Virtusa Corporation (NASDAQ GS: VRTU), has been positioned by Gartner, Inc. in the Visionaryquadrant of the 2017 Magic Quadrant forIT Services for Communications Service Providers (CSPs), Worldwide. The report, published on July 19, 2017, evaluated Virtusa along with 16 other CSPs. Virtusa is the only company positioned in the Visionary section of the Magic Quadrant.
According to Gartner, “This edition of the Magic Quadrant project demonstrates that communications service providers (CSPs) are continuing with various transformation projects as compared with previously seen business process outsourcing (BPO) or simple application development/maintenance outsourcing.” Gartner adds, “This scenario makes the role of IT services providers important from CSPs’ future readiness perspective.”
“In recognizing us as a visionary in this year’s Magic Quadrant, Gartner is affirming that we are at the forefront of helping our clients reimagine their business and establish themselves as undisputed leaders in the markets they serve,” said Srinivasan Jayaraman, global head of Communications, Media, Information and Entertainment (CMIE), Virtusa.
“We have worked closely with our CSP clients on their journeys to digitally transform their business and achieve competitive advantage.
They are partnering with Virtusa to help accelerate innovation velocity, and use technology and domain solutions effectively to support business growth and enhance consumer experience. We leverage our product engineering heritage and ‘Telco of the Future’ innovation labs, along with a business consulting-led approach and strong partner ecosystem, to build targeted industry solutions to meet these and other CSP business goals.”
Virtusa’stelco labs empower CSPs to bring customers and partners together through a single platform, enabling them to jumpstart their transformation processes while providing opportunities to co-create and co-innovate across such areas as blockchain, analytics and artificial intelligence (AI).
Currently, Virtusa is driving several large digital transformation programs, leveraging customer and digital maturity indexes, customer experience assessment frameworks, SDLC automation, benchmarking tools, and solution accelerators, through wireline and wireless technologies developed in its telco labs. By leveraging the innovative capabilities of the telco labs, CSPs can develop necessary expertise to deliver their concepts to market quickly while reducing their transformation cycle time by 50 percent.
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