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  6. Virtusa Acquires ConVista Consulting

M&A Deal Summary

Virtusa Acquires ConVista Consulting

On November 1, 2010, Virtusa acquired business services company ConVista Consulting for 25M USD

Acquisition Highlights
  • This is Virtusa’s 1st transaction in the Business Services sector.
  • This is Virtusa’s 5th largest (disclosed) transaction.
  • This is Virtusa’s 1st transaction in the United States.
  • This is Virtusa’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2010-11-01
Target ConVista Consulting
Sector Business Services
Buyer(s) Virtusa
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

ConVista Consulting

Boston, Massachusetts, United States
ConVista Consulting LLC is a provider in finance transformation, specifically focusing on high volume collection, disbursement, claims and billing systems in BFSI.

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Buyer(S) 1

Buyer

Virtusa

Southborough, Massachusetts, United States
Category Company
Founded 1996
Sector Information Technology
Employees10,364
Revenue 1.3B USD (2020)
DESCRIPTION

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

DEAL STATS #
Overall 1 of 11
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 1 of 11
State (Massachusetts) 1 of 1
Country (United States) 1 of 7
Year (2010) 1 of 1
Size (of disclosed) 5 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-05 ALaS Consulting

New York, New York, United States

ALaS Consulting LLC is a provider of consulting and advisory services to financial services companies.

Buy $28M
Mergr

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