Westborough, MA - (April 6, 2007) - Virtusa Corporation, a global information technology services company with an offshore delivery model that provides IT consulting, technology implementation and application outsourcing services, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. J.P. Morgan Securities Inc. will be sole book-running manager for the offering, with Bear, Stearns & Co. Inc. as the lead manager, and Cowen and Company, LLC and William Blair & Company, L.L.C. serving as co-managers. The number of shares to be offered and the price range for the offering have not yet been determined.
This offering shall be made only by means of a prospectus. When available, copies of the preliminary prospectus related to this offering may be obtained from the Prospectus Department of J.P. Morgan Securities Inc. at National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245 (Telephone: 718-242-8002).
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Virtusa
Virtusa is a global information technology (IT) services company providing IT consulting, technology implementation and application outsourcing services. Using its enhanced global delivery model, innovative platforming approach and industry expertise, Virtusa provides cost-effective services that enable its clients to use IT to enhance business performance, accelerate time-to-market, increase productivity and improve customer service.
Founded in 1996 and headquartered in Massachusetts, Virtusa has offices in the United States and the United Kingdom, and global delivery centers in India and Sri Lanka.
"Virtusa" is a trademark of Virtusa Corporation and a registered trademark in the EU and in India.
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