HYDERABAD, INDIA: Virtusa Corporation announced its foray into the Indian market and has recently started exploring India as revenue geography. The company believes that the Indian market, especially now, offers exciting opportunities for growth and expansion, as many Indian enterprises are driving significant changes in their existing IT systems to support their growing customer needs in a globalized and connected environment.

Leveraging Virtusa's Lean IT approach to simplifying complex IT environments through software platforming, Virtusa plans to assist Indian companies consolidate, modernize and rationalize core business processes.

Doug Mow, Senior VP — Marketing, Virtusa said, "According to Nasscom, the current domestic IT Services spend in India is estimated to touch $8.3 billion in 2009, growing 20 per cent over the previous year. Virtusa is looking at addressing this market."

"Through Virtusa's Global Delivery Model, Virtusa has demonstrated a strong track record of serving the technology needs of Global 2000 enterprises in banking, financial services and Insurance (BFSI), and telecom. We see real potential in the Indian markets for these verticals. Through our local sales organization, we are looking at targeting enterprises in the cities of Mumbai, New Delhi, Bengaluru, Chennai and Hyderabad, as part of our go-to-market strategy," added Krishna Murty Yamajala, VP and Head–India Center, Virtusa.

"The current economic environment is compelling companies to improve efficiencies across their IT and business processes. Our key differentiator is our 'Lean IT Approach' that reduces our client's IT costs and, enables our clients to realize business outcomes faster and our clients to meet their business goals even during difficult economic times," added Akhil Agarwal, VP and Global Head—BFSI, Virtusa.