Recognition Reflects Company’s Growth from Innovative Solutions
Westborough, MA – November 8, 2007 – Virtusa Corporation (NASDAQ: VRTU), a global IT services company that provides IT consulting, technology implementation and application outsourcing services, has announced its ranking on the FinTech 100, an annual international listing of the top vertical technology vendors that derive more than one third of their revenue from the financial services industry.
Virtusa ranked 80 on the list of financial technology companies that were judged according to their global revenues. Published by American Banker and Financial Insights, the FinTech 100 is the most comprehensive vendor services ranking within the financial services industry. Thirty- five percent of Virtusa’s revenues were attributed to its banking, financial services and insurance practice in fiscal year 2007.
“We are pleased to be recognized for our strong presence in the global financial services market,” said Kris Canekeratne, Virtusa Chairman and CEO. “We count as clients some of the most well known names in the retail, wholesale and investment banking area, as well as blue chip insurance companies. Virtusa’s financial services segment is our fastest growing industry group, due to our deep client relationships, innovative solutions and optimized offshore delivery model.”
Virtusa helps banks and financial services firms enhance innovation, manage transformation and comply with regulations while driving efficiency and managing risks. Virtusa’s software platforming methodology combined with deep industry skills helps financial institutions address business needs and achieve positive, measurable ROI. Virtusa’s BPM and SOA expertise help provide a consistent enterprise view, facilitate transformation, bring best practice workflows and increase operational efficiency.
For more information about the rankings, visit: http://www.financial-insights.com/FI/services/fintech100.jsp