# Virtusa Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/virtusa

- Industry: Business Support Services
- Headquarters: Southborough, US
- Website: www.virtusa.com
- Total disclosed funding: $20M
- Latest round: Series D (Apr 29, 2004)
- Investors on record: 4

## About

Virtusa Corporation, based in the US, specializes in digital engineering and consulting services to facilitate digital transformation for businesses across various sectors.Founded in 1996 in Southborough, US, Virtusa Corporation provides technology solutions aimed at enhancing digital transformation. The company underwent an IPO in August 2007, raising USD 61.6 mn by pricing 4.4 million shares at USD 14. Virtusa is co-founded by AnanthaKrishna MA, Dale Anderson, and others, and currently led by CEO Clive Corder.Virtusa is a leading provider of digital engineering and consulting services, primarily focusing on driving digital transformation through its core offerings in generative AI solutions, cloud modernization, and enterprise automation. The company's flagship product, Virtusa Helio, leverages generative AI to fuel innovation, helping businesses create tailored solutions that address their most pressing challenges. With over 25 years of experience, Virtusa serves a diverse client base across multiple industries, including healthcare, banking and financial services, insurance, and consumer packaged goods. Their solutions are designed to enhance operational efficiency and improve customer engagement, catering to enterprises seeking to modernize their technological infrastructure. Virtusa markets its products primarily in North America, Europe, and Asia, focusing on sectors that require rapid adaptation to changing digital landscapes.In the most recent fiscal year, Virtusa reported revenue of USD 1,312.28 mn and an EBITDA of USD 113.94 mn. The company's revenue is generated through a combination of consulting services, software development, and managed services contracts with a diverse range of clients, including large corporations and industry leaders. The business employs a B2B transaction structure, engaging clients in partnerships or projects that involve custom software development and subscription-based services.Virtusa is focused on expanding its product offerings, particularly through the continued development of Virtusa Helio and other generative AI solutions. The company aims to penetrate new markets in Asia and Europe by 2025, utilizing its recent funding of USD 2,000 mn from the Public to Private round led by BPEA EQT. This funding will support initiatives for product development and geographic expansion, reinforcing the company's commitment to meeting the evolving needs of its clients.

## Funding rounds

- Series D, Apr 29, 2004, $20M — CRV, Focus Ventures, Globespan Capital Partners, Sigma Prime Ventures

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Series D
- Focus Ventures (https://capitalatlas.ai/funds/focus-ventures) — Series D
- Globespan Capital Partners (https://capitalatlas.ai/funds/globespan-capital-partners) — Series D
- Sigma Prime Ventures (https://capitalatlas.ai/funds/sigma-prime-ventures) — Series D