SOUTHBOROUGH, Mass. – (March 10, 2020) – Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced it was named a Major Contender in the Life & Annuities Insurance Application and Digital Services PEAK Matrix^TM 2020 by Everest Group. Virtusa was also named a Star Performer based on demonstrating the most improvement over time among the 20 IT service organizations assessed.

Virtusa’s position was evaluated on two fronts: market impact that includes market adoption, portfolio mix, and value delivered; and vision and capability that includes vision and strategy, scope of services offered, innovation and investments, and delivery footprint.

Virtusa has a solid foundation built on decades of insurance industry experience. Combined with its innovation engineering, Virtusa provides measurable results on experience-led digital transformation initiatives. Virtusa's agile scrum teams, open innovation assets, and gamified tools and accelerators provide digital-only business models that drive the pace of innovation, transformation, and application execution for its clients.

“Virtusa works to dramatically improve the efficiencies of IT platforms and applications for clients by rationalizing, consolidating, modernizing, and converting core systems, specifically around cloud, to create galvanizing digital customer journeys that are connected front-to-back," said Ganesh Iyer, EVP, Insurance, Virtusa. “Virtusa’s intense industry-focus paired with its digital engineering capabilities increase velocity for clients when bringing new digital products and services to market."

To learn more about Virtusa Insurance offerings, please visit: virtusa.com/practice/insurance/

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