Virtusa recognised by Zinnov as a leading Global R&D Service Provider for 2011

Virtusa Corporation, a global IT services company that offers a broad spectrum of business consulting and outsourcing services, announced today that it has been honoured by Zinnov Management Consulting as one of the leading  global R&D service providers for 2011, in the  category of Software and ISV.  

The study, “Global R&D Service Providers (GSPR) Rating 2011”, incorporates many geographies including the U.S., India, China, Russia and Eastern Europe.  The annual assessment is undertaken by Zinnov to help business leaders drive global engineering initiatives and to assist them in identifying the right partners across geographies. 

Virtusa was honoured in the prestigious “Execution Zone” of ‘Zinnov Zones’, which identifies companies based on their high level of R&D practice maturity. Recognition in this zone indicates that Virtusa is capable of delivering complete product development as a true engineering partner. Companies honoured in the ‘Execution Zone’ have a presence in almost all sub verticals and are distinguished by their innovative practices. Furthermore, this zone recognises companies such as Virtusa for having the capabilities to work in all business models, including Risk Reward and Revenue Share.

“Business and technology leaders are increasingly facing new demands and challenges relating to the rapidly evolving IT landscape.  To maintain a leadership position, corporations often turn to partners like Virtusa with proven technology execution expertise to accelerate their business outcomes,” said Kris Canekeratne, chairman and CEO at Virtusa. “Virtusa is honoured to be recognised in this year’s Global R&D Service Provider Rating as one of the leading global service providers uniquely positioned and equipped to help clients overcome industry challenges and achieve their business goals.”

“Virtusa’s listing reinforces the company’s strong focus on engineering excellence, and at the same time, that of being a reliable partner which can deliver high quality, innovative products for its Software/ISV clients. Virtusa and the other companies recognised by this year’s Global R&D Service Providers Rating are those exceptional companies that have been able to thrive in a challenging economic environment to help their clients achieve growth,” said Pari Natarajan, Co-Founder & CEO, Zinnov Management Consulting. “Our study indicates that in the wake of increased competition within the R&D service provider market, these companies are demonstrating innovation as they embrace emerging macro trends such as convergence and mobility, enterprise adoption and cloud computing — allowing them to differentiate themselves and better serve their customers.”

Zinnov is a leading management consulting company founded in 2002, providing services in the area of Offshore Advisory, Human Capital Optimisation and Market Expansion and to Fortune 1000 companies. To create this year’s Global R&D Service Providers Rating, the company assessed the 44 participating companies on parameters such as Human capital, capabilities, financials, ecosystem linkages, infrastructure & business sustainability. Participants were then ranked in various verticals including aerospace and defence, automotive, computer peripherals and storage, consumer electronics, healthcare, industrial automation, semiconductor, software/ISV, telecommunication, transport, communication stack, and cloud computing.

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 rationalisation. Virtusa helps customers accelerate business outcomes by consolidating, rationalising and modernising 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.