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VirtusaPolaris Recognized in the 2016 IDC Financial Insights FinTech Rankings

WESTBOROUGH, Mass., – (September 27, 2016) – VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide provider of information technology (IT) consulting and outsourcing services, today announced that both Virtusa Corporation and Polaris Consulting & Services have been recognized by IDC Financial Insights in the 2016 FinTech Rankings, with Virtusa Corporation ranked #52 and Polaris Consulting & Services ranked #51. The annual IDC Financial Insights FinTech Rankings is based on 2015 calendar year revenues attributed to financial institutions.

The IDC Financial Insights FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. The annual IDC Financial Insights FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players.

“Leadership in the evolving banking and financial services industry requires a commitment to innovation and digital transformation,” said Jitin Goyal, president – Banking & Financial Services, VirtusaPolaris & CEO, Polaris Consulting & Services, Ltd.“We are dedicated to providing our clients with the technologies they need to be at the forefront of innovation, increase productivity and provide their customers with exceptional services, while also realizing new cost efficiencies and synergies.”

To compete successfully in this environment of digital disruption, financial services firms need to proactively harness and execute on a customer-centric Digital strategy that will enable them to provide omni channel high touch service to their customers. Combining its extensive experience of over 25 years in the banking and financial services industry with proven innovation and execution capabilities, VirtusaPolaris has been helping its financial services clients implement digital technologies to transform their businesses, expand their addressable market and increase revenues.

“Being positioned on the IDC Financial Insights FinTech Rankings demonstrates a fintech company’s commitment to the financial services industry and the success achieved at their financial institution clients,” said Karen Massey, senior analyst at IDC Financial Insights. “The IDC Financial Insights FinTech Rankings, now in its 13th year, is the global industry standard who’s who of financial services technology providers, and we congratulate the 2016 winners.”

On March 3, 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.

To see the final rankings, please see the special report: http://www.idc.com/download/finalrankings2016.pdf.

For more information on VirtusaPolaris’ solutions for banking and financial services organizations, please visit https://www.virtusa.com/industry/bfs/.

About VirtusaPolaris

VirtusaPolaris, the market-facing brand reflecting the combined strengths of Virtusa Corporation and Polaris Consulting & Services, Ltd. is a global provider of information technology (IT) consulting and outsourcing services that accelerate business outcomes for Global 2000 companies and leading software vendors in banking and financial services, insurance, healthcare, telecommunications, technology, media and entertainment.

VirtusaPolaris’ solutions address the CXOs’ dual challenge of growing revenues while improving IT cost efficiencies. VirtusaPolaris’ digital services leverage innovative new technologies to reimagine the customer experience, increasing retention and creating lasting value. VirtusaPolaris’ preemptive outsourcing solutions help clients reduce risk and improve IT operations.

VirtusaPolaris delivers services across the IT lifecycle, including consulting, solution design, technology selection, implementation, testing and maintenance & support, including infrastructure support. Inheriting a strong heritage in software engineering, VirtusaPolaris is highly qualified to both develop and maintain software, using a proven platforming methodology and advanced Agile and Accelerated Solution Design techniques to reliably produce results on time and within budget.

Holding a record of success across industries and unparalleled domain expertise, VirtusaPolaris understands clients’ business challenges best and uses that to deliver distinctive, differentiated and innovative application of technology to solve those problems. Examples of large business transformations completed include the world’s largest P&C claims modernization program, one of the largest corporate customer portals for a premier global bank, an order to cash implementation for a multinational telecommunications provider, and digital transformations for media and banking companies.

Virtusa Corporation is headquartered in Massachusetts, and together with Polaris, has 50 offices across North America, Europe and Asia.

Polaris Consulting & Services is asubsidiary of Virtusa Corporation. Copyright © 2016 Virtusa Corporation. All Rights Reserved.

Contact

Kirsten Paragona

Global Head of Media Relations

978-434-7319

kparagona@virtusa.com

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