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 10 Sourcing Service Provider for the second consecutive quarter by Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company.
Virtusa was among the leading providers in The Breakthrough Top 10 Sourcing Standouts category for the Americas based on annual contract value (ACV) won over the last 12 months, according to the ISG Global Outsourcing Index®. Now in its 52ndconsecutive quarter, the ISG Outsourcing Index provides an independent quarterly review of the latest sourcing industry data and trends for enterprises, service providers, analysts and the media.
“We’re thrilled to be recognized by ISG as a Breakthrough Top 10 Sourcing Standout for the second time this year,” said Harsha Kumar, senior vice president, Outsourcing Transformation Services, Virtusa. “This recognition is the result of our success in helping our clients in their business transformation journey and enabling them to innovate and excel. Our outsourcing engagements are yielding results for our clients and enabling them to become more efficient, successfully mitigate risk, accelerate time to market, and reduce their overall costs.”
Using its enhanced global delivery model, innovative software platforming approach and industry expertise, Virtusa provides high-value IT services that enable its clients to achieve cost savings, enhance business performance, accelerate time-to-market, increase productivity and improve customer service. Virtusa’s IT Outsourcing framework deploys three key levers to eliminate, focus and reduce effort, improving IT efficiency through agile DevOps, increased automation and preemptive production operations. The company leverages the consulting and technology expertise of its Digital Solutions Group to help clients re-imagine their business, innovate digital channels and transform their enterprise services while simultaneously expanding their addressable market.
Virtusa has enabled its marquee clients across banking & financial services, insurance, healthcare, telecommunications, technology and media, to preempt incidents, reduce technical debt, and accelerate time to market. For instance, Virtusa partnered with a global telecommunications company to preempt production incidents by 67 percent; helped a leading ratings agency to reduce technical debt by 56 percent; and implemented agile DevOps for a global bank accelerating release cycles by 33 percent.
Virtusa’s inclusion in the ISG Outsourcing Index is based on data the company 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 at ISG. “Virtusa continues to establish itself as a leading and growing player in the global market for outsourcing services, based on its volume of business in relation to other industry providers.”