VirtusaPolaris

2000 West Park Drive

Westborough, MA, 1581, USA

+1 508-389-7300

http://www.virtusapolaris.com/

572

Recent Developments

Acquired by Virtusa in 2016.

Overview

Ownership: Public - VRTU:NASDAQ

Employees: 19000

Functional Market: ERP Services and Operations Management, Treasury and Risk Management,

Key Verticals: Banking and Financial Services,

VirtusaPolaris Key Enterprise & Cloud Applications

VirtusaPolaris

SCORES Analysis

VirtusaPolaris Strengths

Virtusa is a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience.

 

In April 2016, VirtusaPolaris, announced the launch of VirtusaPolaris BankConnect. The solution, powered by Adobe Marketing Cloud, is designed to create more personalized customer banking experiences across authenticated bank environments. The VirtusaPolaris BankConnect solution provides a highly-unified, scalable and reusable framework that helps banks deliver relevant experiences across all digital channels, ultimately enhancing the personalized banking experience for customers.

 

In March 2016, Virtusa acquired Polaris Consulting & Services. The combination of Virtusa and Polaris creates a global provider of IT services and solutions to BFS, bringing together Virtusa’s deep domain expertise in consumer and retail banking with Polaris’ proven strength in corporate and investment banking.

 

Over the past 25 years, Polaris Financial Technology Limited has emerged as a major force in the financial services industry providing software and outsourced services to some of the top banks and insurers in the world. In the Treasury and Risk Management applications market, Polaris has been picking up momentum with Intellect Treasury designed to help banks maximize their liquidity, while mitigating operational and financial risks.

 

The product has been deployed by institutions such as Citibank, which replaced its legacy system with Intellect Treasury as a single treasury & risk management instance across the globe. Citibank, which for years invested in its own core banking platform called iFlex until it sold its stake to Oracle in 2005, has seen position consolidation time across asset classes reduced from eight hours to 15 minutes after running Intellect Treasury.

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  • Key differentiators
  • Domain Expertise
  • Product portfolio
  • Solution scope

VirtusaPolaris Revenues, $M:

Type/Year20112012201320142015YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe 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.

VirtusaPolaris Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

VirtusaPolaris Revenues By Region, $M

Region% of Total Revenues2015 Total Revenues, $M2015 Enterprise Applications Revenues, $M2015 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

VirtusaPolaris 2015 Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

VirtusaPolaris Customers

No. of Customers: Subscribe

No. of Enterprise Applications Customers: Subscribe

No. of Cloud Customers: Subscribe

No. of Cloud Subscribers: Subscribe

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  • Reference wins across regions
  • Customer Size segments
  • Customer wins momentum

VirtusaPolaris Opportunities

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  • Market Opportunities at the vertical and subvertical levels
  • Mergers and Acquisitions (M&A), Funding
  • Geo Expansions

VirtusaPolaris Risks

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  • Ability to handle internal and external risk and challenges

VirtusaPolaris Ecosystem

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  • Health of ecosystem
  • Network Effects of BPO, ISV, SI
  • VAR Partners
  • Direct vs Indirect sales

VirtusaPolaris Cloud Infrastructure Insights

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  • Cloud Infrastructure (IaaS)
  • Cloud Platform (PaaS)
  • Cloud Application delivery (SaaS)
  • Data Center (Hosting)

Research Methodology

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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