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Virtusa Joins Deloitte's 2007 Technology Fast 500

Virtusa’s 361% Percent Revenue Growth Fuels Ranking as
388th Fastest Growing Company in North America

Westborough, MA – October 23, 2007 – Virtusa Corporation (NASDAQ: VRTU), a global IT services company that provides IT consulting, technology implementation and application outsourcing services, today announced that it ranked Number 388 on Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002–2006. Virtusa grew 361% during this period.

Virtusa’s Chairman and CEO, Kris Canekeratne, credits Virtusa’s global team members, the company’s unique software platforming vision and Virtusa’s deep client relationships with the company’s 361% revenue growth over the past five years. He said, "We are delighted to follow up our recent Deloitte New England Fast 50 award with this latest Deloitte Technology Fast 500 award.”

"Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate Virtusa on this significant accomplishment."

In addition to ranking on Deloitte’s Technology Fast 500, Virtusa ranked 43 on the New England Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in New England.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting, and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.

As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names.

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 Virtusa Corporation.

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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