Virtusa Corporation (NASDAQ GS: VRTU), a global provider of
digital strategy, digital engineering, and IT outsourcing services
that accelerates business outcomes for its clients, today announced
that it has been recognized as one of the leading global financial
technology providers in the 2018 IDC FinTech Rankings. Virtusa was
ranked 30th on the list, a major jump from its 39th position in the
2017 IDC FinTech Rankings.
“We are very pleased to be recognized by IDC as a top consulting
and IT outsourcing provider, as it reflects our clients’ confidence
in our ability to deliver industry-leading solutions,” said Bob
Graham, executive vice president and global head—solutions,
Virtusa. “The banking environment today is undergoing unprecedented
change driven by a combination of disruptive technologies,
innovation, and competition from FinTechs, shifting demographics,
and changes in regulations. Leveraging our deep domain expertise
along with our consulting services and our cloud-based Open
Innovation Platform, Virtusa is helping our clients develop
approaches and implement solutions that accelerate banking
innovation.”
The Fortune 500–style ranking categorizes and evaluates top
global providers of financial technology based on calendar year
revenues from financial institutions for hardware, software, and
services. These providers supply the technological backbone of the
financial services industry, an industry for which IDC Financial
Insights forecasts worldwide spending on IT across the globe to
reach half a trillion dollars by 2020.
To thrive in a digital economy, financial services organizations
must embrace innovative, cutting-edge technology and integrate it
effectively to enhance the customer experience and achieve
operational excellence. Virtusa Corporation and the vendors
featured on the IDC FinTech Rankings are recognized for their
commitment to helping financial institutions successfully execute
their digital transformation initiatives for the betterment of
their customers around the world. IDC Financial Insights publishes
a comprehensive report about the year's findings that is available
to view or download HERE.
“A place on the IDC FinTech Rankings is a significant
accomplishment, demonstrating a provider’s commitment to the
success of its financial institution clients,” states Karen Massey,
research manager at IDC Financial Insights. “The IDC Fintech
Rankings, now in its 15th year, is the global industry standard
register of financial services tech providers, and we congratulate
the 2018 winners.”
With more than 25 years of industry experience, Virtusa has
become the partner of choice for banks and financial services
firms, helping them navigate the challenges of digitally
transforming while also driving operational excellence and cost
efficiency. It supports a large number of banking and financial
services clients across North America, Europe, Asia Pacific, and
Australia, including more than half of the top 30 global banks and
many of the top national and regional institutions for the
countries Virtusa works in. Virtusa’s dedicated banking and
financial services practice covers retail banking, corporate
banking, capital markets, cards and payments, and risk and
compliance. Virtusa’s industry-leading digital engineering
capabilities include mobile, data, cloud, UX, microservices, and AI
and robotics, all of which have been recognized by key analysts and
experts. Through its consultative approach, Virtusa’s teams deliver
transformational, cost-takeout solutions that accelerate the
achievement of measurable results for IT and business
operations.
For more information on Virtusa’s banking and financial
services, visit: http://www.virtusa.com/perspective-cat/bfs/
To learn more about how Virtusa’s next-gen banking solutions are
making a difference to global financial institutions, visit us at
booth #G60, Level 1, ICC at SIBOS 2018, Sydney; October 22-25,
2018: https://www.virtusa.com/events/sibos2018/
About IDC Financial Insights
IDC Financial Insights assists financial service businesses and
IT leaders, as well as the suppliers who serve them, in making more
effective technology decisions by providing accurate, timely, and
insightful fact-based research and consulting services. Staffed by
senior analysts with decades of industry experience, our global
research analyzes and advises on business and technology issues
facing the banking, insurance, and securities and investments
industries. International Data Corporation (IDC) is the premier
global provider of market intelligence, advisory services, and
events for the information technology market. IDC is a subsidiary
of IDG, the world’s leading technology, media, research, and events
company. For more information, please visit www.idc.com/financial,
email info@idc-fi.com, or call 508-620-5533.
About Virtusa
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of
Digital Business Transformation, Digital Engineering, and
Information Technology (IT) outsourcing services that accelerates
our clients’ journey to their Digital Future. Virtusa serves Global
2000 companies in Banking, Financial Services, Insurance,
Healthcare, Telecommunications, Media, Entertainment, Travel,
Manufacturing, and Technology industries.
Using a combination of digital strategy, digital engineering,
business implementation, and IT platform modernization services,
Virtusa helps clients execute successful end-to-end digital
business transformation initiatives.
Virtusa engages its clients to re-imagine their business models
and develop strategies to defend and grow their business by
introducing innovative products and services, developing
distinctive digital consumer experiences, creating operational
efficiency using digital labor, developing operational and IT
platforms for the future, and rationalizing and modernizing their
existing IT applications infrastructure. As a result, its clients
are simultaneously able to drive business growth through
digital-first customer experiences, while also consolidating and
modernizing their IT application infrastructure to support digital
business transformation.
Holding a proven record of success across industries, Virtusa
readily understands its clients' business challenges and uses its
domain expertise to deliver innovative applications of technology
to address its clients’ critical business challenges. Examples
include building the world's largest property & casualty claims
modernization program; one of the largest corporate customer
portals for a premier global bank; an order to cash implementation
for a multinational telecommunications provider; and digital
transformation initiatives for media and banking companies.
Founded in 1996 and headquartered in Massachusetts, Virtusa has
operations in North America, Europe, and Asia.
© 2018 Virtusa Corporation. All rights reserved.
Virtusa, Accelerating Business Outcomes, BPM Test Drive and
Productization are registered trademarks of Virtusa Corporation.
All other company and brand names may be trademarks or service
marks of their respective holders.
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GreenoughAmy Legere,
617-275-6517alegere@greenough.biz
Virtusa (NASDAQ:VRTU)
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