Virtusa honored as a “Leader in Corporate Innovation” by the Indo-American Chamber of Commerce

by Shrutee K/DNS

Mumbai, (August 02, 2017): Virtusa Corporation (NASDAQ: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that, it has been recognized by IACC (Indo American Chamber of Commerce) as a Leader in Corporate Innovation (U.S company in India). The award was presented at the prestigious 13th Indo-American Corporate Excellence Awards ceremony held today.

Virtusa received the award for its strategic investments in emerging technologies and groundbreaking innovation labs under Digital, Robotic Process Automation, Internet of Things, Artificial Intelligence, Augment Reality. Virtusa developed these hubs of novel solutions to address the futuristic market needs, which help clients stay ahead of competition.

Mr. Srinivasan Jayaraman, EVP and SBU Head - Communications, Media, Information and Entertainment, received the award on behalf of Virtusa. While accepting the award he said, "I am truly honored to be receiving this award from IACC. Innovation is part of our ethos, and we are committed to investing in our team members and in technology platforms to help us deliver compelling value to our clients through domain and technology –led innovative solutions.”

“We are proud to be recognized by the IACC as a Leader in Corporate Innovation,” said Anup Uppadhayay, EVP & Global Head - Delivery for Enterprise Technology Services, Virtusa Corp. “Emerging technologies, like RPA, IoT, and AI, present significant opportunities for our clients to reimagine the contours of their businesses and the way they deliver distinctive digital experiences to their customers. This award, while recognizing the work we have done, also reinforces our belief in the critical value of nurturing an innovation culture, and supports our continued efforts to foster and accelerate our clients’ innovation journeys.”

The major objective of I-ACE Awards, 2017 is to recognize organizations and individuals that embody the promotion of Indo-US Trade and have made outstanding contributions impacting all spheres of the corporate ecosystem - business, industry and the overall community.

About Indo-American Chamber of Commerce:

The Indo-American Chamber of Commerce (IACC), established in 1968, is the apex bi-lateral Chamber synergizing India-US Economic Engagement. It was started by Ambassador Chester Bowles along with the then Industry leaders and visionaries like Mr. S L Kirloskar, Mr. Harish Mahindra, Mr. H. P. Nanda, Mr. Ambalal Kilachand, Mr. A. M. M. Arunachalam, Mr. Frederick Fales and Mr. John Oris Sims for enhancing US India Economic Engagement. Today IACC has pan India presence with 2400 members, representing a cross section of US and Indian Industry.

The major objective of IACC is to promote Indo-American business, trade and economic relations. IACC promotes bilateral trade, investment, and technology transfer, facilitates business collaborations, joint ventures, marketing tie-ups and strategic alliances through a set of proactive business-oriented initiatives.

IACC acts as a catalyst for the sustainable growth of business between India and the US. In its four decades of existence, IACC has established operational connectivity with a host of business, research and developmental institutions in India and US in order to leverage each other’s capabilities for enhancing Indo-US business relations. The Chamber continuously interacts with the Indian and US Governments and provides them feedback on bilateral issues relating to trade and investment. In essence, IACC also acts as a forum for its member companies to interact with senior functionaries of both the Governments.

IACC member companies are involved in a cross-section of business domains such as manufacturing, engineering, construction, consumer goods, electronics, IT, pharmaceuticals, consulting, travel and tourism, etc.

The geographical spread of IACC is unique as it operates through 10 offices located throughout the country. These are in Mumbai, Kolkata, Delhi, Chennai, Ahmedabad, Bangalore, Cochin, Hyderabad, Pune & Varanasi.

About Virtusa

Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of information technology (IT) consulting and outsourcing services that accelerate business outcomes for Global 2000 companies and leading software vendors in banking and financial services, insurance, healthcare, telecommunications, technology, and media & entertainment.

Virtusa helps CXOs' address the dual challenge of growing revenues while improving IT cost efficiencies. Virtusa's digital transformation & innovation (DTi) solutions enable clients to reimagine the customer experience, accelerate revenue growth and create lasting business value. The company’s operational excellence (OE) solutions help clients reduce risk, improve operational efficiencies, and lower IT costs.

Virtusa delivers services across the IT lifecycle, including consulting, solution design, technology selection, implementation, testing, and maintenance, including infrastructure support. With a strong heritage in software engineering, Virtusa is highly qualified to both develop and maintain software, using a proven platforming methodology and advanced Agile and Accelerated Solution Design techniques to reliably deliver results on time and within budget.

Holding a proven record of success across industries, Virtusa readily understands its clients' business challenges and uses its domain expertise to deliver distinctive, differentiated and innovative applications of technology to address its client critical business challenges. Examples include building the world's largest P&C claims modernization program; one of the largest corporate customer portals for a premier global bank; an order to cash implementation for a multinational telecommunications provider; and digital transformation initiatives for media and banking companies.

Through the acquisition of a majority interest in Polaris Consulting Services Ltd. in March 2016, Virtusa has created a robust platform to provide end-to-end solutions and services in banking and financial services, strengthening its positioning as a top, global FinTech services provider. Virtusa Corporation is headquartered in Massachusetts and has 50 offices across North America, Europe, and Asia.