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Virtusa Corp.

Southborough’s Virtusa to be acquired for $2B by Asian firm

Information-technology company Virtusa, based in Southborough, will be acquired by financial services firm Baring Private Equity Asia in an all-cash purchase of all outstanding shares of common stock valued at $2 billion.

Virtusa operated $200K in the red for the quarter, as revenues fell 6%

Information technology company Virtusa, based in Southborough, reported a $193,000 loss in its net income for the company's first quarter, according to an earnings report issued Thursday. 

Virtusa adds 10th member to board of directors

Southborough information technology company Virtusa Corp. has appointed the former CEO of India-based Wipro, Abidali Neemuchwala, to its board of directors, the company announced on Friday. 

Virtusa posts 6.5% rise in revenue, as profits stay flat

Virtusa Corp., a Southborough information-technology company, saw a 6.5% rise in revenue in the third quarter to hit $335 million, compared to the third quarter 2019, the firm announced late Thursday.
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🔒Visa program used by Central Mass. businesses for specialized workers under fire

When Central Massachusetts companies look to fill software, programming or research jobs, they’re increasingly looking to foreign labor under an immigrant work program called H-1B.

Virtusa partnering with University of Texas on data health research

Westborough IT services company Virtusa Corp. has partnered with The University of Texas Health Science Center at Houston, Cardinal Health, and Amazon Web Services to use artificial intelligence and machine learning techniques to advance medical research.

Virtusa stock slumps after downgraded 2020 expectations

Southborough’s global IT service provider Virtusa Corp. saw its stock price fall more than 17% on Friday after the company said reduced spending from a European banking client is impacting its outlook.

Virtusa reports 32% revenue bump, but $7.4M in Q1 losses

Southborough global IT firm Virtusa is facing a $7.4-million loss in its first quarter despite its revenues jumping 32 percent year-over-year and 6.6 percent sequentially.
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Virtusa revenue up but income falls

Virtusa Corp., a Westborough business consulting and information technology company, saw revenue jump by 11 percent in the quarter ending June 30, but income fell by 40 percent.

NYC firm invests $108M in Virtusa

A year after making a major investment in an India information technology firm, Westborough's Virtusa then got...
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