Company included for excellence in driving modernization in global financial services markets WESTBOROUGH, Mass., (October 29, 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 recognized by IDC Financial Insights in the 2015 FinTech Rankings Top 100. For the sixth consecutive year, Virtusa has been named to the list of the top 100 technology services providers to financial services companies. Virtusa was ranked 52, improving its position from last year's ranking of 55. The banking and financial services industry is undergoing significant changes and to remain a leader in the industry, organizations have to commit to disruptive thinking and digital transformation, said Sameet Gupte, global head of Banking and Financial Services at Virtusa. We're proud of this recognition and we believe it reflects our continued success and ability to help our clients re-imagine their business through innovation.With expertise from over 12 years of serving top clients, Virtusa's banking and financial services customers include nine of the top global banks, some of the top brokerage firms and several of the largest card and payment providers. Its strong technology delivery and partnerships, along with its innovative solutions in regulatory compliance, product control, finance performance improvement, strategy and business performance improvement make Virtusa a service provider of choice. The IDC Financial Insights FinTech Rankings information is used by executives globally to help them make critical investment decisions on the technologies that will transform their business. Being on the FinTech Rankings list confirms that the technology vendor has a proven track record for providing the solutions that institutions worldwide rely on to ensure success, said Jerry Silva, Global Banking Research Director, IDC Financial Insights.The FinTech Rankings measure the health and growth of the financial services industry. To determine the rankings, IDC Financial Insights evaluates the revenues of leading global technology and services providers against the overall financial services industry. Technology providers are categorized and evaluated based on calendar year revenues for hardware, software and/or service, measuring vendors that derive more than one-third of their revenue from financial institutions. In addition to the rankings, IDC Financial Services publishes a comprehensive report about the year's findings that has been vital to the decision making process of financial services institutions when considering new investments in third party vendor solutions.To see the final rankings, please see the special report issued on September 15, 2015 in Bank Systems & Technology.For more information on Virtusa's solutions for banking and financial services organizations, please visit https://www.virtusa.com/industry/bfs/
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.