M&A Deal Summary

Virtusa Acquires Polaris Consulting & Services

On March 3, 2016, Virtusa acquired information technology company Polaris Consulting & Services for 11.4B INR

Acquisition Highlights
  • This is Virtusa’s 4th transaction in the Information Technology sector.
  • This is Virtusa’s 0th largest (disclosed) transaction.
  • This is Virtusa’s 1st transaction in India.

M&A Deal Summary

Date 2016-03-03
Target Polaris Consulting & Services
Sector Information Technology
Buyer(s) Virtusa
Deal Type Add-on Acquisition
Deal Value 11.4B INR
Advisor(s) Credit Suisse Investment Banking
Spark Capital (Financial)
J. Sagar Associates (Legal)

Target

Polaris Consulting & Services

Chennai, India
Polaris Consulting & Services Ltd. is a provider of end-to-end information technology (IT) services.

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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 7 of 11
Sector (Information Technology) 4 of 7
Type (Add-on Acquisition) 7 of 11
Country (India) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 Agora Group

Atlanta, Georgia, United States

Agora Group, Inc. is an IT consulting organization focused on implementing and integrating business process management (BPM) solutions on leading BPM suites.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 eTouch Systems

Fremont, California, United States

eTouch Systems is a technology services company that specializes in Digital Web Engineering. We deliver technology services and accelerate growth for Global 1000 companies by solving complex business challenges with breakthrough technical innovations. We partner with leading global hi-tech enterprises to service their business and technology needs.

Buy $140M