Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Virtusa, Bloomin' Brands Announce 5-Year Strategic Management Agreement

Author: Benzinga Newsdesk | March 23, 2021 09:03am

 Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced a strategic agreement with Bloomin' Brands to become the exclusive provider of managed IT infrastructure services, including cloud transformation initiatives.

Bloomin' Brands is one of the world's largest casual dining companies with more than 1,450 restaurants worldwide, including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar, and Aussie Grill by Outback.

Under this five-year agreement, Virtusa will become the exclusive provider of IT infrastructure management services for company-owned restaurants in the Bloomin' Brands portfolio.

"We look forward to working with the Virtusa team for in-restaurant services, network management, and service desk solutions, essential elements for operating restaurants today," said Michael Stutts, chief customer officer, Bloomin' Brands. "Virtusa's industry and technology expertise will help position us for long-term success."

"Bloomin' Brands restaurants are among the most recognizable in the world," said Samir Dhir, president and head of Americas, Virtusa. "By tapping into our end-to-end transformation, including proven contactless payments, voice and mobile ordering systems, IT estate modernization and management services, we believe Bloomin' Brands will increase their operational efficiency, improve the quality of service and ultimately maintain their position as one of the world's largest casual dining companies."

Posted In: BLMN VRTU

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist