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Virtusa Acquires InSource

Windsor, Conn.-based Insource, which provides management consulting with an IT component, will be able to expand its offerings by becoming a wholly owned subsidiary of Virtusa.

Global IT services company Virtusa (Westborough, Mass.) has acquired Windsor, Conn.-based InSource, a management consulting firm focused predominantly on the insurance industry.

InSource, whose offerings to clients include a strong IT component, has said that its existing staff of about 50 individuals will remain the same. In the coming weeks, the company will be contacting its business partners, among whom are some of the largest insurance companies in the United States, to discuss expanded offerings available through the InSource/Virtusa model, according to a source interviewed by Insurance & Technology.

"The synergies between Virtusa and InSource are exciting for our entire team," says David Shalaby, president and founder of InSource. "While continuing to provide the same level of service we do today, our clients can instantly benefit from a proven, global, delivery model for technical solutions that is scalable to any size."

Kris Canekeratne, Virtusa's Chairman and CEO, welcomed the InSource team. "Since the beginning of 2009, we have partnered with InSource to deliver comprehensive business solutions that combined their IT strategy and program management expertise with our technology capabilities and global delivery model. We have seen firsthand the benefits of the combination and are confident in our ability to take our expanded value proposition to existing and future clients in the insurance and healthcare industries."

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio

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