Virtusa - M&A Summary, Ownership, and Business Overview

Information TechnologyCompany

Virtusa M&A Summary

Virtusa has acquired 11 companies of its own, including 3 in the last 5 years.

Virtusa’s largest acquisition to date was in 2016, when it acquired Polaris Consulting & Services for $171M. Virtusa has acquired in 6 different US states, and 5 countries. The Company’s most targeted sectors include information technology (64%) and business services (28%).

Virtusa Ownership

Who owns Virtusa?

Virtusa is owned by Baring Private Equity Asia. It was acquired on September 10, 2020.

Is Virtusa PE-backed?

Yes. Virtusa is owned by private equity investor Baring Private Equity Asia.

Virtusa Business Overview

Where is Virtusa headquartered?

Virtusa is headquartered in Southborough, Massachusetts.

What is Virtusa’s revenue?

Virtusa disclosed revenue of 1,312M USD for 2020 and 1,248M USD for 2019.

How many employees does Virtusa have?

Virtusa has 10,364 employees.

What sector is Virtusa in?

Virtusa is an information technology company.

When was Virtusa founded?

Virtusa was founded in 1996.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity11
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Advisors 3

Virtusa Corp.

132 Turnpike Road, Suite 300,
Southborough, Massachusetts 21745
United States,
(508) 389-7300
www.virtusa.com

Virtusa Corp. provides end-to-end information technology (IT) services to companies. Services include IT consulting, application maintenance, development, systems integration, and managed services. Virtusa was formed in 1996 and is based in Westborough, Massachusetts. Virtusa was founded in 1996 and is based in Southborough, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 8 - - - 1 2 11
vol $425M $425M
Sell (0.0/yr) # - - - - - - 0
  11

Most Recent M&A

Company Date Value Type
ITMAGINATION Sp. z o.o. 2024-04-04 - Add-on Acquisition
Warsaw, Poland · www.itmagination.com
BRIGHT Ltd. 2024-02-08 - Add-on Acquisition
London, United Kingdom · www.bright.consulting
Factor Creative LLC 2023-09-11 - Add-on Acquisition
Walnut Creek, California · www.factorsf.com
eTouch Systems 2018-03-12 140M USD Add-on Acquisition
Fremont, California · www.eTouch.net
Polaris Consulting & Services Ltd. 2016-03-03 171M INR Add-on Acquisition
Chennai, India · www.polarisft.com
Agora Group, Inc. 2015-07-28 8M USD Add-on Acquisition
Atlanta, Georgia · www.agora-group.com
Apparatus, Inc. 2015-04-01 34M USD Add-on Acquisition
Indianapolis, Indiana · www.apparatus.net
TradeTech Consulting Scandinavia AB 2014-01-06 20M USD Add-on Acquisition
Stockholm, Sweden · www.tradetechconsulting.com
OSB Consulting LLC 2013-11-01 - Add-on Acquisition
Warren, New Jersey
ALaS Consulting LLC 2011-07-05 28M USD Add-on Acquisition
New York, New York · www.alascorp.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 7 (64%) 373M (88%) - -
Business Services 3 (27%) 53M (12%) - -
Marketing 1 (9%) - - -
Total 11 $425M - -

By Geo

State/Country Buy Value Sell Value
United States 7 234M - -
  California 2 140M - -
  New York 1 28M - -
  New Jersey 1 - - -
  Massachusetts 1 25M - -
  Indiana 1 34M - -
  Georgia 1 8M - -
India 1 171M - -
Poland 1 - - -
Sweden 1 20M - -
United Kingdom 1 - - -
Domestic 7 (64%) 234M (55%) - -
Cross-border 4 (36%) 191M (45%) - -
Total 11 $425M - -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
1
Legal Deals
Goodwin Procter
1
ALMT Legal
1

Deal Values

buy # Total
$100M to $1B 2 $311M
< $100M 5 $114M
TOTAL $425M
Largest Polaris Consulting & Services Ltd.
$171M (2016-03-03)

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