Acquisition expands Virtusa’s European presence to support growing demand for business transformation, modernization and cost optimization initiatives

SOUTHBOROUGH, Mass., April 4th, 2024 -- Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services, today announced the acquisition of ITMAGINATION Sp. z o.o., a premier technology consultancy headquartered in Warsaw, Poland. This strategic move reflects Virtusa's commitment to enhancing its digital transformation offerings and expanding its nearshore delivery capabilities.

Founded in 2008, ITMAGINATION has established itself as a trusted partner for organizations seeking innovative solutions to complex business challenges. With a focus on digital transformation, cloud computing, data analytics, and artificial intelligence, ITMAGINATION has earned a reputation for delivering tailored technology solutions that drive business growth and efficiency for clients across Europe and North America.

The acquisition of ITMAGINATION significantly strengthens Virtusa's capabilities in offering advanced nearshore delivery in Poland, leveraging the country’s large tech talent pool and strong engineering culture and proficiency, which is reflected in its high rankings in proficiency indices. By combining Virtusa's deep domain expertise and global delivery model with ITMAGINATION’s technical excellence and strong local presence in Europe, the combined entity is poised to offer enhanced value to clients seeking to accelerate their digital transformation journeys.

"We are excited to welcome ITMAGINATION to the Virtusa family. Their deep technical expertise and strong track record of delivering transformative digital solutions align perfectly with Virtusa's vision of empowering businesses to thrive in the digital age. Together, we will be better positioned to address the evolving needs of our clients and drive innovation at scale." said Santosh Thomas, Chief Executive Officer at Virtusa.

Dawid Łaziński, Co-Founder of ITMAGINATION, added, "Joining forces with Virtusa represents an exciting opportunity for ITMAGINATION to amplify our impact, reach, and advance our mission to accelerate innovation. Together, we will leverage our combined strengths and fields of expertise to deliver even greater value to our clients, helping them navigate the complexities of digital transformation and achieve their business objectives."

The alignment between Virtusa and ITMAGINATION is apparent in the companies’ missions - Virtusa's Engineering First approach and ITMAGINATION’s mission to Accelerate Innovation. Thanks to some of Europe’s top tech talent, this partnership will help our clients leverage the best technology in the most efficient way to streamline their operations, solve their toughest business challenges, and achieve bold transformation.

The financial details of the transaction are not being disclosed.

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