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Press Release

February 6, 2018

Everest Group Recognizes Virtusa as a Major Contender in its PEAK MatrixTM for Digital Services in Wealth Management


WESTBOROUGH, Mass., – (February 6, 2018)–Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients,today announced it has been named a Major Contender in Everest Group’s 2018 PEAK MatrixTM for Digital Services in Wealth Management. Virtusa was positioned as a Major Contender based on an evaluation of market impact measured through two dimensions: 1) Market adoption, portfolio mix, and value delivered; and 2) Vision and capability, measured vision and strategy, scope of services offered, innovation and investments, and delivery footprint. Out of 18 IT service providers showcased, Virtusa is one of 11 Major Contenders listed on the 2018 PEAK MatrixTM assessment for Digital Services in Wealth Management.

“We are excited to be recognized by Everest Group as a Major Contender in the 2018 Digital Services in the Wealth Management PEAK MatrixTMassessment,” said Bob Graham, global solutions head, Banking and Financial Services, Virtusa. “Wealth management is changing significantly as a result of technology disruption and a new generation of investors with expectations around providing best-in-class experiences and pricing, all of which are forcing businesses to provide data-driven personalization and self-service models across their services. Virtusa has been helping its wealth management clients leverage digital technologies to deliver personalized digital experiences and value as a trusted wealth management advisor to their customers.”

Virtusa’s expertise in digital technologies includes analytics, robotics, cognitive, and AI, and focuses on delivering value to its clients’ wealth management customers. Virtusa has been helping wealth management clients by delivering leading-edge solutions for over 20 years. As a result of continued developments in the digital space, the emergence of new entrants such as robo advisory firms, changes in demographics, and the adoption of disruptive technologies like blockchain, wealth management clients now face a very challenging landscape. Virtusa’s solutions, supported by its cloud-based fintech lab and leading consulting capabilities, prepares clients for success by directly addressing core needs such as legacy modernization, customer experience, data lineage and data strategy, and millennial solutions.

“Wealth management firms are facing diverse pressures such as fee compression, demand for superior digital experience, and increased scrutiny from regulators,” said Ronak Doshi, practice director, Everest Group. “Strong capabilities in front-office functions and a suite of digital solutions, backed by its engineering heritage have helped position Virtusa as a Major Contender on Everest Group’s Digital Services in Wealth Management PEAK MatrixTM assessment”

For more than 25 years, Virtusa has been helping its banking and financial services clients gain competitive advantage and a strong foothold in their markets by enabling them to innovate, drive efficiencies, improve performance, and transform their businesses.

To access the full report, please visit: https://www2.everestgrp.com/reportaction/EGR-2017-11-GP-2492/Toc

For more information on Virtusa’s wealth management offerings, please visit: https://www.virtusa.com/industries/banking-and-financial-services/segments/capital-markets/

 

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



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