Baring PE Asia to acquire US-listed IT services firm Virtusa for $2b

Baring PE Asia to acquire US-listed IT services firm Virtusa for $2b

Photo: REUTERS/Beawiharta

Alternative investment major Baring Private Equity Asia (BPEA) has reached an agreement to acquire NASDAQ-listed digital engineering and IT services firm Virtusa Corporation in an all-cash transaction valued at about $2 billion.