WESTBOROUGH, Mass. – (September 1, 2010) – Virtusa Corporation (NASDAQ: VRTU), a global IT services company that offers a broad spectrum of business consulting and outsourcing services, today announced that it has been named to the 2010 Global Services 100 List (GS100) by Global Services in association with NeoAdvisory. The GS100, which has featured Virtusa for the third consecutive year, in its 2010 list, honored service providers in the global ITO-BPO industry that have demonstrated advanced global delivery models, offer a broad portfolio of services or niche leadership, and have displayed clear business excellence and expertise. Virtusa was also included in the category list for Top Specialty Product Engineering Vendors.
The Global Services 100 Study is a rigorous assessment that evaluates organizations across various criteria including management excellence, customer maturity, global delivery maturity and breadth of services portfolio. Virtusa was named a Global Services 100 leader based on these criteria and recognized as a company that has withstood challenges within the global outsourcing market to go beyond cost reduction to consistently accelerate business outcomes for its mature global customers.
“There is a recognition in large companies that outsourcing as a means to reduce costs has had its time; these companies are increasingly looking at service providers being able to make their operations more effective globally and even to transform key areas of their business,” said Atul Vashistha, chairman of NeoAdvisory. “The GS100 companies are the ones who are delivering on these fronts and are equipped to demonstrate new forms of value in outsourcing to their clients.”
Uniquely positioned to address these changing needs, Virtusa provides high value IT services to help clients, including Global 2000 companies as well as leading software vendors, overcome industry challenges and achieve their business goals. Using its enhanced global delivery model, Virtusa guarantees clients high quality, less code and improvement of core processes, all of which enable clients to increase productivity, improve customer service and reduce overall costs.
“CIOs increasingly face new demands and challenges relating to the changing IT landscape, which is leading them to depend more and more on IT service providers that offer not only cost benefits, but also deliver business value,” said Kris Canekeratne, chairman and CEO at Virtusa. “We are honored to be recognized for a third consecutive year on the Global Services 100 List for our enhanced global delivery model, resiliency to industry challenges and leadership within the global outsourcing market.”
The 5th Annual Global Services 100 Study was carried out by Global Services in conjunction with globalization and sourcing advisory firm, NeoAdvisory. The companies formulated the Global Services 100 List to encompass the top 100 service providers that define global outsourcing. The list represents a diverse group of companies from 18 different countries with revenues ranging from less than $100M to over $1B.
(Photo Caption: Kris Canekeratne, chairman and CEO of Virtusa)
