SOUTHBOROUGH, Mass., (September 18, 2018) Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services that accelerates business outcomes for its clients, today announced that it has been named a Major Contender in Everest Group's 2018 PEAK MatrixTM for Digital Services in Life Sciences. Virtusa's market impact was assessed on two fronts: 1) Market adoption, portfolio mix, and value delivered; and 2) Vision and strategy, scope of services offered, innovation and investments, and delivery footprint. Out of the 23 IT service organizations evaluated, Virtusa was named one of the 14 major contenders listed on the 2018 assessment. North American life sciences enterprises are getting serious about digital transformation. A mix of market changes and demand dynamics which includes the acceleration of personalized medicine, a movement towards value-based care, evolving patient expectations, a boost from US tax reform, and the need for faster time to market is driving the change. With a focus on patient-centricity, connected wellness, and drug discovery, Virtusa is creating a forward-looking story for digital services in life sciences, said Nitish Mittal, practice director, Life Sciences IT Services at Everest Group.Virtusa's Life Sciences practice helps companies navigate the challenging landscape of drug pricing pressure, the patent cliff, increasingly stringent regulations, growth into emerging markets, and a shift to outcome-based payment structures. Virtusa focuses on developing and harnessing connected care platforms that are both data and AI-centered to deliver better patient outcomes at a lower cost.We are honored that Everest Group recognizes us as a Major Contender for digital engineering services in life sciences, said Anthony Lange, senior vice president, Life Sciences Group at Virtusa. Life sciences is one of the many industries undergoing transformation in this digital age, and our organization has been successful in combining our industry experience with next-generation technological capabilities to build solutions that help our clients thrive despite the complexities they face. Combining its consultative model with strong industry expertise, Virtusa helps life sciences firms effectively leverage emerging digital technologies to deliver differentiated customer experiences and drive operational excellence at lower cost. Some of its client work includes:
Virtusa's acute understanding of the life sciences value chain, deep knowledge of crucial technologies, and progress through initiatives such as its Innovation Center of Excellence enable it to design and build solutions that help companies succeed in a demanding ecosystem.To access the full report, please visit: https://www2.everestgrp.com/reportaction/EGR-2017-11-GP-2492/TocFor more information on Virtusa's life sciences offerings, please visit: https://www.virtusa.com/industry/life-sciences/