The Hindu Business Line : Virtusa plans to add 1,000 more at 3 centres

VIRTUSA, an IT services company, has said that it plans to add 1,000 professionals to its operations in Chennai, Hyderabad and Colombo in the next 12 months.

"In the coming 12 months, we plan to add 300-400 people in the Hyderabad centre, about 300 people in Chennai and between 200 and 300 in the Colombo facility," said Mr Santanu Paul, General Manager and Head of Productisation.

Currently, the development work of the US-headquartered Virtusa happens in Asia.

While the Hyderabad and Chennai facilities have 1,100 and 200 professionals respectively, the centre in Colombo houses 700 professionals.

The US office, with about 100 employees, has a customer-facing functionality, he said.

For Virtusa, which delivers product engineering services and platforming services, as much as 50 per cent of revenues come from the hi-tech and independent software vendor (ISV) sectors and the rest from telecom, financial services and retail verticals.

It also has preliminary customers in the healthcare and insurance segments.

"Traditionally, we have been growing between 50-60 per cent in the last few years, but last year we grew at 74 per cent as there was a tremendous growth in product engineering and the platform services market," said Mr Paul, adding that 80 per cent of revenue growth comes from existing customers.

"We were very much a project-centric company, but now we are moving towards noble delivery centre."

Mr Paul also said that Virtusa was not looking at India as a market at this point and would focus on strengthening its hold in Europe.

"Till now, nearly 100 per cent of our revenues were coming from the US. This year, we started looking at Europe."

Europe as a market will get a lot of focus in the next two years, he added.

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