Virtusa Corporation
| Virtusa Corporation | |
|---|---|
| legal form | Corporation |
| ISIN | US92827P1021 |
| founding | 1996 |
| Seat | Westborough, Massachusetts , United States |
| management | Kris Canekeratne (Chairman and CEO ) |
| Number of employees | 19,000 (February 2017) |
| sales | US $ 333 million (2013) |
| Branch | IT service provider |
| Website | www.virtusapolaris.com |
Virtusa Corporation ( NASDAQ : VRTU) is a globally active, publicly listed service company in the consulting and information technology (IT) sector based in Westborough near Boston , USA .
activities
Virtusa offers customer solutions and services in business process management , enterprise content management , enterprise mobility , data warehousing , business intelligence , enterprise resource planning and business consulting for companies and software providers . Virtusa is a partner of global software providers such as IBM , Microsoft , SAP , Pegasystems , Open Text and Oracle . The company, which was founded in 1996, has additional locations in New York, London, Munich, Amsterdam, Chennai and Hyderabad (India) and Colombo (Sri Lanka).
history
Virtusa was founded in 1996 as a software development company under the name “Software Solution”. In 1997 Software Solutions was renamed “Technology Providers International” and increasingly dealt with outsourced, object-oriented software design and development services. In 1998 the company opened its headquarters in Westborough, Massachusetts and was launched on the American market under the name Technology Providers Inc.
In 2000, during the e-commerce trend, Technology Providers International was renamed again. From now on the company was called "eRUNWAY Inc." and offered eBusiness, Internet software development and system integration services. Ultimately, eRUNWAY was relaunched on April 22, 2007 as Virtusa Corporation. The name Virtusa is derived from the Latin word "virtus" (excellence). Virtusa went public on August 3, 2007 and has been listed on NASDAQ (“VRTU”) ever since.
On November 5, 2009, Virtusa announced that it had acquired InSource, a technology consulting firm specializing in insurance and healthcare. InSource is based in Hartford, Connecticut, USA and employs approximately 50 people. In February 2010 Virtusa took over the US-based ConVista Consulting LLC. The company will open a new location in September 2010 in Nanakramguda, Hyderabad. Since 2011 Virtusa has also been active in Germany (Virtusa Germany GmbH) and Austria (Virtusa Austria GmbH).
- Timeline
- 1995: Founded as Software Solutions in Colombo, Sri Lanka
- 1997: Renamed to Technology Providers International
- 1998: Opening of the first office in Massachusetts, USA
- 2000: Technology Providers International is renamed eRUNWAY Inc.
- 2002: Relaunch of eRUNWAY as Virtusa Corporation
- 2004: Virtusa led the design and development of the open source system for disaster relief Sahana after the 2004 tsunami in Asia.
- 2007: On March 24, 2007, the project received the largest award to date, the Free Software Foundation Award for Social Achievement. The award ceremony took place during the FSF's annual meeting at MIT in the USA, where the award was presented to Virtusa by foundation founder Richard Stallman.
- 2007: IPO under the symbol VRTU
- 2008: Finalists for the US Secretary of State's Award for Corporate Excellence
- 2009: Announced the acquisition of InSource, a consulting firm specializing in technology
- 2010: Announced the acquisition of LLC, previously privately held and a leader in finance, with a focus on transformations in the financial sector.
- 2011: Acquisition of ALaS Consulting LLC, a consulting firm in the financial sector.
- 2011 presence in Germany and Austria
Charitable commitment
The company has launched an educational program in which it makes its IT skills available to specific collaborative projects, such as: B. Virtusa enabled the provision of IT rooms in 50 schools in the Uva Province in Sri Lanka. The project was implemented together with the local university in Sri Lanka. After the 2004 tsunami , workers actively participated in the development of Sahana, an open source disaster relief project.
Web links
Individual evidence
- ↑ a b annual financial statements 2012/13 (English) at www.virtusa.com, July 26, 2013, accessed on July 26, 2014.
- ↑ VRTU
- ↑ ^ Archived copy ( memento of the original from July 19, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ a b themiddlemarket.com
- ↑ business-standard.com
- ^ "Local disaster management solution applauded". http://www.sundaytimes.lk/050227/ft/24.html . Retrieved March 2, 2007.
- ↑ asiantribune.com
- ↑ Archived copy ( memento of the original from July 19, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ online.wsj.com
- ↑ Archived copy ( memento of the original dated February 24, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
