Acquisition expands Virtusa's offerings with solutions-based approach for customers

SOUTHBOROUGH, Mass., Feb. 8, 2024 -- Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services, today announced an expansion to its business solutions portfolio through the acquisition of BRIGHT, one of the largest elite partners to ServiceNow & Splunk in EMEA. This acquisition will enable Virtusa to deliver business solutions to its existing customer base and expand its European presence.

"ServiceNow is truly excited about Virtusa's strategic acquisition of Bright Consulting. We have seen the impact of their innovation for customer outcomes and are thrilled that this acquisition expands Virtusa's reach into the European market. The solution-focused use of our Now platform by both Virtusa and Bright Consulting is further evidence that our partner ecosystem is the key for digital enterprise transformation across the globe." said Erica Volini, SVP of Global Partnerships & Channels, ServiceNow. "We look forward to continuing to elevate our partnership in the coming years."

With a diverse workforce of ServiceNow and Splunk experts, BRIGHT has a proven track record of building digitalization, security, observability, SecOps, and AI & ML analytics solutions, enabling enterprise transformation for leading global enterprises. Their end-to-end delivery approach, with a focus on consultancy, design, implementation, support, and continuous improvement, allows them to go beyond standard features and build custom solutions to deliver flawless digital experiences.

"The synergies between our team's end-to-end approach, our focus on innovation, and our commitment to becoming an extension of our client's teams will solidify us as the partner of choice for digital transformation initiatives powered by Splunk and ServiceNow," said Santosh Thomas, Chief Executive Officer at Virtusa.

The alignment between Virtusa and BRIGHT will ensure that organizations get the most out of their ServiceNow and Splunk investments. Rooted in Virtusa's Engineering First approach, 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.

"BRIGHT was looking for a strategic partner to speed up its growth in Europe, and I am positive that joining forces with Virtusa will bring joint opportunities to scale. With our shared values on innovation, trust, and delivering high quality solutions, I am sure we can make a positive impact on our customers' business," said Angel Kanchev, Chief Executive Officer and Founding Partner at BRIGHT.

The acquisition of BRIGHT will enhance Virtusa's existing service offerings and capabilities in ServiceNow and Splunk, especially in Europe. Apart from a variety of capabilities across various ServiceNow products, BRIGHT is strong in the legacy to ServiceNow transformation, SecOps, and observability domains. BRIGHT has innovative and industry-centric solutions that complement Virtusa's strategy to build domain and business-centric solutions. With combined thought leadership and a platform-centric approach, this partnership will provide state-of-the-art solutions for our clients.

The financial details of the transaction are not being disclosed.

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