About Virtusa
Virtusa is a company based in Westborough (United States) founded in 1996 by Sandy Gillis and Kris Canekeratne was acquired by EQT in September 2020. It operates as a Professional Services, and AI-as-a-Service. Virtusa has raised $45.24 million across 8 funding rounds from investors including EQT, New Mountain Capital and Sigma Partners. Virtusa has completed 11 acquisitions, including ALaS Consulting, Agora Group and BRIGHT. Virtusa offers products and services including Virtusa Helio, Consult & Design, Engineer & Automate, and Analyze & Optimize. Virtusa operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Westborough, United States
- Founders Sandy Gillis, Kris Canekeratne
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Virtusa Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.24 M (USD)
in 8 rounds
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Latest Funding Round
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Investors
EQT
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
ALaS Consulting
& 10 more
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Acquired by
EQT
(Sep 10, 2020)
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Products & Services of Virtusa
Virtusa offers a comprehensive portfolio of products and services, including Virtusa Helio, Consult & Design, Engineer & Automate, and Analyze & Optimize. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enterprise innovation is driven by generative AI solutions.
Custom solutions are engineered for specific business needs.
Seamless experiences are built for operational efficiency gains.
Challenges are uncovered to optimize business performance metrics.
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Software Development Team
196 people
Leadership Team
86 people
Lead Team
24 people
Sales and Marketing
22 people
Senior Team
13 people
Consultant Team
8 people
Data Analysis and Operations Team
8 people
Finance and Accounting
7 people
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Funding Insights of Virtusa
Virtusa has successfully raised a total of $45.24M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Last Round
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Post-IPO - Virtusa | Valuation |
investors |
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| Jul, 2020 | Amount | Post-IPO - Virtusa | Valuation |
investors |
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| May, 2017 | Amount | Post-IPO - Virtusa | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Virtusa
Virtusa has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include EQT, New Mountain Capital and Sigma Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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New Mountain Capital manages investments in private equity, credit, and net lease strategies.
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Founded Year | Domain | Location | |
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Early-stage VC investments are made in US, Canada, and Asia.
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Founded Year | Domain | Location | |
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CRV is recognized as a venture capital firm investing in technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Virtusa
Virtusa has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include ALaS Consulting, Agora Group and BRIGHT. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Breathing training services are provided from Zurich, Switzerland.
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2021 | ||||
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IT service suite solutions are provided for business needs.
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2017 | ||||
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Delivers innovative engineering solutions for semiconductors, embedded, and automotive systems globally.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Virtusa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Virtusa Comparisons
Competitors of Virtusa
Virtusa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Virtusa
Frequently Asked Questions about Virtusa
When was Virtusa founded?
Virtusa was founded in 1996 and raised its 1st funding round 4 years after it was founded.
Where is Virtusa located?
Virtusa is headquartered in Westborough, United States. It is registered at Westborough, Massachusetts, United States.
Who is the current CEO of Virtusa?
Kris Canekeratne is the current CEO of Virtusa. They have also founded this company.
Is Virtusa a funded company?
Virtusa is a funded company, having raised a total of $45.24M across 8 funding rounds to date. The company's 1st funding round was a Post-IPO of $108M, raised on Jun 01, 2000.
What does Virtusa do?
Virtusa is engaged in providing digital transformation and engineering solutions across various industries. Services are offered in sectors such as banking, healthcare, insurance, retail, and high tech. Innovative approaches like generative AI through Virtusa Helio are utilized to drive enterprise innovation. Solutions are tailored to meet industry benchmarks, optimize service levels, and enhance operational efficiencies. Clients worldwide are supported in navigating complex business challenges with technology paradigms including cloud, AI, and IoT.
Who are the top competitors of Virtusa?
Virtusa's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
What products or services does Virtusa offer?
Virtusa offers Virtusa Helio, Consult & Design, Engineer & Automate, and Analyze & Optimize.
How many acquisitions has Virtusa made?
Virtusa has made 11 acquisitions, including ALaS Consulting, Agora Group, and BRIGHT.
Who are Virtusa's investors?
Virtusa has 7 investors. Key investors include EQT, New Mountain Capital, Sigma Partners, CRV, and Globespan Capital Partners.
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