Westborough, MA – October 22, 2007 – Virtusa Corporation (NASDAQ: VRTU), a global IT services company that provides IT consulting, technology implementation and application outsourcing services, has announced that Chairman and CEO Kris Canekeratne has been awarded a TiE-Boston IPO Award in recognition of the company’s successful IPO in August of this year.
“I am honored to receive this recognition from TiE-Boston,” said Mr. Canekeratne. “This award is a true reflection of the dedication and commitment of thousands of Virtusans who have helped build a terrific company. They all work continuously to stretch the boundaries of what is possible and deliver outstanding value to our clients—all while building a culture of superior performance.”
The Indus Entrepreneurs (TiE) is the nation’s largest not-for-profit organization for entrepreneurs. The Boston chapter was founded ten years ago and today stands at 800 members. The IPO Award will be presented at TiE-Boston’s annual sponsor dinner on November 8th.
“Entrepreneurship and innovation are TiE’s raison d’être. Our members are the pillars of entrepreneurship in New England. Kris, a valued Charter Member of TiE’s Boston chapter, is a personification of these attributes. By founding and growing Virtusa and now taking it public, Kris has created employment, created wealth and contributed to economic growth, both in the U.S. and in India, and has become an inspiration to not only to south Asians but entrepreneurs the world over. We at TiE-Boston are honored and proud to present Kris with our IPO award,” says Raj Alur, President, TiE-Boston.
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