(NASDAQ: VRTU), a global IT services company that offers a broad range of information technology services, including IT consulting, technology implementation and application outsourcing, announced that it has been recognized as a key R&D service provider for 2012, in the category of Independent Software Vendors (ISV) – Enterprise Software by Zinnov, a leading Globalization and Market Expansion Advisory Firm. The Zinnov study titled, “Global R&D Service Providers (GSPR) Rating 2012,” incorporates many geographies including the United States, India, China, Russia and Eastern Europe. The annual assessment is undertaken by Zinnov to help business leaders make qualified global engineering initiatives and to assist them in identifying the right partners across geographies.
For the second year in a row, Virtusa was recognized in the “Execution Zone” of Zinnov Zones, which identifies companies based on a high level of R&D practice maturity. Virtusa was honored for delivering complete product development as a true engineering partner, for its niche capabilities across different service types and for maintaining a strong client base of industry leaders. Companies in the Execution Zone have a presence in almost all sub verticals and are distinguished by their innovative practices. Furthermore, this zone recognizes companies such as Virtusa for having the capabilities to work in all business models, including Risk Reward and Revenue Share.
“We are extremely happy to have once again been included in Zinnov’s Global R&D Service Provider Rating,” said Kris Canekeratne, chairman and CEO at Virtusa. “Increasing industry pressures and demands have forced companies to rely heavily on software providers that have the experience, expertise and global presence to truly deliver business value. We are proud to be recognized and remain committed to helping our clients improve their business results.”
Founded in 2002, Zinnov – meaning Zeal in Innovation – is a leading management consulting company providing services in the area of Offshore Advisory, Market Expansion and Human Capital Optimization to Fortune 1000 companies. Zinnov works collectively with clients to tackle prevailing organizational challenges by analyzing the changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques, provides solutions that help in integrating organizational vision, business definition and processes.