What is Virtusa?
Virtusa Corporation is a global information technology services company providing a comprehensive suite of business and IT consulting, digital transformation, and application outsourcing services. The company specializes in areas such as omni-channel digital strategy, experience design, application portfolio rationalization, and cloud computing solutions. Virtusa serves diverse industries including communications and technology, banking, financial services, and insurance, and media. Founded in 1996, the company has evolved to become a key player in driving digital innovation and operational excellence for its clients worldwide.
How much funding has Virtusa raised?
Virtusa has raised a total of $2.1B across 2 funding rounds:
Stock Offering
$61.6M
Private Equity
$2B
Stock Issuance/Offering (2007): $61.6M, investors not publicly disclosed
Private Equity (2020): $2B led by Baring Private Equity Asia
Key Investors in Virtusa
Baring Private Equity Asia
Baring Private Equity Asia is a prominent private alternative investment firm with a focus on sponsoring buyouts and providing growth capital to companies globally, particularly those with expansion potential in the Asia Pacific region.
What's next for Virtusa?
The recent major strategic investment in Virtusa indicates a strong confidence from its backers in the company's future trajectory. This capital is likely to fuel further expansion into new markets, enhance its digital transformation capabilities, and support the development of innovative solutions for its client base. As an established player in the IT services landscape, Virtusa is well-positioned to leverage this financing to solidify its competitive advantage and pursue strategic growth opportunities, potentially through acquisitions or significant R&D investments.
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