### Virtusa Acquires Wiley Sri Lanka Operations in Strategic Tech Pact 📈

Global digital engineering leader Virtusa Corporation has entered a multi-year managed services partnership with Wiley (NYSE: WLY), a move that includes the full acquisition of Wiley’s technology operations in Sri Lanka. Key Partnership Details • Strategic Shift: Virtusa will now manage Wiley’s global infrastructure and application services, allowing Wiley to reallocate capital toward high-return AI and research innovation. • Sri Lanka Impact: Virtusa assumes ownership of Wiley’s established technology center in Sri Lanka. With over 30 years of local presence, Virtusa aims to ensure operational continuity for the existing team while integrating them into its global delivery network. • Technology Focus: The collaboration leverages Virtusa Helio (an AI-native service suite) to modernize Wiley’s enterprise technology and streamline customer platforms. Economic Significance • Sector Strength: This deal reinforces the resilience of Sri Lanka’s ICT/BPM sector as a hub for global captive center transitions. • Efficiency Goals: The partnership is designed to drive material cost savings and operational productivity for Wiley, utilizing Sri Lankan talent to power next-generation AI solutions. • Industry Context: The move highlights a trend of global firms transitioning "captive" units into managed service models to gain flexibility and scale in the evolving digital economy. _Summary based on provisional partnership announcements as of February 2026._