Baring Private Equity Asia has completed the acquisition of Virtusa. Virtusa will now operate as a private company. Its shares are no longer traded on the NASDAQ exchange.

Virtusa's net GAAP profit for 6 months of fiscal 2021 was $9.663 million, down 27.2% from $13.268 million the previous year. Revenue decreased by 4.5% to $618.252 million, down from $647.525 million a year earlier.

Virtusa and Baring Private Equity Asia - BPEA signed a merger agreement. The funds affiliated with BPEA will purchase all shares of Virtusa at a price of $51.35 per paper. The total amount will be about $2 billion. The merger is expected to be completed in the first half of 2021.

Virtusa's net profit under GAAP for the 3 months of fiscal 2021 was $0.894 million, down 6.5 times from $6.02 million in the prior year. Revenue decreased by 5.6% to $301,064 million from $319,024 million a year earlier.