Virtusa Corporation (NASDAQ: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that it has been named a Top 20 Outsourcing Service Provider by Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company.
Virtusa was among the leading IT Outsourcing (ITO) providers based on total annual contract value (ACV) for the fourth quarter and the full year of 2013, according to the ISG Global Outsourcing Index. Now in its 45th consecutive quarter, the ISG Outsourcing Index provides a quarterly review of the latest sourcing industry data and trends for enterprises, service providers, analysts and the media.
This was the fourth consecutive quarter Virtusa was recognized by the ISG Outsourcing Index as being among the leaders in ACV in the ITO space, as the company continued to sign on a significant number of new deals in the past year.
“We are delighted to be listed among the world’s top ITO service providers as measured by the ISG Index,” said Kris Canekeratne, chairman and CEO at Virtusa. “Our innovative business consulting and IT outsourcing solutions and services are highly targeted towards helping our clients innovate new solutions, improve efficiencies and reduce enterprise risks. This recognition is the result of our leadership position in the industries we serve and the innovative excellence of our global team members on large outsourcing engagements.”
Virtusa was cited for its strong growth, particularly in areas including banking and financial services, telecommunications and healthcare. Its inclusion in the ISG Outsourcing Index is based on data Virtusa submits to ISG each quarter.
“For more than a decade, the ISG Outsourcing Index has been the authoritative source for marketplace intelligence related to outsourcing transaction structures and terms, industry adoption, geographic prevalence and service provider performance,” said Paul Reynolds, chief research officer of ISG. “Virtusa continues to establish itself as a leading and growing player in the global market for ITO services, based on its volume of business in relation to other industry providers.”
Virtusa uses its enhanced global delivery model, innovative software platforming approach and industry expertise to serve Global 2000 companies and leading software vendors in banking & financial services, insurance, telecommunications, healthcare, technology and media, information & education industries. Virtusa helps its clients enhance business performance, accelerate time-to-market, increase productivity and improve customer service. The company provides innovative solutions and services related to Big Data, mobility, BPM, CEM, millennial enablement, business consulting, SAP, enterprise information management, independent software quality, enterprise IT services and cloud.