Virtusa and Wiley Form a Multi-Year Partnership to Accelerate Wiley's Technology Transformation

Rhea-AI Summary

Wiley (NYSE: WLY) and Virtusa announced a multi-year managed services partnership on February 10, 2026 to accelerate Wiley's technology transformation. Virtusa will provide infrastructure and application services, assume ownership of Wiley's Sri Lanka technology operation, and support Wiley's move toward AI-powered customer platforms.

The agreement aims to deliver operational efficiencies, free capital for higher-return investments, and let Wiley focus on product innovation using Virtusa's automation and AI platforms, including Virtusa Helio.

Positive

• Multi-year managed services partnership to centralize infrastructure and application services
• Wiley frees capital to invest in higher-return product and AI initiatives
• Virtusa assumes ownership of Wiley's Sri Lanka technology operation for continuity
• Access to Virtusa Helio AI-native platform and automation capabilities

Negative

• None.

Key Figures

Sri Lanka experience: over three decades

1 metrics

Sri Lanka experience over three decades Virtusa innovation and delivery experience in Sri Lanka

Market Reality Check

Price: $29.59 Vol: Volume 476,824 vs 20-day ...

normal vol

$29.59 Last Close

Volume Volume 476,824 vs 20-day average 559,597 suggests typical-to-subdued interest pre-news. normal

Technical Shares at $29.16 are below 200-day MA of $37.83 and close to 52-week low $28.38 (vs high $47.26).

Peers on Argus

Peers show mixed moves: WLYB (+0.06%), NYT (+1.12%) up, while PSO (-0.57%), SCHL...

1 Down

Peers show mixed moves: WLYB (+0.06%), NYT (+1.12%) up, while PSO (-0.57%), SCHL (-0.03%), GCI (-1.09%) are down. With WLY at -0.27% and momentum data flagging no sector-wide move, trading appears stock-specific rather than a coordinated publishing-sector rotation.

Historical Context

5 past events · Latest: Jan 13 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 13	AI leadership hire	Positive	-2.0%	Appointed chief AI and data services officer to scale AI monetization.
Dec 17	Dividend and buybacks	Positive	+1.7%	Quarterly dividend declaration and higher FY2026 share repurchase allocation.
Dec 10	Buyback increase, outlook	Positive	+3.1%	Boosted repurchase authorization and reiterated margins, EPS, and FCF guidance.
Dec 04	Earnings and AI update	Positive	-8.6%	Reported Q2 FY2026 growth in Research, AI momentum, and margin expansion.
Nov 26	Earnings scheduling	Neutral	-0.2%	Announced timing and access details for Q2 FY2026 earnings call.

Pattern Detected

Recent news shows mixed reactions: shareholder-friendly and capital return updates often saw positive alignment, while AI- and earnings-related announcements sometimes coincided with downside moves.

Recent Company History

Over the last few months, Wiley has focused on AI monetization, capital returns, and operating efficiency. AI-related updates and Q2 FY2026 results highlighted revenue of $422M, margin expansion, and stronger Research performance, while Learning faced softness. The company raised buyback authorizations to $250M and increased its fiscal 2026 repurchase allocation to $100M, alongside steady dividend growth. Against this backdrop, today’s multi-year technology transformation partnership continues the theme of operational modernization and AI-enabled capabilities.

Market Pulse Summary

This announcement highlights a multi-year managed services partnership with Virtusa aimed at acceler...

Analysis

This announcement highlights a multi-year managed services partnership with Virtusa aimed at accelerating Wiley’s technology transformation, freeing capital, and focusing internal teams on next-generation platforms and AI-powered solutions. It follows prior initiatives around AI monetization, margin expansion, and capital returns. Investors may watch for quantified cost savings, productivity gains, and progress metrics tied to Wiley’s Sri Lanka technology operations and the rollout of new customer-facing digital and AI capabilities.

Key Terms

infrastructure, automation

2 terms

infrastructure technical

"Virtusa will provide infrastructure and application services and support Wiley's"

Infrastructure is the network of long-lasting physical and digital systems—like roads, bridges, power lines, water pipes, data centers and broadband networks—that keep an economy running, similar to a city’s backbone. For investors it matters because these assets are costly to build but often provide steady, predictable cash flow or value over many years, are influenced by government policy and regulation, and can offer diversification or inflation protection in a portfolio.

automation technical

"access to market-leading automation and AI platforms, including Virtusa Helio"

Automation is the use of technology to perform tasks with minimal human intervention, often replacing manual work with machines or software. It matters to investors because it can increase efficiency, reduce costs, and enable faster decision-making, potentially leading to higher profits and competitive advantages for businesses.

AI-generated analysis. Not financial advice.

SOUTHBOROUGH, Mass., Feb. 10, 2026 /PRNewswire/ -- Virtusa Corporation, a global leader in digital business strategy and AI-led product and platform engineering, and Wiley (NYSE: WLY), a global leader in authoritative content and research intelligence for the advancement of scientific discovery, innovation, and learning, today announced a multi-year managed services partnership under which Virtusa will provide infrastructure and application services and support Wiley's strategic technology initiatives. 

The partnership represents an important first step in accelerating Wiley's technology transformation to better serve customers and to drive innovation, productivity gains and cost efficiencies. As a result, Wiley will free up capital for high-return investments and enable its technology teams to concentrate on developing next-generation customer platforms and AI-powered solutions that create competitive advantage in its markets.

"Our collaboration with Virtusa represents a true transformation for Wiley, allowing us to write a new chapter in technology for our company," said Andrew Weber, Wiley's executive vice president, technology and operations. "It will lead to material operational efficiencies and cost savings, help us modernize how we manage enterprise technology and allow our teams to focus on product innovation that benefits our customers and stakeholders." 

Virtusa brings deep expertise in technology transformation and a proven track record of helping organizations modernize their operations. The company provides industrial-scale capabilities and access to market-leading automation and AI platforms, including Virtusa Helio, a suite of platform powered AI-native services that deliver domain driven solutions across enterprise applications and infrastructure.  

"This partnership represents an important milestone for Virtusa as we support leading organizations in their technology transformation journeys," said Nitesh Banga, president & CEO at Virtusa. "We are pleased to be partnering with Wiley to streamline Wiley's technology operations and create a focused engine for innovation that will help propel its strategic transformation goals going forward."  

As part of this collaboration, Virtusa has assumed ownership of Wiley's Sri Lanka technology operation. With over three decades of innovation and delivery experience in Sri Lanka, Virtusa has an established presence and expertise that will provide continuity to Wiley's technology operations as the company optimizes its technology foundation and positions itself to respond more rapidly to evolving customer needs.  

About Wiley 

Wiley (NYSE: WLY) is a global leader in authoritative content and research intelligence for the advancement of scientific discovery, innovation, and learning. With more than 200 years at the center of the scholarly ecosystem, Wiley combines trusted publishing heritage with AI-powered platforms to transform how knowledge is discovered, accessed, and applied. From individual researchers and students to Fortune 500 R&D teams, Wiley enables the transformation of scientific breakthroughs into real-world impact. From knowledge to impact—Wiley is redefining what's possible in science and learning. Visit us at Wiley.com and Investors.Wiley.com. Follow us on Facebook, X, LinkedIn and Instagram. 

Wiley Media Contact:
newsroom@Wiley.com

About Virtusa 

Virtusa is a global product and platform engineering services company that makes experiences better with technology. We help organizations grow faster, more profitably, and more sustainably by reimagining enterprises through domain-driven solutions. We combine strategy, design, and engineering, backed by unmatched expertise at the intersection of industry, business, and technology to generate real-world business impact for clients. 

Headquartered in Massachusetts with global delivery centers, Virtusa provides a broad range of services, solutions, and assets, including strategy and design, AI advisory and services, digital engineering, data and analytics, digital assurance, cloud and security, and managed services across industries such as financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders. 

Media Contact:
Paul Lesinski
Edelma

(971) 226-5299
paul.lesinski@edelman.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/virtusa-and-wiley-form-a-multi-year-partnership-to-accelerate-wileys-technology-transformation-302683947.html

SOURCE Virtusa Corporation

FAQ

What did Wiley (WLY) announce with Virtusa on February 10, 2026?

Wiley announced a multi-year managed services partnership with Virtusa to modernize its technology operations. According to Wiley, Virtusa will provide infrastructure and application services and assume ownership of Wiley's Sri Lanka technology operation to support transformation.

How will the Virtusa deal affect Wiley's capital allocation and innovation (WLY)?

Wiley expects to free up capital to prioritize higher-return investments and product innovation. According to Wiley, outsourcing infrastructure and operations will let internal teams focus on next-generation customer platforms and AI-powered solutions.

What operational changes did Wiley (WLY) make as part of the partnership with Virtusa?

Virtusa has assumed ownership of Wiley's Sri Lanka technology operation to provide continuity and scale. According to Wiley, this transfer supports optimization of its technology foundation and faster response to evolving customer needs.

What technology capabilities is Virtusa bringing to Wiley (WLY)?

Virtusa will deliver infrastructure and application services plus access to automation and AI platforms such as Virtusa Helio. According to Virtusa, these capabilities are meant to drive productivity gains and technology modernization at Wiley.

Will the Virtusa partnership change Wiley's focus on product development (WLY)?

Yes. Wiley says the partnership will let its technology teams concentrate on developing next-generation customer platforms and AI solutions. According to Wiley, operational efficiencies from the deal enable that strategic shift toward product innovation.

Is the Virtusa agreement with Wiley (WLY) expected to produce cost savings or efficiencies?

Wiley expects material operational efficiencies and cost savings as a result of the multi-year partnership. According to Wiley, streamlining technology operations with Virtusa will modernize enterprise technology management and improve productivity.