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Press Release

Published: July 22, 2020
Virtusa Launches New Services that Balance the Need to Reduce Costs and Maintain Innovation

Enterprise Cost Optimization Targets Seven Key Areas

SOUTHBOROUGH, Mass. – (July 22, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced new enterprise cost optimization services that balance the need to reduce cost and remain competitive. 

Adverse global market conditions are impacting all industries forcing companies to focus strategically on cost-cutting, cost optimization, and value growth. Based on thousands of engagements with enterprise customers, Virtusa has developed a proven approach to reducing cost while maintaining innovation across several key industries, including Banking, Financial Services, Insurance, Healthcare, Life Sciences, Communications, Media, Entertainment, Travel, Manufacturing, and Technology. 

“Organizations have turned their focus to spend, both existing and planned, with higher scrutiny than ever before,” said Samir Dhir, president and head of Americas, Virtusa. “Initiatives that are proven to reduce operating costs are seeing a significant increase in activity among our clients. Leaders are keen to validate the incremental business value delivered from these initiatives, as well as the optimization of cost driven through automation and low-code models. Virtusa’s Enterprise Cost Optimization services help prioritize and restructure existing investments to deliver maximum value.”

These seven key capabilities – delivered through Virtusa’s Digital Transformation Studio, a proprietary platform and approach designed to increase the delivery speed and reduce the costs of business-critical digital transformation projects – include:

Smart Automation: Reduce costs through high-efficiency automation with little, to no, human error.

Workforce Optimization: Right-size and best-shore resources, including remoting through hyper-distributed agile.

Application Portfolio Rationalization: Identify application cost, simplify, and modernize application portfolios.

Cloud Migration: Leverage a pay-per-use subscription model and economies of scale, reduce complex operational management, and eliminate asset ownership.

Infrastructure Transformation: Eliminate hardware and software costs through re-platforming.

De-risk Non-strategic Vendors: Assimilate disparate teams provided by multiple suppliers into Virtusa’s unified SDLC framework, distributed Agile teams, and remote working solutions to improve productivity and effectiveness.

License and Cloud Consumption: Align spend to utilization and avoid over licensing.

Recognizing the need for flexibility, Virtusa offers innovative engagement options, including gain sharing and self-funding models.

For additional information, please visit virtusa.com

 

About Virtusa

Virtusa Corporation is a global provider of digital engineering and technology services and solutions for Forbes Global 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 30,000 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:

Matt Flannery
Edelman
(203) 856-2006
matt.flannery@edelman.com

 

About Virtusa

Virtusa Corporation is a global provider of digital engineering and technology services and solutions for Forbes Global 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 30,000 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:

Matt Flannery
Edelman
(203) 856-2006
matt.flannery@edelman.com

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