Press Release

December 13, 2006
Virtusa Corporation Appoints Jim Francis to Head Banking, Financial Services & Insurance Business
Virtusa Corporation Appoints Jim Francis to Head Banking, Financial Services & Insurance Business

Westborough, MA – December 13, 2006 – Virtusa Corporation, a global provider of IT consulting, technology and outsourcing services, today announced the appointment of Jim Francis as Senior Vice President of the company’s Banking, Financial Services and Insurance (BFSI) business. Francis will focus on driving client relationships for Virtusa within this fast growing market niche.

“Jim is an excellent addition to the Virtusa team,” said Kris Canekeratne, Chairman and CEO of Virtusa. His strong background in financial services and business development will help us expand our impressive roster of financial services clients. Jim will lead our efforts to strengthen Virtusa's presence in the financial services industry.”

Prior to joining Virtusa, Francis was Vice President of Consulting Services and Managing Partner at Neovera, an IT consulting firm specializing in managed services. In this role he was responsible for client consulting and delivery services with primary emphasis on infrastructure consulting and data center outsourcing. Before that, he spent 18 years at American Management Systems, a $1 billion global IT consulting company, where he served as Vice President of the Financial Services Group. In this role, he oversaw strategy, global product management, application development and outsourcing within AMS’ Corporate Banking practice.

“I’m excited about joining the Virtusa leadership team to help drive continued expansion within our Banking, Financial Services and Insurance practice,” said Francis. “With the rapid growth that is occurring within the BFSI IT services and outsourcing market, Virtusa is well positioned to build on its success, especially as we continue to broaden both our application and infrastructure outsourcing service offerings.”

A patent holder for Distributed Workflow in International Trade Services, Francis won the 2003 Banker Technology Award – IT Outsourcing. He received an MBA in Management Information Systems from the State University of New York at Binghamton and a BA in Business Economics from SUNY College at Oneonta.


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
+1 (415) 430-8056

Virtusa U.S. Media Contact: 
Susan Hartzell/Liz Brady
Integrated Corporate Relations 
(203) 682-8200 /


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