US-based Virtusa acquires Bulgaria's Bright

The deal will bolster Virtusa's portfolio with customer-centric solutions and expand its presence in Europe, the buyer said in a press release, without disclosing the financial details of the transaction.

Bright, a leading partner of US software firms ServiceNow and Splunk in the Europe, Middle East and Africa region (EMEA), will also bring its security operations (SecOps) and surveillance expertise to complement Virtusa's strategy.

The acquisition aims to maximise customers' return on investment in Splunk and ServiceNow while streamlining their operations and addressing complex business challenges, Virtusa added.

"Bright has been looking for a strategic partner to accelerate our entry into the European market and I am optimistic that teaming up with Virtusa will help us in this endeavour. Sharing common values of innovation, trust and providing high-quality solutions and services, I am confident that we will leave a significant mark on our clients' businesses," Bright founder and CEO Angel Kanchev said.

Bright, founded in 2006, collaborates with global leaders in telecommunications, technology, healthcare and financial services and provides customised solutions to accelerate their digital transformation. Its expertise spans digitisation, cybersecurity, surveillance and SecOps, along with AI and machine learning analytics.

Massachusetts-headquartered Virtusa Corporation serves companies across the financial, healthcare, communications, media, entertainment, tourism, manufacturing and technology industries worldwide.