Deep Industry Insights and AI Technologies Shed New Light on Inefficiencies

SOUTHBOROUGH, Mass., (May 26, 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 today it is partnering with Mareana, a provider of enterprise-scale AI for supply chains, to help Life Sciences organizations optimize their supply chains.

Life Sciences companies, including medical device and drug manufacturers, use complex systems, massive amounts of data, and must adhere to strict regulatory compliance issues to bring products to market. Disruptions, at any point in the supply chain, from unpredictable yields to natural disasters or other global events, can dramatically impact the time and cost of delivering approved products.

Virtusa's deep Life Sciences experience combined with Mareana's qSuite AI, ML, and big data analytics offerings for Life Sciences supply chain, will help customers improve gross margins and working capital to streamline operations.

"By working together, Virtusa and Mareana can provide valuable insights to massive amounts of unstructured data, which has limited Life Sciences organizations’ ability to optimize their supply chain in the past,” said Anthony Lange, SVP, Healthcare and Life Sciences, Virtusa. "The qSuite platform addresses critical issues, providing previously hidden insights that create business value."

"Be it helping a pharmaceutical client comply with digitizing paper batch records, demystifying the causes of product discards, or a medical device company reduce inventory by extracting duplicate parts from engineering drawings, qSuite can bring fast and efficient solutions that are both operationally and financially significant," said Manish Varma, CEO, Mareana. “This partnership with Virtusa now provides a client footprint far greater than before to scale the qSuite platform and its benefits quickly."

Under this agreement, Virtusa and Mareana will work closely to provide the qSuite platform, a talent pool that helps client development and utilization, and a managed services model that can support the ongoing needs of the client more cost effectively.