Press Release

May 18, 2017

VirtusaPolaris recognized in Gartner Market Guide for Blockchain Consulting and Proof-of-Concept Development Services

WESTBOROUGH, Mass., – (May 18, 2017) – 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, has been included as a representative vendor in Gartner’s Market Guide for Blockchain Consulting and Proof-of-Concept Development Services. The report, published on February 22, 2017, explores options for understanding applicability and the potential impact of blockchain for organizations, and how they can identify potential partners.

According to Gartner, “the pool of experienced service providers for blockchain initiatives is small; it is particularly difficult to find service providers with experience in applying blockchain outside of financial services. Eighty percent of enterprise blockchain initiatives referred to in this research are in the banking and insurance service industry.”

“VirtusaPolaris’ inclusion in the Gartner Market Guide reinforces our position as a company leading the way in an emerging, still immature marketplace,” said Senthil Ravindran, Executive Vice President & Global Head, Fintech Lab, Banking and Financial Services, VirtusaPolaris. “Disruptive technologies like Blockchain bring forth tremendous opportunity as well as challenges. We have partnered with several forward-looking banks to help them leverage blockchain technology. Also, our lab works with cutting-edge technology firms to address the gaps in blockchain technology like privacy, scalability, etc.”

Leveraging its 25 years of experience and expertise in the banking and financial services industry, VirtusaPolaris has been helping banks and financial institutions accelerate their innovation process and effectively meet the challenges of digital disruption. The Blockchain Exploration Center, which is part of our FinTech Lab, provides an environment for our customers to ideate, run experiments and quickly turn ideas into MVPs (Minimum Viable Products). VirtusaPolaris has partnered with several technology companies, including DistributedID, Signix,,, and for its blockchain-related solution offerings.

Gartner Disclaimer

Gartner 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. For more information and to access the report (subscription required):


About Virtusa

Virtusa Corporation is a global provider of digital engineering and technology services and solutions for 2000 companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide. At Virtusa, digital engineering is at the heart of everything we do. We are 35,000 builders, makers, and doers that partner with customers to reimagine enterprises and creatively build solutions to the most pressing business challenges that move them to the forefront of their industries.

Virtusa’s unique “Engineering First” approach means never presenting an idea we can’t execute. With deep industry expertise and empowered agile teams made up of world-class talent, we think about execution early in the process, because the earlier you think about execution the earlier an idea can have an impact. Solving from the inside out enables businesses to respond swiftly to changing needs with improved quality, lower costs, and lasting results.

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:

Alex Nickols
+1 (415) 430-8056

Ron Favali
Conversion Marketing

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