telecom companies equips us with the in-depth knowledge and expertise required to address even the most complex problems in the telecom domain.We are delighted to enter the list of companies selected to be represented in the Gartner Magic Quadrant for IT Services for Communications Service Providers, Worldwide. We believe that this recognition is a validation of our demonstrated ability to address business critical issues faced by Telco CXOs through innovative and differentiated solutions that accelerate business outcomes, including improved innovation velocity, enhanced customer experience, greater operating efficiencies and reduced business risks, said Praveen Purushotham, vice president and global head of marketing, Virtusa.
To learn more about Virtusa's capabilities, please visit: https://www.virtusa.com/industry/communications/
To download the complete report, please visit: http://ww2.Virtusa.com/VRTU_GartnerMagicQuadrant_Telecom
Gartner, Inc. Magic Quadrant for IT Services for Communications Service Providers, Worldwide, Jouni Forsman and Norbert J. Scholz, 22 July 2015Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Magic Quadrant
This Magic Quadrant represents a snapshot of the IT services market for CSPs at a particular point in time. While it may appear logical for readers to compare placement of vendors from prior years, Gartner advises against doing so, because: The market is changing - acquisitions, partnerships, solutions development, alternative delivery are all evidence of this change [and the] criteria for selecting and ranking vendors continue to evolve. Our assessment takes into account the vendors' current product offerings and overall strategies, as well as their future initiatives and product road maps. We also factor in how well vendors are driving market changes or adapting to changing market requirements. While market leaders offer the best combination of vision and execution, vendors that appear in the Challengers, Niche Players or Visionaries quadrants may offer a better match with a CSP's business goals and service requirements in a given situation.
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovative engineering. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.
Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive the business forward at unparalleled velocity enabled by a culture of cooperative disruption.
Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.
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