Recognition in the “Execution Zone” illustrates Virtusa’s high level of R&D practice maturity
Bangalore, India – (November 28, 2014) – Virtusa Corporation (NASDAQ GS: VRTU), a global IT services company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that Zinnov, one of the world’s leading management consulting firms, has acknowledged Virtusa in the ‘Execution Zone’ in the Enterprise Software segment of its annual Global Service Provider Ratings (GSPR) report. This is the fourth consecutive year in which Virtusa has been honored by Zinnov for its approach to Outsourced Software Product Development.
According to the report, Virtusa ranks as a leading services firm for its approach to a niche vertical market, while being viewed as an emerging organization for its depth and breadth of services. Zinnov’s rating consists of a two-axis model that assesses vendors against their “scale of verticals serviced” as well as their “specialization and R&D services.”
“Being honored by Zinnov amongst the global leaders in Engineering and R&D services for our approach to software development is both humbling and exciting,” said Harsha Liyanage, senior director and head of Client Delivery for ISVs, Virtusa. “As the report acknowledges, the niche engineering service category is extremely competitive, the fact that Virtusa continues to rank highly in this category is a credit to our team members.”
Zinnov’s annual Global Service Provider Rating is an exhaustive exercise that covers over 50 companies in the R&D space. The participants were analyzed across key parameters like Human capital, product development capabilities, financials, ecosystem linkages, infrastructure & innovation / IP creation, their non-linear strategy, lab infrastructure and customer relationships. The analysis process involved data collection from participating companies, interviews with end customers, and inputs from domain experts.
Virtusa’s Independent Software Vendors (ISVs) services are focused on addressing the life-cycle concerns of product vendors and software services vendors. The company leverages its global delivery model to accelerate product innovation while at the same time bringing significant cost and quality improvements and its services are tailored to meet the challenges and concerns of product companies at any stage of their growth cycle. Virtusa has executed over 4000 commercial grade software product releases with partners with some of the largest and most successful ISVs.
Virtusa consistently ranks as a top provider for Global 2000 companies and the leading software vendors in Banking & Financial Services, Insurance, Telecommunications, Technology and Media, Information & Education industries.