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Press Release

November 16, 2004

Virtusa Corporation Appoints New President and Chief Operating Officer

Seasoned Executive Joins Global IT Services Company’s Executive Management Team

Westborough, Mass. – November 16, 2004 – Virtusa Corporation, a global software development and IT services firm, today announced that Dan Smith has been appointed to the new position of President and Chief Operating Officer. In this role, Smith will lead Virtusa’s worldwide sales, marketing, and delivery organizations and further build upon the company’s unique business model with a comprehensive set of highly differentiated IT services that enhance agility, productivity and IT effectiveness for clients.

As a senior executive and industry leader, Smith brings to Virtusa twenty years of proven success in leading and growing global IT services organizations, refining go to market strategies, and implementing client-focused account management and delivery practices. Smith most recently served as the General Manager of Cognizant Technology Solutions’ largest business unit, encompassing practices in healthcare, life sciences, insurance, communications and media. During his six-year tenure as an executive team member, the company grew from $25 million to more than $500 million. Prior to Cognizant, Smith was a partner with CSC Consulting.

“Dan is a terrific addition to Virtusa’s leadership team and we are delighted to have him on-board,” stated Virtusa Chairman and CEO Kris Canekeratne. “Dan brings his proven leadership and operational experience to Virtusa. His strength in building client-focused teams combined with Virtusa’s unique mix of service offerings and execution model will provide our clients with an even stronger value proposition that is highly differentiated in today’s global services industry. As we enter our next phase of growth and expansion, we look forward to making a significant difference to our clients by enhancing their competitive advantage.”

“I am very excited about the opportunities and challenges of my new role at Virtusa,” said Smith. “Virtusa’s ability to deliver innovative services and complex solutions through a global model to its clients is truly impressive. I am amazed to see the level of energy and inventive thinking in Virtusa’s world-class teams. The team’s focus on creating value for their clients has been one of the key contributors to Virtusa’s long-term relationships with its clients. I look forward to enhancing Virtusa’s core strengths as we grow our business.”

 

About Virtusa

Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovative engineering. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive the business forward at unparalleled velocity enabled by a culture of cooperative disruption.

Virtusa is a registered trademark of Virtusa Corporation.  All other company and brand names may be trademarks or service marks of their respective holders.

 

Media Contact:

Alex Nickols
Edelman
+1 (415) 430-8056
Alex.Nickols@edelman.com

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