Press Release

August 10, 2016

NelsonHall Report Identifies Virtusa as a Leader in Internet of Things (IoT) Services

WESTBOROUGH, Mass., – (August 10, 2016)Virtusa Corporation (NASDAQ GS: VRTU), a global business consultingand IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that NelsonHall’s 2016 IoT Vendor Evaluation and Assessment Tools (NEAT) report positions the company as a leader in IoT services in the ‘New Business Model Development’ market segment. The report analyzes and identifies the overall performance of vendors offering Internet of Things (IoT) services, with a specific focus on applications services, secure infrastructure management and new business model development.

Virtusa leverages its domain and technology expertise to provide end-to-end cognitive and IoT solutions to large enterprises and Fortune 500 organizations across industries like Banking and Financial services, Insurance, Healthcare & Lifesciences, Telecom, Media and Entertainment. The company leverages a unique delivery model to manage the complexities involved in hardware, firmware, software and prototyping. Collaborating with their clients in a true sense, Virtusa helps teams conduct market research and utilize its consulting expertise to co-create and finalize solutions.

“Virtusa positions its IoT business around its application development and engineering capabilities,” said Mike Smart, a research analyst at NelsonHall and the author of the report. “Through its ideation services and the ability to offer AI, robotics and machine learning as part of its IoT ecosystem, Virtusa is able to develop strong business cases for clients to develop IoT solutions.”

Virtusa’s IoT practice has a strategic partnership with a number of academic institutions, select device manufacturers and several emerging and leading IoT technology companies that help it rapidly deliver innovative solutions.

“We are proud of NelsonHall’s recognition of our broad IoT capabilities,” said Frank Palermo, global Digital Solutions group head at Virtusa. “Leveraging our innovative engineering heritage, we developed our IoT capabilities to support and anticipate the needs of our clients as they navigate the changing technology market. Our clients distinctively benefit from our SMART Transformation Frameworkand Skylab Reference architecture Platform, which enable them to quickly deploy IoT solutions and prototypes.”

Virtusa’s IoT approach is based on the SMART framework which enables organizations to successfully adopt and implement IoT through a holistic, business-driven approach and a strong focus on operational excellence.

“As the Internet of Things transitions from concept to reality, we have worked with our clients to enable them to take advantage of new technologies to accelerate their businesses,” said Kartik Iyengar, SVP IoT & Project SkyLab, Virtusa. “This honor from NelsonHall reemphasizes our dedication to helping our clients not only leverage the devices that make up the Internet of Things, but use the connected network that is the true advantage of IoT.”

On March 3, 2016, Virtusa Corporation acquired a majority interest in Polaris Consulting & Services Limited. VirtusaPolaris, our new market-facing brand, represents the combined strengths of Virtusa and Polaris, including our strong software engineering heritage, deep domain expertise and focus on applying innovation to solving critical core business issues for clients.

For more information on NelsonHall’s Internet of Things report 2016, visit

To view more information on Virtusa’s IoT Practice, visit

About NelsonHall:

NelsonHall is the leading BPS and IT services research firm with analysts in the U.S., U.K., and Continental Europe. The company takes a global approach to analysis of vendors and outsourcing markets and is widely respected for the quality and depth of its research. With its “Speed-to-Source” initiative, NelsonHall is helping buy-side organizations significantly reduce the time and cost associated with BPS and ITS sourcing projects.


About Virtusa

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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Alex Nickols
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Ron Favali
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