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Press Release

August 30, 2017

Virtusa Recognized as a Major Player for Worldwide Bank Datacenter Transformation System Implementation Services by IDC MarketScape

WESTBOROUGH, Mass., – (August 30, 2017) –Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, today announced that it has been positioned as a Major Player in the IDC MarketScape: Worldwide Bank Datacenter Transformation System Implementation Services 2017 Vendor Assessment (Doc #US41074316, June 2017).

“This recognition aptly reinforces the trust our banking clients have in our thought leadership and expertise to help them effectively transform and manage their datacenters leveraging cloud, containerization, OpenStack, and artificial intelligence.” said Suvrendu Halder, head of Transformation and Operation Services for Banking and Financial Services, Virtusa. “These services have enabled our clients to design and build next generation data centers that are more adept to hosting and supporting highly complex, integrated, and data-thirsty digital platforms. Today’s banking needs a highly responsive Datacenter and our leadership and reference architectures in this space helps our clients to drive improved stability, accelerated deployments and higher productivity, among other benefits.”

In the IDC MarketScape, Virtusa was rated highly in its focus on cost management as a part of datacenter transformation.

The focus of Virtusa’s Infrastructure Management Services is to build a nimble and responsive Infrastructure platform and simplify IT operations by utilizing a powerful combination of technologies. Leveraging strong domain knowledge in the banking space, combined with its elaborate engineering heritage, the company focuses on delivering fast-tracked value to its banking clients across the globe through:

 

  • Artificial intelligence-based automated operations
  • A robust CI/CD implementation framework that helps banks adopt newer technologies with a considerably shorter turnaround
  • An application-centric datacenter and Infrastructure design that allows customers to enable Microservices and APIs which constitute the foundational building blocks for successful large-scale digital transformations

The IDC Financial Insights study uses the IDC MarketScape model to provide an assessment of service providers participating in the digital strategy consulting and agency services market with specific offers and capabilities in datacenter transformation. This IDC MarketScape is an evaluation based on a comprehensive framework and a set of parameters that assesses providers relative to one another and to those factors expected to be most conducive to success in this market over both the short term and the long term.

“Datacenter operations has become a critical component in a bank’s journey of transforming its operations," says Jerry Silva, research director for IDC Financial Insights' Global Banking practice. "Because of this, the need exists for a partner who can bring in the right domain expertise and technology leadership to deliver business value. Through the IDC MarketScape process, Virtusa emerged as a major player in this space as the result of having demonstrated the strategies and capabilities needed to lead datacenter transformation for its global clients."

With domain expertise of more than 25 years in serving top clients, Virtusa has delivered successful solutions that have transformed several global banks, top brokerage firms, and card and payment providers. Virtusa’s strong technology delivery and partnerships with leading product vendors and innovative solutions in regulatory compliance, product control, finance performance improvement, strategy, and business performance improvement make Virtusa a service provider of choice.

For more information on the IDC MarketScape report, visit http://www.idc.com/getdoc.jsp?containerId=US41074316.

 

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.

 

Media Contact:

Matt Berry
Conversion Marketing
(201) 370-9133
matt@conversionam.com

Contact:
Ron Favali
Conversion Marketing
ron@conversionam.com
727-512-4490



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