Virtusa Partners with the IBRI to Drive Innovation and Accelerate Therapy Research

SOUTHBOROUGH, Mass.–(BUSINESS WIRE)–Virtusa
Corporation
 (NASDAQ GS:VRTU), a global provider of digital strategy,
digital engineering, and IT outsourcing services that accelerates
business outcomes for its clients, today announced its collaboration
with the Indiana Biosciences Research Institute (IBRI) to accelerate
Life Sciences research and development. This partnership will leverage
Virtusa’s vLife open innovation platform to enable organizations to work
in a connected ecosystem that allows them to access, validate, and adopt
other firms’ technologies (e.g. analytics, machine learning, artificial
intelligence) and enhance the entire research and development process.

“Partnering with Virtusa will help the IBRI to achieve its objective
of enabling regional, large life sciences companies to access data and
technologies from a variety of organizations,” said Daniel H. Robertson,
PhD, research fellow & vice president of Digital Technology, and
director of the Applied Data Sciences Center for the IBRI. “Through the
vLife open innovation platform, we’re exploring enabling Life Sciences
firms to accelerate progress towards finding next-level treatments by
providing seamless access to focused, timeline-driven collaboration with
universities, government entities, healthcare providers, and other
research institutes and organizations.”

Virtusa’s vLife open innovation platform is designed to engage teams to
innovate and operationalize solutions faster. To enable a collaborative
environment it uses open APIs that allow for the secure and speedy flow
of information. As part of this vLIfe implementation, Virtusa and the
IBRI will perform comparative analyses of synthetic data with real-world
data of diabetes patients to better understand how synthetic data, which
is not constrained by HIPAA regulations, can accelerate research. These
analyses will measure the viability of synthetic data as an alternative
to real-world datasets to drive research with the IBRI’s partners.

“The strategic partnership with the IBRI allows Virtusa to focus on
supporting our client’s near-term objective of enabling accelerated
discovery of diabetes treatment and its many long-term objectives
through modern, mature, and dynamic technologies,” said Anthony Lange,
senior vice president of Life Sciences, Virtusa. “This partnership aims
to enable industry connections to drive innovation through extensive
collaborative research on Virtusa’s vLife open innovation platform.”

Virtusa’s Life Sciences practice helps companies navigate the
challenging landscape of drug pricing pressure, the patent cliff,
increasingly stringent regulations, growth into emerging markets, and a
shift to outcome-based payment structures. With a focus on developing
and harnessing connected care platforms that are both data and
AI-centered, Virtusa helps its clients to deliver better patient
outcomes at a lower cost.

For more information on Virtusa’s vLife Open Innovation Platform, please
visit: https://www.virtusa.com/vlife/

For more information on Virtusa’s Life Sciences Practice, visit: https://www.virtusa.com/industry/life-sciences/

About IBRI

The Indiana Biosciences Research Institute (IBRI) is a 501(c)(3)
not-for-profit and independent applied research institute formed in
2013. The IBRI is focused on discovery and applied research to
facilitate the development of technologies and innovations aimed at
improving human and animal health, agriculture and the environment.
Target areas are diabetes, metabolic disease and poor nutrition, and
related applied data science and analytics. More at http://www.indianabiosciences.org

About Virtusa Corporation

Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of Digital
Business Transformation, Digital Engineering, and Information Technology
(IT) outsourcing services that accelerate our clients’ journey to their
Digital Future. Virtusa serves Global 2000 companies in Banking,
Financial Services, Insurance, Healthcare, Telecommunications, Media,
Entertainment, Travel, Manufacturing, and Technology industries.

Using a combination of digital strategy, digital engineering, business
implementation, and IT platform modernization services, Virtusa helps
clients execute successful end-to-end digital business transformation
initiatives.

Virtusa engages its clients to re-imagine their business models and
develop strategies to defend and grow their business by introducing
innovative products and services, developing distinctive digital
consumer experiences, creating operational efficiency using digital
labor, developing operational and IT platforms for the future, and
rationalizing and modernizing their existing IT applications
infrastructure. As a result, its clients are simultaneously able to
drive business growth through digital-first customer experiences, while
also consolidating and modernizing their IT application infrastructure
to support digital business transformation.

Holding a proven record of success across industries, Virtusa readily
understands its clients’ business challenges and uses its domain
expertise to deliver innovative applications of technology to address
its clients’ critical business challenges. Examples include building the
world’s largest property & casualty claims modernization program; one of
the largest corporate customer portals for a premier global bank; an
order to cash implementation for a multinational telecommunications
provider; and digital transformation initiatives for media and banking
companies.

Founded in 1996 and headquartered in Massachusetts, Virtusa has
operations in North America, Europe, and Asia.

© 2018 Virtusa Corporation. All rights reserved.

Virtusa, Accelerating Business Outcomes, BPM Test Drive and
Productization are registered trademarks of Virtusa Corporation. All
other company and brand names may be trademarks or service marks of
their respective holders.

Contacts

Greenough
Amy Legere, 617-275-6517
alegere@greenough.biz

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