Virtusa Named a Leader in IAOP’s 2015 Global Outsourcing 100 List


WESTBOROUGH, Mass., – (May 19, 2015) – Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that the International Association of Outsourcing Professionals® (IAOP®) has recognized it as a Leader on The 2015 Global Outsourcing 100® service providers list.

The list, compiled annually, recognizes the world’s best outsourcing service providers across all industries as evaluated by an independent panel of judges organized by IAOP. The Leaders comprise the top 75 companies on the list.

“Buyers understand there are hundreds of qualified service providers and advisors out there, but what they really need to understand now is what makes each exceptional,” said IAOP CEO, Debi Hamill. “The new Global Outsourcing 100 and World’s Best Advisors have done just that. We’re proud to recognize Virtusa.”

Virtusa approaches contemporary outsourcing with an immediate focus on relying on technology and innovation to meet service levels and costs. The company works in collaboration with customers to achieve unprecedented benefits while improving performance through innovative approaches to IT outsourcing.

"We are extremely honored to be recognized as a leader amongst our peers by the International Association of Outsourcing Professionals,” said Kris Canekeratne, chairman & CEO of Virtusa. “It’s gratifying to see that our differentiated approach to global outsourcing is making an imprint in the industry, clearly demonstrating how enterprises can improve operational efficiencies through business transformation, and generate incremental revenue growth.”

Virtusa is well-known for its successful departure from ineffective early-generation outsourcing approaches that once frustrated Global 2000 companies. Its unique outsourcing model, tuned to the emerging needs of businesses, focuses on effort compression that delivers far higher efficiencies and goes well beyond basic labor arbitrage. As part of this framework, the company deploys three key levers to eliminate, focus and reduce effort to drive higher and better outcomes when compared to the traditional outsourcing model. Leveraging its enhanced global delivery model, innovative software platforming approach and proven solutions including ERA Insight, Virtusa Test Automation Framework (VTAF) and Kore Managed IT Solutions®, Virtusa enables clients to cut out waste, accelerate delivery of high quality solutions, improve business performance and agility, and enhance customer experience.

Virtusa has won numerous global recognitions and consistently ranks as a top provider for Global 2000 companies and the leading software vendors in banking and financial services, insurance, telecommunications, technology and media, information and education industries. The company was recently featured and recognized in 2014 Forbes List of 100 Best Public Companies in America with revenue less than $1B, 2013 Forrester Research's report on major mid-sized offshore IT services vendors, Everest Group's 2014 PEAK Matrix for Banking Application Outsourcing, Healthcare Payer Industry IT Outsourcing and Cloud Application Services, and as a leading company in HfS Research’s 2014 Blueprint reports on Enterprise Mobility and SAP Services.

For more information on Virtusa's information technology services and capabilities, visit http://www.virtusa.com/

About IAOP
IAOP is the go-to association leading the way to improve outsourcing outcomes by bringing together customers, providers and advisors in a collaborative, knowledge-based environment that promotes professional development, recognition, certification and excellence. With over 120,000 members and affiliates worldwide, IAOP is not only on top of the latest trends but in front of them. Through its expansive global chapter network, premier training and certification programs, knowledge center, member community and more, IAOP helps members learn, grow and succeed. For more information and how you can become involved, visit www.IAOP.org.

About Virtusa
Virtusa provides end-to-end information technology (IT) services to Global 2000 companies. These services, which include IT consulting, application maintenance, development, systems integration and managed services, leverage a unique Platforming methodology that transforms clients’ businesses through IT rationalization. Virtusa helps customers accelerate business outcomes by consolidating, rationalizing, and modernizing their core customer-facing processes into one or more core systems.

Virtusa delivers cost-effective solutions through a global delivery model, applying advanced methods such as Agile and Accelerated Solution Design to ensure that its solutions meet the clients’ requirements. As a result, its clients simultaneously reduce their IT operations cost while increasing their ability to meet changing business needs.

Founded in 1996 and headquartered in Massachusetts, Virtusa has operations in North America, Europe, and Asia.

© 2011 - 2015 Virtusa Corporation. All rights reserved.

Virtusa, Accelerating Business Outcomes, BPM Test Drive and Productization are registered trademarks of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Contact
Matt Weaver
Greenough
(617) 275-6514
mweaver@greenough.biz

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On March 3rd, 2016, Virtusa Corporation acquired a majority interest in Polaris Consulting & Services Limited. VirtusaPolaris, our new market-facing brand, represents the combined strengths of Virtusa and Polaris, including our strong software engineering heritage, deep domain expertise and focus on applying innovation to solving critical core business issues for clients.

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