VARINDIA IT MAGAZINE

Virtusa Corporation has announced the appointment of Madhavan Satagopan as Executive Vice-President for Non-Linear Business Strategies. Kris Canekeratne, Chief Executive Officer, Virtusa Corporation, said, "We are delighted to welcome Madhavan to the team, where he will work with the best people in the industry and drive excellence with his leadership ability, passion, and focus. I am confident that Madhavan’s experience and capabilities will add strength to our business leadership as we look to continue our strong growth and cement our role as the go-to partner for digital engineering services.” In this role, Madhavan will be responsible for driving changes in the company’s go-to-market approach towards non-linear business models, enhancing engagement in the partner and startup ecosystem, and improving the quantum and velocity of innovation for Virtusa and its clients. With over 24 years of experience in techno-domain specialization, Madhavan Satagopan brings a rem...

Hitachi and Virtusa have inked a global strategic partnership.   Both the companies will leverage their core competencies, industry IT solutions and thought leadership to provide joint services to their global clients and broader market. They will jointly provide value to clients by helping to increase operational and technology efficiency, implementing new functionalities and optimizing complex operational processes. “I believe that Virtusa provides a great fit for Hitachi. It is a strong technology partner with deep domain knowledge and industry-based solutions which complement and extend upon our own. By combining Hitachi’s strong programme management, Japanese market understanding, diverse capabilities in technologies and knowledge in Financial Services and other industries, I believe that our combined potential will be significant and continue to drive tremendous value for our clients,” said Masayoshi Ogawa, President of Financial Information Systems Divi...

Virtusa Corporation has announced availability of its ADOPT (Accelerated Domain solutions for Pega Testing) framework. The comprehensive testing platform for Pega-based applications will help deliver cost optimization without compromising on overall quality. As burgeoning new technology is putting power into customers’ devices, it is also placing a tremendous amount of pressure on organizations to innovate and introduce new products and services at an unprecedented pace. As a result, enterprises are making huge investments in business process management (BPM). While companies digitize and transform their business with Pega, they are challenged to reduce cost of quality and deliver in an agile environment with defect-free, right-first-time applications... Read more

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Virtusa Corporation  has reportedly signed a Memorandum of Understanding (MoU) with the  ICFAI Foundation for Higher Education , to engage in talent development programmes aimed at creating a pool of highly skilled Business Process Management (BPM) professionals trained on Pegasystems' technology platform. As part of the programme, Virtusa will provide BPM training to the faculty of science and technology at ICFAI University, while also collaborating on developing industry-oriented courseware and technical knowledge to support the curriculum. A dedicated elective course has been designed to teach these skills to interested students. Extending this initiative into the employment space, students who successfully complete this course, will become eligible to apply to internship positions at Virtusa to hone their skills in a real-world, business environment. "Our partnership with ICFAI to create a workforce of BPM professio...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Virtusa Corporation has announced that it has been named as Platinum Partner of Pegasystems. Pegasystems chose Virtusa based on its success implementing large-scale, high-quality, complex BPM projects using Pegasystems’ BPM platform. Frank Palermo, Senior Vice-President, Global Technical Solutions Group, Virtusa, said, “Pegasystems is an important partner for Virtusa, and reaching this pinnacle within its partner programme reflects much hard work and many successes. Our relationship with Pegasystems reaches from the field to the executive level, and this deep connection is the reason for our long and successful partnership. We are committed to the continued growth of Pegasystems and we are excited to be at the forefront of new, innovative technologies it brings to market.” John Barone, Vice-President of Global Strategic Alliances, Pegasystems, said, “We are thrilled that Virtusa is now a Pegasystems Platinum Partner. Virtusa ha...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Virtusa Corporation has been certified by the Corporate Research Foundation (CRF) Institute for the second year in a row as one of Britain's Top Employers for 2012. The company scored exceptionally well in the categories of Secondary Benefits & Working Conditions, Training and Development, and Career Development. Kris Canekeratne, Chairman & CEO, Virtusa said, "It is an honor to be named as one of Britain's Top Employers. We are committed to providing a work environment that is inspiring and conducive for innovation which provides a unique opportunity for continuous learning and career growth. This, combined with unrelenting focus on service excellence, allows Virtusa to consistently create and deliver solutions which enable our clients to accelerate their business outcomes and gain competitive advantage." Sundararajan Narayanan, Sr. Director, HR, US/Europe, Virtusa said, "We are delighted to receive this recog...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Virtusa Corporation has reported consolidated financial results for the third quarter fiscal year 2012, ended December 31, 2011. Revenue for the third quarter of fiscal 2012 was $72.2 million, an increase of 3% sequentially and 30% year-over-year on both a reported and constant currency basis. Virtusa has reported income from operations of $6.6 million for the third quarter of fiscal 2012, an increase compared to $5.5 million for the second quarter of fiscal 2012, and an increase compared to $5.0 million for the third quarter of fiscal 2011. Net income for the third quarter of fiscal 2012 was $5.6 million, or $0.22 per diluted share, an increase compared to $4.7 million, or $0.18 per diluted share, for the second quarter of fiscal 2012, and an increase compared to $4.2 million, or $0.17 per diluted share, for the third quarter of fiscal 2011. Net income for the third quarter of fiscal 2012 included $0.2 million of foreign currency transacti...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Virtusa has been selected as a finalist for the 2011 Global Awards for Excellence in Adaptive Case Management. Co-sponsored by the Workflow Management Coalition (WfMC) and KMWorld magazine, these awards recognize user organizations that have demonstrably excelled in implementing innovative adaptive case management (ACM) solutions. "This was a complex initiative to provide a consistent standard of service globally for the bank's Treasury clients. The solution provides the bank with the ability to handle client inquiries and exceptions globally without regard to what currency or global region the payment is initiated from. The solution provides global case management and tracking and has improved the customer experience, while also increasing productivity. Our client operates globally and has few thousand users across different geographies. We had to first determine what each location required and then we created one solid, centra...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Virtusa Corporation has announced that it has designed a customized migration assessment tool to help healthcare organizations determine the potential financial impact of transitioning from ICD-9 to ICD-10. The conversion, which is mandated to take effect by October 2013, will multiply the number of available diagnosis and procedure codes from the current 24,000 to more than 155,000. The end-result promises to positively transform the healthcare industry by ultimately reducing costs and improving the quality of patient care. Many healthcare organizations, however, are justifiably concerned about how the changeover will impact revenue cycles. Virtusa's complimentary, cloud-based financial modelling solution offers a resource that provides peace of mind and insight by allowing organizations to test various pricing scenarios and gauge the economic impact on different areas of operation, including: Billing and Payment Schemes Provider Bil...