Virtusa Named a Global Leader in Financial Services Technology on 2013 FinTech 100 List
Westborough, Mass., – December 17, 2013 – Virtusa Corporation (NASDAQ: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced it has been recognized by American Banker, Bank Technology News and IDC Financial Insights on the 2013 FinTech 100 List. The list, currently in its 10th year, ranks the most successful financial services technology vendors around the world based on their calendar year 2012 revenue from financial services. This is the fourth consecutive year that Virtusa has made the list.
“We are honored to be named to the esteemed FinTech 100 List,” said Kris Canekeratne, chairman & CEO of Virtusa. “Financial institutions around the world continue to face new opportunities and challenges. On the one hand, they must innovate and reach new markets and consumers. On the other hand, they have to run their businesses more efficiently. Using our deep industry experience and consultative technology expertise, we help our clients deliver a distinctive millennial experience, transform their business and benefit from platforming efficiencies. This recognition is testament to the dedication of our team members who work tirelessly to help our banking and financial services clients accelerate time to market, lower overall costs, comply with regulations and improve operational efficiencies.”
This year, Virtusa ranked #58 on the list of financial technology companies that were judged according to their global revenues. The company has moved up 30 spots in the past three years. This upward movement is clear indication of the company’s strong growth and the value it continues to bring to the financial services industry.
Each year, Virtusa develops and brings to market new solutions that uniquely address the challenges that banking and financial services institutions are facing. Virtusa provides end-to-end consulting and technology and transformation services for the financial services industry worldwide including some of the world’s top banks, broker dealers, FCMs, fund administrators, investment banks, investment managers, private funds, prime brokers/prime services and select industry service providers.
Virtusa’s banking and financial services customers include seven of the top ten U.S. banks, four of the top ten global banks, several of the top brokerage firms and two of the largest card and payment providers. Virtusa uses its Platforming methodology and global delivery model to help companies optimize their software applications and platforms, enhance operational efficiencies, minimize risks, sustain cost leadership, and support their business transformation initiatives. For more information on Virtusa's solutions for banking and financial services organizations, please visit http://www.virtusa.com/industries/banking-and-financial-services/perspective/.
Companies named to the 2013 FinTech 100 List were honored on November 6 at a breakfast ceremony at the annual Bank Administration Institute (BAI) Retail Delivery Conference in Denver, CO. The full list of 2013 FinTech 100 honorees can be accessed on American Banker’s website at http://www.americanbanker.com/fintech100/rankings/.
Virtusa provides end-to-end information technology (IT) services to Global 2000 companies. These services, which include IT consulting, application maintenance, development, systems integration and managed services, leverage a unique Platforming methodology that transforms clients’ businesses through IT rationalization. Virtusa helps customers accelerate business outcomes by consolidating, rationalizing, and modernizing their core customer-facing processes into one or more core systems.
Virtusa delivers cost-effective solutions through a global delivery model, applying advanced methods such as Agile and Accelerated Solution Design to ensure that its solutions meet the clients’ requirements. As a result, its clients simultaneously reduce their IT operations cost while increasing their ability to meet changing business needs.
Founded in 1996 and headquartered in Massachusetts, Virtusa has operations in North America, Europe, and Asia.
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