Virtusa Corporation Strengths, Domain Expertise, and Key Differentiators
Virtusa Corporation provides digital engineering and information technology (IT) outsourcing services worldwide. The company offers business and IT consulting services, omni-channel digital strategy, experience design accelerated solution design, and employee engagement. Virtusa Corporation also provides application development, software product engineering, CRM and SAP implementation, content management, enterprise mobility, cloud computing, and social media solutions. Virtusa combines its digital technology expertise and engineering heritage to help companies drive innovation, scale, and agility by accelerating adoption of the AWS Cloud. Virtusa is an AWS Partner Network (APN) Advanced Consulting Partner.
Virtusa Corporation Recent Developments
In June 2017, Virtusa launched its Provider Lifecycle Management (PLM) solution, which focuses on overcoming the Healthcare Payer challenges of end-to-end provider management – from contracting and credentialing, to long term retention and relationship management. Built on the Pega Platform from Pegasystems.
The same year Virtusa partnered with WorkFusion and launched AI-Powered Bank Sanction Screening Solution for financial institutions.
Virtusa Corporation Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Virtusa Corporation applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Virtusa Corporation and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified VirtusaPolaris, customers.
Virtusa Corporation Overview
Ownership: - VRTU:NASDAQ
Number of Employees: 22716
Functional Markets: ERP Services and Operations Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Virtusa Corporation Key Enterprise and Cloud Applications
Virtusa Corporation Revenues, $M:
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|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Virtusa Corporation Revenue Breakdown By Type, $M:
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Virtusa Corporation Enterprise Applications Revenues By Functional Markets, $M:
Virtusa Corporation Enterprise Applications Revenues By Verticals, $M:
Virtusa Corporation Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
Virtusa Corporation Direct vs Indirect sales
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Virtusa Corporation Customers - Breakdown by Geo, Size, Vertical and Product
No. of Virtusa Corporation Customers: 200
No. of Virtusa Corporation Enterprise Applications Customers: 200
No. of Virtusa Corporation Cloud Customers: x
No. of Virtusa Corporation Cloud Subscribers: 2000
Mashreq was the first private bank in the UAE to implement an automation platform, Blue Prism’s Digital Workforce that integrates emerging technologies such as robotic process automation (RPA), artificial intelligence (AI), machine learning (ML), and cognitive capabilities to deliver seamless digital customer experiences and improve operational efficiency for the bank’s staff so they can better service customers. The implementation was managed by Virtusa.
Virtusa Corporation Market Opportunities, M&A and Geo Expansions
In 2020, Virtusa Corporation revealed the development and delivery of the Modjoul Health Platform to help Americans get back to work safely. One organization already using the Modjoul Health Platform is Table 301 Restaurant Group, which operates 10 restaurants and food trucks in and around Greenville, SC. Employers and employees are rightfully concerned about returning to work, with the number of COVID-19 cases on a steady rise in many parts of the country.
In November 2019, Virtusa sponsored the Open Banking Expo London that brings together a powerhouse of C-level professionals from the worlds of financial services, fintech, and regulation. Virtusa will be participating as a stage partner for the payments stream and exhibiting its innovative Open Banking platform, and a suite of accelerators and frameworks.
In July 2019, Virtusa Corporation has achieved Amazon Web Services (AWS) Life Sciences Competency status. This designation recognizes Virtusa for providing deep expertise in building Life Sciences solutions on AWS to help customers conduct drug discovery, manage clinical trials, engage in manufacturing and distribution activities, conduct research and development of novel genetic-based treatments and companion diagnostics.
In March 2018, Virtusa acquired eTouch Systems Corp. The acquisition of eTouch expands Virtusa’s digital engineering expertise and broadens its digital service offerings. It also allows Virtusa to better address the needs of both fast-growing tech companies and global enterprises.
Virtusa Corporation Risks and Challenges
Virtusa is heavily relaying on revenue from services.
Virtusa Corporation Ecosystem, Partners, Resellers and SI
In 2020, Virtusa Corporation partnered with Mareana, a provider of enterprise-scale AI for supply chains, to help Life Sciences organizations optimize their supply chains. Virtusa's deep Life Sciences experience combined with Mareana's qSuite AI, ML, and big data analytics offerings for Life Sciences supply chain, will help customers improve gross margins and working capital to streamline operations.
In October 2019, Virtusa Corporation has collaborated with The University of Texas Health Science Center at Houston (UTHealth), Cardinal Health, and Amazon Web Services (AWS) to use AI and machine learning techniques to advance medical research.
In June 2019, Hitachi, Ltd. and Virtusa Corporation made a new partnership to capitalize on the rapidly growing adoption of AI in financial services. The agreement to collaborate on these digital solutions was signed in April 2019. Virtusa has a global presence with offices throughout US, Europe and Asia, and advanced development centers in the United States, Europe and Asia. The company has strategic alliances with software companies, some of which are also its clients, to provide services to their customers.
Virtusa Corporation Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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