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Virtusa Named a Leader in Everest Group Banking and Financial Services IT Services Specialists PEAK Matrix® Assessment 2025
Tuesday, April 22, 2025
Recognized for BFS Expertise, Stakeholder-Centric Engagement, and Ecosystem-Driven Innovation
SOUTHBOROUGH, Mass., April 14, 2025 /PRNewswire/ -- Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT services, today announced that it has been positioned as a Leader in the recently published Everest Group Banking and Financial Services (BFS) IT Services Specialists PEAK Matrix(®) Assessment 2025. The report evaluates firms that deliver domain-intensive, stakeholder-centric solutions. Virtusa was recognized for its deep BFS domain expertise, client-first delivery model, and ability to drive tangible business outcomes for global financial institutions.
"Being named a Leader in Everest Group's BFS IT Services Specialists PEAK Matrix(®) 2025 is a strong endorsement of our commitment to engineering value in the BFS sector," said Sanjay Deshpande, Executive Vice President & Head of Banking, Communications and Emerging Industries at Virtusa. "Our platform-centric approach, strong industry partnerships, and ability to tailor engagements to the needs of CXOs and enterprise stakeholders help clients accelerate modernization, reduce costs, and remain competitive in a rapidly evolving landscape."
Virtusa's leadership position reflects its ability to deliver end-to-end digital transformation for BFS clients through ecosystem-driven innovation. The company has established strategic partnerships with hyperscalers and technology providers to close capability gaps and drive differentiated value. Enterprises have also commended Virtusa's client engagement model, which includes direct sponsorship from CEO or CXO levels in large accounts.
"Virtusa's sustained focus on digital engineering excellence and a differentiated go-to-market strategy--anchored in partnerships, offerings, and domain competencies--has strengthened its market standing in the banking and financial services IT landscape," says Pranati Dave, Practice Director, Everest Group. "Clients have lauded Virtusa's advisory-led approach and POC-driven engagements, particularly around generative AI, which reinforce business value. These distinctive capabilities, combined with its breadth across core modernization, open banking, FinCrime, and sustainability, have helped Virtusa earn a Leader recognition on Everest Group's inaugural Banking and Financial Services (BFS) IT Services Specialists PEAK Matrix(®) Assessment 2025."
Virtusa has demonstrated strong capabilities in core banking, insurance, data analytics, and AI/ML, delivering cost-effective solutions that drive growth and cross-sell opportunities for clients navigating today's complex regulatory and technological landscapes.
Learn more about our BFS services: https://www.virtusa.com/industry/bfs
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's?PEAK Matrix(®)?assessments?provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the?PEAK Matrix(®)?to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth?content at? www.everestgrp.com.?
About Virtusa
Virtusa Corporation is a global provider of digital engineering and technology services and solutions for Forbes Global 2000 companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide. At Virtusa, digital engineering is at the heart of everything we do. We are 27,000 builders, makers, and doers that partner with customers to reimagine enterprises and creatively build solutions to the most pressing business challenges that move them to the forefront of their industries. Outperforming companies that use customer data extensively to improve how they generate demand and service the products they sell
Virtusa's unique Engineering First approach means never presenting an idea we can't execute. With deep industry expertise and empowered agile teams made up of world-class talent, we think about execution early in the process, because the earlier you think about execution the earlier an idea can have an impact. Solving from the inside out enables businesses to respond swiftly to changing needs with improved quality, lower costs, and lasting results.
Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.
Disclaimer
Licensed extracts taken from Everest Group's PEAK Matrix(®) Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group's?PEAK Matrix(®)?reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group's analysts and included in Everest Group's?PEAK Matrix(®)?reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix(®) Reports.?
Media Contact:
Paul Lesinski
Edelman
(971) 226-5299
paul.lesinski@edelman.com
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SOURCE Virtusa Corporation
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