VirtusaPolaris in tune to achieve target of synergy revenue of $100 mn

Virtusa Corporation, which has acquired 75% stakes in the Chennai-based Polaris Consulting & Services for $250 million, is expected to touch a synergy revenue of $100 million by March 2019, as per its target set during the acquisition, said Kris Canekeratne, Chairman and Chief Executive Officer, VirtusaPolaris. With two-third of its staff in India, the company is expecting to add around 1,300-1,700 employees a year.

"The thesis of the acquisition was primarily driven by the fact that we would be able to identify approximately a $100 million of synergy revenue over three year period and we are very pleased with the