Recognition Reflects Company’s Growth from Innovative Solutions
Westborough, MA – November 8, 2007 – Virtusa Corporation (NASDAQ: VRTU), a global IT services company that provides IT consulting, technology implementation and application outsourcing services, has announced its ranking on the FinTech 100, an annual international listing of the top vertical technology vendors that derive more than one third of their revenue from the financial services industry.
Virtusa ranked 80 on the list of financial technology companies that were judged according to their global revenues. Published by American Banker and Financial Insights, the FinTech 100 is the most comprehensive vendor services ranking within the financial services industry. Thirty- five percent of Virtusa’s revenues were attributed to its banking, financial services and insurance practice in fiscal year 2007.
“We are pleased to be recognized for our strong presence in the global financial services market,” said Kris Canekeratne, Virtusa Chairman and CEO. “We count as clients some of the most well known names in the retail, wholesale and investment banking area, as well as blue chip insurance companies. Virtusa’s financial services segment is our fastest growing industry group, due to our deep client relationships, innovative solutions and optimized offshore delivery model.”
Virtusa helps banks and financial services firms enhance innovation, manage transformation and comply with regulations while driving efficiency and managing risks. Virtusa’s software platforming methodology combined with deep industry skills helps financial institutions address business needs and achieve positive, measurable ROI. Virtusa’s BPM and SOA expertise help provide a consistent enterprise view, facilitate transformation, bring best practice workflows and increase operational efficiency.
For more information about the rankings, visit: http://www.financial-insights.com/FI/services/fintech100.jsp
About Virtusa Corporation
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 registered trademark of the Company.
Media Contact:
Brian Ruby/Susan Hartzell
ICR
brian.ruby@icrinc.com, 203-682-8268
susan.hartzell@icrinc.com, 203-682-8238
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