SOUTHBOROUGH, Mass. – (September 14, 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 that it had been named a Visionary in the Gartner Magic Quadrant for IT Services for Communications Service Providers, Worldwide.
This Magic Quadrant helps Communications Service Providers (CSPs) identify and evaluate suppliers to meet their IT services needs for both digital business transformation and traditional telecom IT. Gartner evaluated 13 CSP vendors in the report, and Virtusa was positioned as a Visionary based on its completeness of vision and ability to execute on this vision.
“CSPs are under tremendous pressures to maximize IT and network infrastructure investments while adapting to changing market conditions,” said Ravi Kumar Palepu, global head, technology, media, and telecommunications solutions, Virtusa. “We believe Virtusa named a Visionary in the 2020 Gartner Magic Quadrant for IT Services for CSPs further validates that Virtusa is uniquely positioned to challenge the current status quo to drive innovation across digital and networks and develop the services and cross-industry solutions for CSPs to monetize their assets.”
Virtusa helps CSPs increase revenues by addressing emerging service trends that leverage Artificial Intelligence (AI) and Machine Learning (ML), Augmented Reality (AR), Machine to Machine (M2M), and Internet of Things (IoT).
“Emerging digital service trends for CSPs have grown significantly, placing enormous pressures on existing infrastructure that leads to higher costs,” said Frank Palermo, EVP, technology, media, and telecommunications, Virtusa. “We are committed to delivering digital solutions that empower our clients to drive efficiency and develop new opportunities.”
The Virtusa offerings for CSPs are powered by the Virtusa iComms Marketplace, an intelligent ecosystem containing a proven set of business solutions, accelerators, tools, and resources designed to help telecommunications providers and partners accelerate time to market and encourage collaboration with clients and partners. Virtusa iComms makes it fast and easy for CSPs to quickly build and launch new services to capitalize on emerging trends and to grow new revenue streams.
Read the complimentary copy of the full Gartner Magic Quadrant for IT Services for Communications Service Providers, Worldwide report, published in September 2020, at virtusa.com/lnd/gartnermqcsp2020
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.
There are some monumental shifts underway in the telecommunications industry as we enter 2020. CSPs are being challenged to provide exceptional customer service while reducing OpEx. These pressures come at a time when CSPs all over the world are handling massive volumes of customer service calls around the clock, and while the number of virtual, physical and IoT devices are exploding.
The global telecommunications industry continues to evolve as we enter 2020. With legacy revenue streams under increasing pressure from over-the-top (OTT) players, communications service providers (CSPs) must find new ways of serving both their consumer and enterprise customers.
The global telecommunications industry landscape is changing faster than ever. Legacy revenue streams continue to face pressure from over-the-top (OTT) competitors, which is forcing Communications Service Providers (CSPs) to find new ways to better serve consumer and enterprise customers. While many have embraced digital transformation, the industry remains vulnerable to shifts including emerging technologies, nimble competitors and rising consumer expectations.
Read more in this article on The Fast Mode with Frank Palermo, Virtusa’s EVP of Tech, Media & Telco.
Virtusa named a Visionary in the Gartner Magic Quadrant for IT Services for Communications Service Providers, Worldwide.
This Magic Quadrant helps communications service providers identify and evaluate suppliers to meet their IT services needs for both digital business transformation and traditional telecom IT.
Virtusa Chairman and CEO Kris Canekeratne received the Sri Lanka Sikhamani, one of the most prestigious national awards the Sri Lankan government bestows upon individuals making significant contributions to the nation.
The Sri Lanka Institute of Directors (SLID) presented Virtusa Chairman and CEO Kris Canekeratne, with Sri Lanka's Young Director of the Year Award 2005 for "excellence in business strategy making".
Virtusa won a Pega Partner Excellence Award again at the Pegsystems Sales Conference, which took place in Pinehurst, North Carolina.
The Hyderabad Software Exporters Association (HYSEA) presented Virtusa with the HYSEA award for the Best Established Offshore Development Center at a ceremony held in Hyderabad on February 25, 2005. Virtusa won the award for its outstanding growth and contribution to the Hyderabad software arena during 2003-2004. Virtusa shares this award with Keane India Ltd.