Details $48 M Planned Investment in Asian Operations and Provides Business Update Exhibitor and Silver Sponsor of Premier Software Industry Conference
Westborough, MA – April 4, 2006 - Virtusa Corporation, a global provider of software development and IT services to Fortune 1000 enterprises and leading software product vendors, has announced details on its Fiscal 2007 Asia growth and operational initiatives, as well as highlights from the company’s major accomplishments during its just completed fiscal year. Virtusa has provided these comments from Software 2006 in Santa Clara, CA, where the company is a sponsor and exhibitor at one of the software industry’s premier events.
Planned $48 million investment in Asia for Fiscal 2007. U.S.-based Virtusa presently employs some 2500 employees in its state-of-the-art Global Technology Centers in Hyderabad and Chennai, India and in Colombo, Sri Lanka. Virtusa has secured over six acres of property in prime Hi Tec City, Hyderabad, where it plans to develop a campus for up to 5,000 employees.
Kris Canekeratne, Virtusa Chairman and CEO, said, “Our recently completed fiscal 2006 was a year marked by continued growth and significant accomplishments. We have enjoyed a three-year compounded annual growth rate of over 45%. We have experienced this aggressive growth by winning new accounts, expanding existing accounts and increasing our service offerings. The additions to our management team and our planned investment in Asia represent our confidence in the future, as we continue to grow and expand our global presence.”
Mr. Canekeratne and other Virtusa executives will be available to provide further comment on these topics throughout the Software 2006 Conference, which runs through April 5th.
Virtusa’s Breakout Session, featuring an inside look at successful offshore software product development with Vignette Corporation, will be held on April 5th at 11:00 a.m. in the Great America Room 1-2-3 at the Santa Clara Convention Center.
Virtusa’s Booth is located in Hall C of the Convention Center, Booth 602.
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.