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The acquisition expands Virtusa's European presence to support growing demand for business transformation, modernization and cost optimization initiatives.
SOUTHBOROUGH, Mass., April 4, 2024/PRNewswire/ -- Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services, today announced the acquisition of ITMAGINATION Sp. z o.o., a top-level technology consultancy based in Warsaw, Poland. This strategic move reflects Virtusa's commitment to enhance its digital transformation offerings and expand its overseas delivery capabilities.
Founded in 2008, ITMAGINATION has established itself as a trusted partner for organizations seeking innovative solutions to complex business challenges. Focusing on digital transformation, cloud computing, data analytics and artificial intelligence, ITMAGINATION has earned a reputation for delivering customized technology solutions that drive business growth and efficiency for clients across Europe and North America.
The acquisition of ITMAGINATION significantly strengthens Virtusa's capabilities to offer advanced offshore delivery in Poland, leveraging the country's large technology talent pool and its strong engineering culture and competence, reflected in its high rankings in the competence. By combining Virtusa's deep domain expertise and global delivery model with ITMAGINATION's technical excellence and strong local presence in Europe, the combined entity is poised to deliver enhanced value to customers seeking to accelerate their transformation journeys. digital.
"We are excited to welcome ITMAGINATION to the Virtusa family. Their deep technical expertise and strong track record in delivering transformative digital solutions align perfectly with Virtusa's vision of empowering businesses to thrive in the digital age. Together, we will be better positioned to address our customers' evolving needs and drive innovation at scale," said Santosh Thomas, CEO of Virtusa.
Dawid Łaziński, Co-Founder of ITMAGINATION, added: "Joining forces with Virtusa represents an exciting opportunity for ITMAGINATION to amplify our impact, reach and advance our mission to accelerate innovation. Together, we will leverage our combined strengths and fields of expertise to deliver value "even greater to our clients, helping them navigate the complexities of digital transformation and achieve their business objectives."
The alignment between Virtusa and ITMAGINATION is evident in the companies' missions: Virtusa's engineering-first approach and ITMAGINATION's mission to accelerate innovation. Powered by some of Europe's best technology talent, this partnership will help our clients leverage the best technology in the most efficient way to optimize their operations, solve their toughest business challenges and achieve bold transformation.
Financial details of the transaction have not been disclosed.
About ITMAGINATIONITMAGINATION is a technology consultancy based in Warsaw, Poland, with a mission to accelerate innovation and focus on digital transformation, cloud computing, data analytics and artificial intelligence. Since its inception in 2008, ITMAGINATION has enabled more than 275 organizations to harness the power of technology to drive business growth. For more information, visit https://www.itmagination.com.
About VirtusaVirtusa Corporation is a global provider of digital technology and engineering services and solutions to Forbes Global 2000 companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing and technology industries worldwide. At Virtusa, digital engineering is at the center of everything we do. We are 30,000 builders, creators and entrepreneurs who partner with clients to reimagine businesses and creatively create solutions to their most pressing business challenges that bring them to the forefront of their industries.
Virtusa's unique engineering-first approach means never presenting an idea we can't execute. With deep industry experience and agile, skilled teams comprised of world-class talent, we think about execution early in the process, because the sooner you think about execution, the sooner an idea can have an impact. Solving from the inside out allows companies to respond quickly to changing needs with better quality, lower costs and lasting results.
Virtusa is a registered trademark of Virtusa Corporation. All other company names and brands may be trademarks or service marks of their respective owners.
Media Contact:Matt FlanneryEdelman(203) 856-2006matt.flannery@edelman.com
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