Virtusa

Virtusa offers Information Technology (IT) consulting, systems implementation and application outsourcing services to aerospace, healthcare, insurance, retail and entertainment sectors. Read more

1,704 Followers on Owler
1,704 Followers on Owler
1,704 Followers on Owler
1,704 Followers on Owler

Virtusa

Virtusa offers Information Technology (IT) consulting, systems implementation and application outsourcing services to aerospace, healthcare, insurance, retail and entertainment sectors. Read more

Kris Canekeratne's photo - Chairman & CEO of Virtusa

Chairman & CEO

Kris Canekeratne

CEO Approval Rating

86/100

Founded:

1996

Status:

PublicAcquisition Pending from Baring Private Equity AsiaNASDAQVRTU

VIRTUSA TOP COMPETITORS OR ALTERNATIVES

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CTS is perceived as one of Virtusa's biggest rivals. CTS was founded in 1994, and is headquartered in Teaneck, New Jersey. Like Virtusa, CTS also competes in the IT Consulting space. CTS generates $15.5B more revenue vs. Virtusa.

HCL is a top competitor of Virtusa. HCL is a Public company that was founded in 1991 in Noida, Uttar Pradesh. Like Virtusa, HCL also works within the IT Services sector. Compared to Virtusa, HCL has 147,232 more employees.

Accenture is Virtusa's #3 rival. Accenture is headquartered in Dublin, County Dublin, and was founded in 1989. Accenture operates in the IT Consulting industry. Accenture generates 3,529% the revenue of Virtusa.

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Virtusa Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$1.3B

Virtusa's revenue is the ranked 13th among it's top 10 competitors. The top 10 competitors average 12B. Over the last four quarters, Virtusa's revenue has grown by 5%. Specifically, in Q4 2020's revenue was $346.1M; in Q3 2020, it was $317.2M; in Q2 2020, it was $301.1M; in Q1 2020, Virtusa's revenue was $329.7M.

Virtusa Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
TechChefs Software Pvt. Ltd.

Mar 2020

Source »
$12.5M
TechChefs provides mobile application development, product testing and data analytics solutions for businesses.
eTouch Systems Corp

Mar 2018

Source »
$140M
eTouch Systems is a technology services company that specializes in digital marketing, content management, analytics, security and cloud services.
Polaris Consulting & Services Limited

Nov 2015

Source »
$270M
Polaris offers financial technology products, legacy modernization and consulting services for banking, asset management and insurance sectors.
Apparatus, Inc.

Apr 2015

Source »
$34.2M
Apparatus provides business applications and infrastructure that assists clients leverage collaboration and visualization technologies.
OSB Co.

Nov 2013

Source »
undisclosed
OSB provides finance and accounting consultancy services.

These are all the companies that Virtusa has acquired. Virtusa has acquired 6 companies and its latest acquisition was TechChefs Software Pvt. Ltd. in Mar 2020. TechChefs provides mobile application development, product testing and data analytics solutions for businesses.

Virtusa Funding History

Since Virtusa was founded in 1996, it has participated in 3 rounds of funding. In total Virtusa has raised $189.6M. Virtusa's last funding round was on May 2017 for a total of $108.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
May 2017
$108M

The Orogen Group

IPO
Aug 2007
$61.6M

Series D
Apr 2004
$20M

Since Virtusa was founded in 1996, it has participated in 3 rounds of funding. In total Virtusa has raised $189.6M. Virtusa's last funding round was on May 2017 for a total of $108.0M

Virtusa Investments

No recent investments found related to Virtusa

These are all the companies that Virtusa has invested in. Virtusa has invested 6 companies and its latest investment was TechChefs Software Pvt. Ltd. in Mar 2020. TechChefs provides mobile application development, product testing and data analytics solutions for businesses.

Virtusa News

May 5, 2021FE Investegate

Transforming Operations' Project

2:00 PM: Virtusa Named a Leader in NelsonHall's NEAT Vendor Evaluation for its 'Intelligent Automatio... See more »
April 22, 2021CompanyNews HQ

Virtusa Partners with People's United Bank to Launch New Customer-Decisioning Hub with Virtusa's vEngage

vEngage Built on Pega Customer Decision Hub and Adobe Experience Platform SOUTHBOROUGH, Mass. - (Apri... See more »
April 20, 2021FE Investegate

Virtusa Partners with People's United Bank to Launch New Customer-Decisioning Hub with Virtusa's vEngage

2:00 PM: Virtusa Partners with People's United Bank to Launch New Customer-Decisioning Hub with Virtu... See more »
April 14, 2021Finextra

Bolero forms partnership with Virtusa

Bolero International, a leader in cloud-based trade finance digitization, announced its worldwide par... See more »
April 13, 2021CompanyNews HQ

Virtusa Wins Pegasystems Partner Sales Excellence Award

SOUTHBOROUGH, Mass. - (April 13, 2021) - Virtusa Corporation , a global provider of digital strategy,... See more »
March 23, 2021FE Investegate

Virtusa and Bloomin' Brands Announce Five-Year Strategic Management Agreement

1:00 PM: Virtusa and Bloomin' Brands Announce Five-Year Strategic Management Agreement... See more »
March 18, 2021CompanyNews HQ

Virtusa Awarded CAQH CORE Endorser Seal, Demonstrates Commitment to Streamlining Healthcare Administration

SOUTHBOROUGH, Mass. - (March 18, 2021) - Virtusa Corporation, a global provider of digital strategy, ... See more »

Virtusa Blogs

February 11, 2019Virtusa Blog

Technology trends to look out for in 2019

With innovation knocking the doors of every industry, technology has now become a basic need for surv... See more »
February 7, 2019Virtusa Blog

Is Blockchain The Answer To Election Tampering?

With the midterm elections upon us, the news is once again buzzing about election tampering. There's ... See more »
February 4, 2019Virtusa Blog

Cloudy weather ahead for IBM and Red Hat?

The world is buzzing about the software industry's largest acquisition ever. This "game changing" IBM... See more »
January 22, 2019Virtusa Blog

Data & Analytics - The Year Ahead

Data is the backbone that keeps enterprises performing at the optimal. This fact isn't going to chang... See more »
January 21, 2019Virtusa Blog

Digital phenotyping: A revolution or a privacy breach?

Consider this situation: A family member starts avoiding social gatherings, doesn't respond to messag... See more »
January 18, 2019Virtusa Blog

Top 3 Technologies that will disrupt the Information Services industry in 2019

2018 was a banner year for future-now technologies like AI, Blockchain, IoT, cloud and automation. Th... See more »
January 17, 2019Virtusa Blog

Blockchain Breakthroughs That Are Changing Travel and Hospitality

Is there more to blockchain than cryptocurrencies? Yes, and here are four of the 12 innovative ways i... See more »

Virtusa Press Releases

June 5, 2020PressReleasePoint

Virtusa Wins 2020 Pega Partner Award for Excellence in Digital Transformation

SOUTHBOROUGH, Mass. - (June 5, 2020) - Virtusa Corporation (NASDAQ GS:VRTU), a global provider of dig... See more »
May 26, 2020PressReleasePoint

Virtusa and Mareana Partner to Optimize Supply Chains in Life Sciences

SOUTHBOROUGH, Mass., (May 26, 2020) Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digit... See more »
May 13, 2020Business Wire

Virtusa to Present at the J.P. Morgan 48th Annual Global Technology, Media and Communications Conference

SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Virtusa to Present at the J.P. Morgan 48th Annual Global Techno... See more »
April 14, 2020WebWire

Virtusa Named SIIA CODiE Award Finalist for Best Healthcare Technology Solution

Virtusa Corporation�(NASDAQ GS:VRTU), a�global provider of digital strategy, digital engineering,... See more »
January 8, 2020Business Wire

Virtusa to Present at the 2020 Needham Growth Conference

SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Virtusa to Present at the 2020 Needham Growth Conference... See more »
November 12, 2019GlobeNewswire

Virtusa Achieves HITRUST CSF® Certification to Manage Risk, Improve Security Posture, and Meet Compliance Requirements

SOUTHBOROUGH, Mass., Nov. 12, 2019 (GLOBE NEWSWIRE) -- Virtusa Corporation (NASDAQ GS:VRTU), a global... See more »
November 7, 2019Business Wire

Virtusa Announces Second Quarter Fiscal 2020 Consolidated Financial Results

SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Virtusa Announces Second Quarter Fiscal 2020 Consolidated Finan... See more »

Virtusa Videos

Social Media

Virtusa Headquarters

132 Turnpike Road Suite 300

Southborough, Massachusetts01772

508-389-7300

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Virtusa Summary

ABOUT

Overview

Virtusa offers Information Technology (IT) consulting, systems implementation and application outsourcing services to aerospace, healthcare, insurance, retail and entertainment sectors. Virtusa was founded in 1996. Virtusa's headquarters is located i...

CEO

Virtusa's Chairman & CEO, Kris Canekeratne, currently has an approval rating of 86%. Virtusa's primary competitors are CTS, HCL & Accenture.

Website

virtusa.com

Frequently Asked Questions about Virtusa

  1. When was Virtusa founded?

    Virtusa was founded in 1996
  2. Who is Virtusa's CEO?

    Virtusa's CEO is Kris Canekeratne
  3. How much revenue does Virtusa generate?

    Virtusa generates $1.3B in revenue
  4. How much funding does Virtusa have?

    Virtusa has historically raised $189.6M in funding
  1. Where is Virtusa's headquarters?

    Virtusa's headquarters is in Southborough Massachusetts, USA
  2. How many employees does Virtusa have?

    Virtusa has 21,745 employees
  3. What sector does Virtusa operate in?

    Virtusa is in IT Consulting, IT Services, Outsourcing
  4. Who are Virtusa's competitors?

    Virtusa's top competitors are CTS, HCL, Accenture