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Virtusa completes acquisition of ITMAGINATION to enhance digital transformation capabilities

Apr 04, 2024•over 1 year ago

Acquiring Company

Virtusa Corporation

Acquired Company

ITMAGINATION Sp. z o.o

SouthboroughWarsawInformation TechnologyArtificial IntelligenceInformation TechnologySoftwareAnalytics

Description

Virtusa Corporation has announced the acquisition of ITMAGINATION Sp. z o.o., aiming to strengthen its digital transformation offerings and expanding its nearshore delivery capabilities. This strategic move reflects Virtusa's commitment to enhancing its digital transformation capabilities and leveraging Poland's large tech talent pool and strong engineering culture.

Company Information

Company

Virtusa Corporation

Location

Southborough, Massachusetts, United States

About

Virtusa Corporation is a global provider of digital strategy, digital engineering, and information technology (IT) services. They offer a diverse range of business solutions and have a strong presence in the European market.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed