Virtusa Corporation
Company typePrivate[1]
IndustryInformation technology services
Founded1996; 28 years ago (1996)
FoundersKris Canekeratne
Tushara Canekeratne
John Gillis
Sandy Gillis
Headquarters
Southborough, Massachusetts
,
United States
Area served
Worldwide
Key people
Santosh Thomas (CEO)
ServicesDigital engineering, IT consulting, business consulting, application development, product development, legacy asset management
RevenueIncrease US$ 1.8 Billion (2023)
Increase US$ 72 million (2023)
Total assetsIncrease US$ 1.337 billion (2020)[2]
Total equityIncrease US$ 397 million (2020)[2]
Number of employees
Increase 35,000 (2023)[2]
ParentBPEA[2]
Websitewww.virtusa.com
Footnotes / references
[2]
Virtusa at Orion City Sri Lanka

Virtusa Corporation is an American-based global information technology services company that provides digital engineering and technology services for companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide. Virtusa's capabilities range across digital transformation, artificial intelligence, cloud computing, robotics, data analytics, and other technology consulting services to customers in 25+ countries in 50+ locations around the globe.

Virtusa is headquartered in Southborough, Massachusetts, with several delivery centers in India and Sri Lanka with the ones in Hyderabad, Chennai and Colombo being the largest. In February 2021, Baring Private Equity Asia acquired the company for US$2 billion.[3]

History

Virtusa was co-founded in 1996 by Kris Canekeratne and served as the company’s chairman until his departure in 2021. He served as CEO from 1996-1997 and again from 2000-2021.Canekeratne stepped down as CEO in May 2021, and his seat as chairman of the board was filled by Sander van‘t Noordende.[4]

Acquisitions

Operations

On 29 March 2018, Virtusa had around 20,000 employees.[13]

With offices throughout US, Europe and Asia, and advanced development centers in the United States, Europe and Asia.[14]

Competition

Some of its key competitors in the offshore IT services industry include Infosys, Wipro, Cognizant, Tech Mahindra, Mphasis, HCL and Tata Consultancy Services.

Offices

References

  1. ^ "Baring Private Equity Asia Completes Acquisition of Virtusa". 11 February 2021.
  2. ^ a b c d e "Virtusa Corporation 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  3. ^ "Baring Private Equity Asia Completes Acquisition of Virtusa" (Press release). Business Wire. February 11, 2021.
  4. ^ Novinson, Michael (2021-05-07). "Virtusa Founder, CEO Kris Canekeratne To Exit After 25-Year Run". CRN. Retrieved 2023-11-11.
  5. ^ "Acquisition For Virtusa". American City Business Journals. November 6, 2009.
  6. ^ a b "Virtusa Completes ConVista Buy". Mergers & Acquisitions. Retrieved 2018-05-14.
  7. ^ Brown, Rodney (Jul 5, 2011). "Virtusa buys ALaS Consulting for $28M". www.bizjournals.com. Retrieved 2018-05-14.
  8. ^ "Virtusa expands Europe ops with TradeTech buyout". Business Standard. January 13, 2014.
  9. ^ "Virtusa Expands Infrastructure Management Services with the Acquisition of Apparatus" (Press release). Virtusa. April 1, 2015.
  10. ^ "IT giant Virtusa buys Polaris Consulting and Services". www.consultancy.uk. 6 November 2015. Retrieved 2018-05-14.
  11. ^ "Virtusa Expands Digital Engineering Capabilities with the Acquisition of eTouch". www.virtusa.com. March 12, 2018. Retrieved 2018-05-14.
  12. ^ "Virtusa Acquires Factor Creative". www.Virtusa.com. 2023-09-11. Retrieved 2023-09-12.
  13. ^ Mendonca, Jochelle. "Investor Sheet". The Economic Times. Integrated Corporate Relations (ICR). Retrieved 29 Mar 2018.
  14. ^ "Worldwide Locations". Virtusa.com. Retrieved 16 Apr 2015.

External links

Categories