Virtusa Achieves Leader Status in Everest Group IT Services Assessment
Virtusa's Recognition as a Leader in IT Services
Virtusa Corporation, a global frontrunner in digital strategy and engineering, has recently been honored as a Leader in the esteemed Everest Group Banking and Financial Services IT Services Specialists PEAK Matrix Assessment 2025. This notable report evaluates firms that deliver specialized, stakeholder-centered solutions, underscoring Virtusa's significant expertise within the financial services sector.
According to Sanjay Deshpande, Executive Vice President & Head of Banking, Communications, and Emerging Industries at Virtusa, achieving this Leader designation is a strong testament to their unwavering dedication to adding value in the banking and financial services (BFS) domain. He emphasized that their innovative platform-centric approach, robust industry alliances, and tailored engagement strategies empower clients to modernize effectively, reduce operational costs, and maintain competitiveness in a rapidly changing environment.
Strategic Partnerships Leading to Innovation
Virtusa's status as a Leader reflects its capability to deliver comprehensive digital transformation initiatives for BFS clients, driven by ecosystem-focused innovation. The company has forged strategic partnerships with various technology providers and hyperscalers, enabling them to fill capability voids and offer unparalleled value. Their client engagement model, notable for direct involvement from leadership in major accounts, has received high praise.
Pranati Dave, a Practice Director at Everest Group, noted that Virtusa's commitment to excellence in digital engineering, coupled with a carefully crafted go-to-market strategy emphasizing partnerships and domain expertise, has significantly strengthened its market position. The recognition highlights how clients appreciate Virtusa's advisory-led tactics and proof-of-concept-driven engagements, particularly in areas like generative AI, which emphasize business value and impact.
Core Capabilities and Future Growth
Virtusa has consistently demonstrated exceptional abilities in core banking, insurance, data analytics, and AI/ML technologies. Their solutions are designed to be cost-effective, enabling clients to drive growth and cross-selling opportunities, especially important in today’s intricate regulatory and technological landscapes.
Commitment to Digital Transformation
At Virtusa, the philosophy of being a digital engineering powerhouse permeates every function. The company employs approximately 27,000 skilled professionals dedicated to collaboratively transforming enterprises and innovating solutions that address the most pressing business challenges. By leveraging customer data proficiently, Virtusa assists organizations in generating demand and servicing their offerings more effectively.
Engineered for Excellence
Virtusa’s unique Engineering First approach symbolizes their commitment to execution quality. They prioritize feasibility, ensuring that every presented idea is practically actionable. With a cadre of expert agile teams, Virtusa focuses on execution from the early stages, fostering a culture of responsiveness to evolving market demands and delivering sustainable outcomes.
About Virtusa Corporation
As a global provider of digital engineering services and solutions tailored for numerous sectors, including financial services, healthcare, and technology, Virtusa stands at the forefront of innovation. Their strategic initiatives are designed to help businesses not just adapt but thrive in an ever-evolving industry landscape.
Frequently Asked Questions
What is the significance of Virtusa's recognition in the assessment?
This recognition underscores Virtusa's exceptional capabilities and commitment to delivering value in the banking and financial services sector, elevating its standing in the industry.
How does Virtusa contribute to digital transformation for its clients?
Virtusa emphasizes ecosystem-driven innovation and strategic partnerships, allowing clients to modernize and enhance their operations effectively.
What unique approach does Virtusa employ in their solutions?
Virtusa's Engineering First approach ensures that all proposed ideas are actionable, focusing heavily on execution to drive tangible business results.
In which domains does Virtusa demonstrate strong capabilities?
Virtusa excels in core banking, insurance, data analytics, and AI/ML technologies, providing tailored solutions that meet the specific needs of its clients.
What values drive Virtusa's corporate mission?
Virtusa’s mission revolves around creativity and collaboration, enabling businesses to reimagine their operations and address key challenges in their industries.
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