Baring Private Equity Asia completed the acquisition of Virtusa from Charles River Ventures for $2bn.

Baring Private Equity Asia completed the acquisition of Virtusa, a global provider of digital strategy, digital engineering, and IT services and solutions, from Charles River Ventures, a venture capital firm, for $2bn. “Tech enablement is driving the evolution and transformation of the global business environment at an unprecedented pace, creating new opportunities as well as complexities. Virtusa’s global team of talented professionals, deep domain expertise, and digital capabilities provide a unique ability to help enterprises accelerate their most important digital and cloud transformation initiatives. We are excited to partner with Virtusa in the next phase of its evolution,” Jimmy Mahtani, BPEA Managing Director.