Virtusa Corporation is an American information technology services company founded in 1996 in Sri Lanka and has its headquarters in Southborough, Massachusetts, United States. The company provides IT consulting, business consulting, systems implementation and application outsourcing services to large enterprises and software vendors. The company has several delivery centers in India and Sri Lanka with the ones in Hyderabad, Chennai and Colombo being the largest.
Acquisitions
In 2009, Virtusa acquired InSource, a technology consulting company which specialized in the insurance and healthcare industries. InSource is based in Hartford, Connecticut, US.
In 2010, Virtusa acquired ConVista Consulting, LLC, a US-based, privately held market leader in finance transformation, specifically focusing on high volume collection, disbursement, claims and billing systems in BFSI.
In 2011, Virtusa acquired ALaS Consulting LLC, a financial services consulting firm.
In November 2013, Virtusa acquired OSB Consulting LLC, a New Jersey-based consulting firm specializing in the financial services and insurance domains, including SAP finance capabilities.
At the start of 2014, Virtusa announced that it has acquired all the outstanding shares of TradeTech Consulting Scandinavia AB and its subsidiaries. TradeTech, headquartered in Stockholm, Sweden, is a consulting and IT services provider specializing in treasury and asset management for major financial institutions in the Nordic countries.
In November 2015, Virtusa acquired a 53% stake in Polaris Consulting & Services Limited, India, a provider of IT solutions primarily to banking and financial services. Virtusa paid $270 million for the firm, which saw more than 7,500 employees join its global undertakings.
On March 12, 2018,Virtusa Corporation announced that it has entered into an equity purchase agreement to acquire all of the outstanding shares of eTouch Systems Corp. and eTouch Systems Pvt. Ltd.
Operations
On 29 March 2018, Virtusa had around 20,000 employees. Virtusa will have a global presence with offices throughout US, Europe and Asia, and advanced development centers in the United States, Europe and Asia.
The company has a community support program that focuses on education and uses its IT competencies for meeting the needs of the community.
A team from Virtusa designed and developed a school management system, AKURA, to assist schools with an effective mechanism to manage daily activities. The schoolmanagement system allows easy and centralised access to student information such as schedules, report cards, attendance, grades, and extracurricular activities, as well as teacher information. Through the system teachers and parents can collaboratively view students' progress. The system has been adopted by schools and universities across different countries, and has been downloaded more than 6,000 times.
Virtusa facilitated setting up IT laboratories for 50 schools in the Uva province of Sri Lanka. The program was carried out in partnership with a local university in Sri Lanka.
In 2010, the company leveraged its technology/QA expertise to support the One Laptop Per Child program.
In the wake of the 2004 tsunami, its employees actively participated in the development of Sahana, an open-source-based disaster management system.
