VirtusaPolaris - Next Generation Application Outsourcing
Who Is This Vendor Assessment For? NelsonHall’s Next Generation Application Outsourcing Vendor Assessmentfor VirtusaPolaris is a comprehensive assessment of VirtusaPolaris’ nextgeneration application outsourcing offerings and capabilities designed for:
Sourcing managers monitoring the capabilities of existing suppliers of ITservices and identifying vendor suitability for cloud infrastructuremigration and management services Vendor marketing, sales and business managers looking to benchmarkthemselves against their peers Financial analysts and investors specializing in the cloud infrastructuremigration and management sector.
Key Findings & Highlights Virtusa was founded in 1996 and is headquartered in Massachusetts, U.S.Initially, it focused on working with product companies, providing productdevelopment capabilities, and incorporating an engineering mindset intoapplication development.In November 2015, Virtusa announced that it was acquiring Chennai-basedPolaris for ~$270m. Virtusa will combine Polaris' banking and financialservices application development and management business with itsbanking and financial services industry segment, and expects to realize over$100m of revenue synergies in the three years from the close of theacquisition.VirtusaPolaris positions its next generation application outsourcing workagainst the perceived objectives of its clients. Specifically, it positions itsofferings in terms of: customer experience through preemption of incidents,digital transformation, and outcome-driven engagements; cycle timecompression through the use of agile and DevOps capabilities; and costreduction.Headcount as of June 30, 2016, was 17,790, down 436 from 18,226 at theend of FY 2016 (ending March 31, 2016). NelsonHall estimates that ~16k ofthis is focused on ADM services.
Scope of the Report The report provides a comprehensive and objective analysis ofVirtusaPolaris’ next generation application outsourcing offerings,capabilities and market and financial strength, including:
Analysis of the company’s offerings and key service components Revenue estimates Identification of the company’s strategy, emphasis and newdevelopments Analysis of the profile of the company’s customer base including thecompany’s targeting strategy and examples of current contracts Analysis of the company’s strengths, weaknesses and outlook.