# Virtusa

> Virtusa is a global IT services and digital engineering firm founded in 1996 that helps banks, insurers, healthcare payers, telecoms and other enterprises modernize legacy systems and build cloud-native, AI-powered software. Owned by EQT (via Baring Private Equity Asia) since 2021, it employs roughly 30,000+ people across the Americas, Europe and Asia and organizes its work around an 'Engineering First' philosophy - now anchored by its Helio generative-AI platform.

- **Founded:** 1996
- **Headquarters:** Southborough, Massachusetts, United States
- **Founders:** Kris Canekeratne (Co-founder, former Chairman & CEO), Tushara Canekeratne (Co-founder), John Gillis (Co-founder), Sandy Gillis (Co-founder)
- **Team size:** ~30,000-35,000 employees
- **Products:** Digital Engineering, IT & Business Consulting, Cloud & Data Transformation, Virtusa Helio
- **Notable:** Grew from a four-founder startup in 1996 into a global firm of roughly 30,000+ employees., Completed a 2007 NASDAQ IPO that raised approximately $75 million., Acquired by Baring Private Equity Asia in a ~$2.0 billion all-cash take-private in February 2021.

## Products & services

- **Digital Engineering** — Product and platform engineering, application development and modernization, and legacy asset management for large enterprises.
- **IT & Business Consulting** — Digital strategy, systems integration, and industry-specific consulting across banking, insurance, healthcare, telecom, and media.
- **Cloud & Data Transformation** — Cloud migration, cloud-native application development, data engineering and analytics services across AWS, Azure and Google Cloud.
- **Virtusa Helio** — A suite of platforms, accelerators and consulting services that helps enterprises adopt and scale generative AI with an end business outcome in mind.

## Achievements

- Grew from a four-founder startup in 1996 into a global firm of roughly 30,000+ employees.
- Completed a 2007 NASDAQ IPO that raised approximately $75 million.
- Acquired by Baring Private Equity Asia in a ~$2.0 billion all-cash take-private in February 2021.
- Acquired Polaris Consulting & Services (2015) to deepen its banking and financial-services engineering depth.
- Launched the Virtusa Helio generative-AI platform in May 2024, backed by a 450+ engineer GenAI Center of Excellence.
- Expanded via a string of acquisitions across Poland (ITMAGINATION), Bulgaria (BRIGHT) and Australia (Mav3rick).

## Latest updates

- **2025-02** — Nitesh Banga appointed President & CEO, succeeding Santosh Thomas, who stepped down to pursue outside opportunities and stayed on as a strategic advisor during the transition.
- **2025-01** — Continued acquisition streak with deals including Mav3rick (Australia) and Sincera to add engineering and data capabilities.
- **2024-05** — Launched Virtusa Helio, a GenAI suite of platforms, accelerators and consulting services built on the company's Engineering First ethos.

## Links

- Website: https://www.virtusa.com
- LinkedIn: https://www.linkedin.com/company/virtusa
- Twitter/X: https://twitter.com/virtusacorp
- GitHub: https://github.com/virtusa
- YouTube: https://www.youtube.com/user/virtusacorp
- Instagram: https://www.instagram.com/virtusacorp
- Facebook: https://www.facebook.com/Virtusa

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Profile page: https://yespress.io/virtusa
Published by YesPress — https://yespress.io
Last updated: 2026-08-12