M&A Deal Summary

Virtusa Acquires ITMAGINATION

On April 4, 2024, Virtusa acquired information technology company ITMAGINATION

Acquisition Highlights
  • This is Virtusa’s 7th transaction in the Information Technology sector.
  • This is Virtusa’s 1st transaction in Poland.

M&A Deal Summary
Date 2024-04-04
Target ITMAGINATION
Sector Information Technology
Buyer(s) Virtusa
Deal Type Add-on Acquisition

Target

ITMAGINATION

Warsaw, Poland
ITMAGINATION is a technology consultancy focus on digital transformation, cloud computing, data analytics, and artificial intelligence. ITMAGINATION was founded in 2008 and is based in Warsaw, Poland.

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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 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.

DEAL STATS #
Overall 11 of 11
Sector (Information Technology) 7 of 7
Type (Add-on Acquisition) 11 of 11
Country (Poland) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-08 BRIGHT

London, United Kingdom

BRIGHT is an IT company specializing in digitalization and automation initiatives, drives innovation and efficiency for large enterprises across Europe.

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