United States

Profile: Virtusa Corp (VRTU.O)

VRTU.O on Nasdaq

16 Aug 2019
Change (% chg)

$0.85 (+2.52%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Virtusa Corporation (Virtusa), incorporated on April 19, 2000, is an information technology services company. The Company's services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services. The Company's services enable its clients to accelerate business outcomes by consolidating, rationalizing and modernizing the clients' core customer-facing processes into one or more core systems. The Company delivers solutions through a global delivery model, applying advanced methods, such as Agile, a technique designed to accelerate application development. The Company also uses its consulting methodology, which it refers to as Accelerated Solution Design (ASD).

The Company supports the Chief Information Officers (CIOs) of its client organizations in solving their critical issues, including managing total cost of ownership, accelerating time-to-market, increasing productivity and managing the customer experience delivered by their organizations. The Company provides its IT services primarily to enterprises engaged in various industries, including communications and technology (C&T); banking, financial services and insurance (BFSI), and media and information (M&I).

Business and IT consulting services

The Company provides business and IT consulting services to assist its clients. The Company's business consulting services allow clients to mitigate risks and execute IT programs by enabling stakeholder alignment, formulating the business case and return on investment (ROI) and defining agreed-upon end outcomes using techniques, such as persona development, Day-in- the-life-of (DILO) journeys and rapid prototyping for each project. The Company also assists clients in assessing new approaches to manage revenue opportunities within existing markets, developing new products/solutions for existing and new markets and improving retention and share-of-wallet. The Company helps clients analyze business and/or technology problems, and identifies and designs platform-based solutions. The Company also assists its clients in planning and executing their IT initiatives and transition plans.

The Company's business and IT consulting services include Assessment and Planning Services, Architecture and Design Services and Governance-related Services. The Company offers various Assessment and Planning Services, including application inventory and portfolio assessment; business/technology alignment analysis; business process optimization, and quality assurance process consulting. The Company provides Architecture and Design Services, such as accelerated solution design, enterprise architecture analysis, technology roadmaps, product evaluation and selection, and business process analysis and design. The Company offers Governance-related Services, which include program governance and change management, program management planning and complex program management.

Technology implementation services

The Company's technology implementation services involve building, testing, deploying, maintaining and supporting IT applications, and consolidating and rationalizing its clients' existing IT applications and environments into platforms. The Company assists its clients' CIOs in making the right decisions on technology platform selection, support the implementation of core application systems and help solve critical business problems. The Company's Technology implementation services include Development Services, Legacy Asset Management Services, Information Management Services and Testing Services. The Company offers various Development Services, including application development, package implementation and integration, software product engineering, application maintenance and support, business process management services, Customer relationship management (CRM) implementations, systems applications and products (SAP) implementations, customer experience and content management services, enterprise mobility services, cloud computing and social media solutions. It provides Legacy Asset Management Services, such as systems consolidation and rationalization, technology migration and porting, and Web-enablement of legacy applications. The Company's Information Management Services include data management services; business intelligence, reporting and decision support; master data management; data integration, and big data analytics. The Company's Testing Services include software quality assurance and managed testing services.

Application outsourcing services

The Company provides a set of IT application outsourcing services that enable it to provide support for the clients' needs to manage and maintain their software applications and platforms. The Company's application outsourcing services include application and platform management, infrastructure management and software quality assurance management services. It offers application and platform management services, such as production support, maintenance and enhancement of custom-built and package-based applications, and ongoing software engineering services for software companies. The Company provides Infrastructure Management Services, such as systems administration, database administration and monitoring. The Company offers Software Quality Assurance Management Services, including outsourcing of quality assurance planning; preparation of test cases, scripts and data, and execution of test cases, scripts and data. The Company is also investing in offshore global delivery centers to provide infrastructure management services (IMS) and IT support related services to its clients, helping them manage their IT operations through an offshore outsourced model.

Global delivery model

The Company provides its services through a global delivery model that leverages an onsite-to-offshore service delivery mix and tools and processes to manage and accelerate delivery, foster innovation and promote continual improvement of outcomes delivered to its clients. Its onsite teams are generally composed of program and project managers, industry experts and senior business and technical consultants. Its offshore teams are generally composed of project managers, technical architects, business analysts and technical consultants. Its global delivery model is built over its global innovation process (GIP), which is a software lifecycle methodology that combines its experience building platform-based solutions for global clients with industry standards, such as rational unified process, eXtreme programming, capability maturity model and product line engineering. By leveraging GIP templates, tools and artifacts across diverse disciplines, such as requirements management, architecture, design, construction, testing, application outsourcing and production support, each team member is able to leverage software engineering and platforming practices and extend these benefits to clients.

Platforming approach

The Company applies its platforming approach across the IT consulting, technology implementation and application outsourcing services to rationalize IT application portfolios. As part of the Company's platforming approach, it assesses the clients' application environments to identify common elements, such as business processes and rules, technology frameworks and data. The Company incorporates those common elements into one or more application platforms that can be leveraged across the enterprise to build, enhance and maintain existing and future applications in a leaner environment.

Core solutions

The Company uses business consulting methodologies, such as ASD to help clients improve accuracy and scope of the solution being delivered, align organizational stakeholders on common, shared objectives, and accelerate the solution development process. The Company provides various core solutions across IT and business consulting, technology and application outsourcing areas, such as IT and Business Consulting, Platforming, Solutions and Application Outsourcing. Its IT and Business Consulting includes ASD and business process re-engineering. It is engaged in Platforming, such as lean outcomes, and one process, one platform. Its solutions include business process management, enterprise content management, data warehousing and business intelligence, mobility and cloud computing. The Company's Application Outsourcing includes quality assurance testing and managed services.

Transformational solutions

The Company acts as trusted advisors to its clients, combining the core services with industry specialization, to deliver transformational solutions that help position the clients' businesses for competitive advantage in their chosen markets. The Company's transformational solutions across IT and business consulting, platforming, technology and application outsourcing areas include IT and Business Consulting, including domain solutions, business process re-engineering and program management; Platforming, such as global platforms; Solutions, such as claims management, policy administration, client lifecycle management, know your customer, regulatory and compliance, billing systems and customer experience management, and Application Outsourcing for application support and maintenance platforms.

Millennial solutions

The Company's millennial solutions enables its clients to harness technology advances in mobility, social media, cloud computing and big data analytics to modernize their IT application environments and enable their businesses to capitalize on the millennial consumer demand and expectations. The Company offers various solutions, which enable its clients to address or serve the millennial generation, including IT and Business Consulting, such as gap analysis and consumer experience solutions; Platforming, such as application modernizations; Solutions, such as mobility, cloud computing, big data, social media, speed data and service oriented architecture, and Application Outsourcing, such as millennial tech labs and round the clock managed services.

The Company competes with Cognizant Technology Solutions Corporation, HCL Technologies Limited, Infosys Technologies Limited, Capgemini Service SAS, Tata Consultancy Services Limited, Tech Mahindra Limited, Wipro Limited, Accenture PLC., Capgemini Service SAS, Computer Sciences Corporation, Deloitte Consulting LLP, SapientNitro and IBM Global Services Consulting.

Company Address

Virtusa Corp

132 Turnpike Rd
SOUTHBOROUGH   MA   01772-2129
P: +1508.3897300
F: +1508.3669901

Company Web Links