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Press Release

Published: May 26, 2020

Virtusa and Mareana Partner to Optimize Supply Chains in Life Sciences

Deep Industry Insights and AI Technologies Shed New Light on Inefficiencies

SOUTHBOROUGH, Mass., (May 26, 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, announced today it is partnering with Mareana, a provider of enterprise-scale AI for supply chains, to help Life Sciences organizations optimize their supply chains. 

Life Sciences companies, including medical device and drug manufacturers, use complex systems, massive amounts of data, and must adhere to strict regulatory compliance issues to bring products to market. Disruptions, at any point in the supply chain, from unpredictable yields to natural disasters or other global events, can dramatically impact the time and cost of delivering approved products. 

Virtusa's deep Life Sciences experience combined with Mareana's qSuite AI, ML, and big data analytics offerings for Life Sciences supply chain, will help customers improve gross margins and working capital to streamline operations.

"By working together, Virtusa and Mareana can provide valuable insights to massive amounts of unstructured data, which has limited Life Sciences organizations’ ability to optimize their supply chain in the past,” said Anthony Lange, SVP, Healthcare and Life Sciences, Virtusa. "The qSuite platform addresses critical issues, providing previously hidden insights that create business value."

"Be it helping a pharmaceutical client comply with digitizing paper batch records, demystifying the causes of product discards, or a medical device company reduce inventory by extracting duplicate parts from engineering drawings, qSuite can bring fast and efficient solutions that are both operationally and financially significant," said Manish Varma, CEO, Mareana. “This partnership with Virtusa now provides a client footprint far greater than before to scale the qSuite platform and its benefits quickly."

Under this agreement, Virtusa and Mareana will work closely to provide the qSuite platform, a talent pool that helps client development and utilization, and a managed services model that can support the ongoing needs of the client more cost effectively.

 

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:

Alex Nickols
Edelman
+1 (415) 430-8056
Alex.Nickols@edelman.com

Alex Nickols

Edelman

+1 (415) 430-8056

Alex.Nickols@edelman.com

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