Virtusa
| Company type | Public |
|---|---|
| Industry | Information technology services |
| Founded | 1996 |
| Founder | Kris Canekeratne |
| Headquarters | Southborough, Massachusetts , United States |
Area served | Worldwide (over 25 countries) |
Key people | Sander van‘t Noordende (Chairman) |
| Products | Digital engineering, technology solutions, digital transformation, artificial intelligence, cloud technologies, robotics, data analytics, consulting services in technology |
| Parent | Baring Private Equity Asia (since February 2021) |
Virtusa Corporation is an American multinational IT services company that provides digital engineering and technology solutions across various industries including financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology. The company’s capabilities encompass digital transformation, artificial intelligence, cloud technologies, robotics, data analytics, and consulting services in technology. Virtusa supports clients in more than 25 countries through a network of over 50 offices.
The firm's headquarters are located in Southborough, Massachusetts, with significant delivery centers established in India and Sri Lanka, particularly in Hyderabad, Chennai, and Colombo. In February 2021, Virtusa was acquired by Baring Private Equity Asia in a transaction valued at US$2 billion.
History
Founded in 1996 by Kris Canekeratne, who held the position of chairman until 2021 and served as CEO during 1996-1997 and again from 2000 to 2021, Virtusa went public in 2007. Canekeratne relinquished his CEO role in May 2021, after which Sander van‘t Noordende took over as chairman.
Acquisitions
Virtusa expanded its portfolio through several acquisitions over the years:
In November 2009, it acquired Insource for $7.3 million; this firm specialized in technology consulting for insurance and healthcare sectors.
The following year, Virtusa purchased ConVista Consulting, a US-based company recognized for its expertise in finance transformation within BFSI, focusing on collections, disbursement, claims processing, and billing systems.
In 2011, it acquired ALaS Consulting LLC, a consultancy serving financial services clients.
November 2013 marked the acquisition of OSB Consulting LLC from New Jersey, known for its work in financial services, insurance, and SAP finance solutions.
Virtusa entered the European market in January 2014 by acquiring TradeTech Consulting Scandinavia AB based in Stockholm, which specializes in treasury and asset management for Nordic financial institutions.
In April 2015, the company added Apparatus, Inc., an IT infrastructure services provider from Indianapolis. Later that year, Virtusa obtained a majority stake (53%) in Polaris Consulting & Services Limited of India, a prominent IT service provider for banking and financial sectors.
On March 12, 2018, Virtusa expanded by acquiring eTouch Systems Corp. along with its Indian subsidiary.
In September 2023, the company further broadened its creative capabilities by acquiring Factor Creative based in Walnut Creek.
Early 2024 saw additional European growth with the acquisitions of BRIGHT, an IT services firm located in Bulgaria (February), followed by ITMAGINATION from Warsaw (April).
In May 2025, Virtusa acquired Mav3rick, an Australian partner specializing in Salesforce and MuleSoft advisory and implementation. This was succeeded by the July 2025 acquisition of Sincera, a firm focused on software development and digital transformation with expertise in telecommunications.
Offices
- United States – Southborough, Massachusetts (headquarters); Indianapolis, Indiana; New York, New York; Windsor, Connecticut
- Australia – Sydney, Melbourne
- Austria
- Bulgaria – Sofia
- Canada – Toronto, Halifax
- Germany – Munich
- Hungary – Budapest
- India – Mumbai, Pune, Hyderabad, Chennai, Bangalore, Coimbatore, Gurgaon
- Malaysia – Kuala Lumpur
- Mexico – Jalisco
- Netherlands – Amsterdam, The Hague
- Philippines – Taguig City
- Poland – Warsaw
- Qatar – Doha
- Singapore
- Sri Lanka – Colombo
- Sweden – Stockholm, Gothenburg
- Switzerland – Zurich
- United Kingdom – London
- United Arab Emirates – Dubai