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Showing posts from November, 2022

A Brief Background Research on Virtusa Corporation

Virtusa Corporation is an American information technology services company founded in 1996 in Sri Lanka and has its headquarters in Southborough, Massachusetts, United States. The company provides IT consulting, business consulting, systems implementation and application outsourcing services to large enterprises and software vendors. History: When Virtusa was founded back in 1996, Kris Canekeratne became the CEO of the company whose valuation today has crossed billions. He took the company public in 2007 but currently it is listed as a private company as it was recently acquired by Baring Private Equity Asia for $2 billion. The company currently has more than 30,000 employees and some of its biggest competitors in the IT sector are Wipro, TCS, Infosys, and Cognizant. All these companies have a very strong market in India along with Virtusa and that raises the competition even more. The company is also known for its community support program that focuses mainly on education. In all the...