Virtusa

About

Virtusa is a leading worldwide provider of next-gen information technology (IT) consulting and outsourcing services

Southborough,Massachusetts,United States
10001 - max
http://www.virtusa.com

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $13.50M
Industries: Banking,Consulting,Information Technology,Life Science,Outsourcing,Software,Telecommunications
Founded date: Jan 1, 1996
Number Of Employee: 10001 - max
Operating Status: Active
Stock Symbol: nasdaq:VRTU
Legal Name: Virtusa Corporation

Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive business forward at unparalleled velocity enabled by a culture of cooperative disruption.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

6

$215.59M

Virtusa has raised a total of $215.59M in funding over 2 rounds. Their latest funding was raised on May 3, 2017 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
May 3, 2017	Post-IPO Equity	$108M	1	The Orogen Group	—	Detail
Aug 3, 2007	IPO	$61.60M	—	—	—	Detail
Apr 29, 2004	Series D	$20M	4	Focus Ventures	—	Detail
Nov 25, 2002	Series C	$6.49M	3	—	—	Detail
Feb 1, 2001	Series B	$6M	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

0

Virtusa has made 1 investments. Their most recent investment was on Jun 29, 2000, when Infinata raised 0.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jun 29, 2000 Infinata	Series A	—	Analytics	—

Investors

Number of Lead Investors

Number of Investors

3

6

Virtusa is funded by 6 investors. The Orogen Group and Focus Ventures are the most recent investors.

Investor Name	Lead Investor	Funding Round
The Orogen Group	Yes	Post-IPO Equity
Focus Ventures	Yes	Series D
CRV	—	Series D
Globespan Capital Partners	—	Series D
Sigma Partners	—	Series D
JAFCO Asia	—	Series C

Employee Profiles

Number of Employee Profiles

29

Virtusa has 29 current employee profiles, including Employee Ashish Thakur

Employee

Executive

Executive

Executive

Employee

Exits

Virtusa has had 1 exits. Virtusa most notable exits include Infinata

Date	Company Name	Exit Type	Industry
Mar 19, 2017	Infinata	M&A	Analytics	Detail

Acquisition

Virtusa has acquired 6 organizations. Their most recent acquisition was Alas Consulting on Jul 5, 2011. They acquired Alas Consulting for $28M.

Date Company Name	Industry	Acquisition Type	Price
Jul 5, 2011 Alas Consulting	Consulting	acquisition	$ 28M	Detail
Nov 1, 2013 OSB Consulting	Consulting	—	—	Detail
Jan 6, 2014 TradeTech Consulting	Consulting	acquisition	$ 20M	Detail
Apr 3, 2015 Apparatus	Software	acquisition	$ 37.40M	Detail
Nov 1, 2015 Polaris Consulting & Services Limited	Financial Services	acquisition	$ 270M	Detail