Fri 05/15/2020 17:07 PM
Takeaways
- New Mountain Vantage Advisors, the public equity arm of alternative asset manager New Mountain Capital, said it controls a significant position in Virtusa and is pushing for changes including revenue and client diversification as well as margin expansion, the sources said.
Virtusa is facing pressure from one of its shareholders to refresh its board and implement other changes at a time when the information technology services company is working to diversify its revenue...
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