Virtusa Corporation - Most Innovative Tech Company of the Year
Company: Virtusa Corporation, Southborough, MA, USA
Company Description: Virtusa is a provider of Digital Business Strategy, Digital Engineering, and Information Technology outsourcing services that accelerate its clients’ journey to a Digital Future. Virtusa serves Global 2000 companies in industries such as Banking, Financial Services, Insurance, Healthcare, Telco, and Technology to execute successful end-to-end digital business transformation initiatives.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Most Innovative Tech Company of the Year - 2,500 or More Employees
Nomination Title: Leading market disruption across industries through cutting edge technology innovation
Tell the story about what this nominated organization has achieved since 1 January 2017 (up to 650 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms.
It is the age of acceleration, the age of transformation, the digital revolution. For businesses to remain relevant and grow sustainably, they must invest in innovation and self-reinvention. This investment is not a one-time fix -it needs to be a conscious and continuous process, a disciplined habit that will help businesses thrive.
At Virtusa, we help our clients handle the challenges posed and the opportunities created by digital disruption. We work with our clients to envision their digital future, guiding them through the strategy that best fits their needs to help them not just differentiate and defend their market share, but also to enable their ability to become disruptive entities that grow and innovate faster and more competitively. Virtusa stands apart as a visionary innovator in the IT industry by judiciously following the below strategies:
Expanding market presence and innovation skills through strategic acquisitions
With its recent acquisition of eTouch, Virtusa expanded its digital engineering expertise and broadened its digital service offerings. This also establishes a strong innovation hub in the heart of Silicon Valley and allows Virtusa to better address the needs of both fast-growing tech companies and global enterprises.
Making strategic investments in innovation hubs that cater to the future for industries driven by digital disruption.
Virtusa has built cutting-edge labs that cater to dedicated domains/verticals for clients across the globe to build leading competitive solutions to address their business challenges. For example, xLabs, the digital innovation hub within Virtusa, helps organizations by accelerating their tech innovation and leveraging disruptive technologies to deliver the best value for them. xLabs combines design thinking and digital engineering to reduce time and costs associated with identifying, evaluating, and exploiting new technologies to create competitive advantage for clients.
Building a wealth of Digital solution accelerators
In addition to its SDLC accelerators, Virtusa has built an array of accelerators to enable clients to quickly enter the digital transformation journey. From website development, to artificial intelligence and blockchain, to virtual reality solutions, we have accelerators that will maximize your ability to get to market.
In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this organization since the beginning of 2017 (up to 150 words).
-Closed FY18 on a high with a revenue of $1,020.7 million, an increase of 18.9% compared to $858.7 million in FY17.
-Inaugurated digital innovation labs across its global technology centers, helping clients co-innovate solutions and capitalize on our digital engineering expertise and industry understanding. We have built over 100 PoCs and thousands of use cases for our clients leveraging our leading-edge infra facilities.
-Named as a visionary in the Gartner’s magic quadrant forIT providers for Communications Service Providers
-Awarded Gold Stevies for the most innovative tech company in 2017
-Chairman & CEO, Kris Canekeratne, named a 2018 EY Entrepreneur of the Year for the New England region
-Named among the leading 100 global IT outsourcing providers by the International Association of Outsourcing Professionals (IAOP) with a special distinction for innovation programs, growth, and sustainability
Of the following measures of success, which ONE do you want the judges to most appreciate about your organization's story of achievement since the beginning of 2017? Overall Innovation