Virtusa Forays into Indian IT Services Market

by CXOtoday Staff    Jul 02, 2009

Virtusa Corporation, a global information technology (IT) services company, with client base in USA and Europe, has announced its foray into the Indian market.

Doug Mow, senior vice president Marketing, Virtusa said, According to NASSCOM, the current domestic IT Services spend in India is estimated to touch $8.3 billion in 2009, growing 20% over the previous year. Virtusa is looking at addressing this market.

Virtusa intends to target the banking and financial services sector in India, which is also its core focus area globally. We see real  potential in the Indian markets  for these verticals. Through our local sales organisation, we are looking at targeting enterprises in the cities of Mumbai, Delhi, Bangalore, Chennai and Hyderabad, as part of our go-to-market strategy , said Krishna Murty Yamajala, vice president and India center head, Virtusa.

The current economic environment is compelling companies to improve efficiencies across their IT and business processes. Our key differentiator is our Lean IT Approach that reduces our client s IT costs and, enables our clients  to realize business outcomes faster and our clients to meet their business goals even during difficult economic times. , said Akhil Agarwal, vice president and global head (BFSI), Virtusa.

 The company has recently started exploring India as a revenue geography. The company believes that the Indian market, especially now, offers exciting opportunities for growth and expansion, as many Indian enterprises are driving significant changes in their existing IT systems to support their growing customer needs in a globalized and connected environment.