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Press Release

September 23, 2009

Virtusa Named to Everything Channel Fast Growth 100 List

Leading Global IT Service Provider Clinches Spot in the Top Third of Fastest Growing Technology Integrators

WESTBOROUGH, Mass. – (August, 2009) – Virtusa Corporation (NASDAQ: VRTU), a global information technology (IT) services company that provides business consulting, outsourcing , IT services, and application outsourcing services through an enhanced global delivery model, today reported it has been named to Everything Channel’s Fast Growth 100 list. Virtusa claimed the 33rd ranking on the list, which honors the fastest-growing integrators in the industry.

“This independent recognition is a testament to Virtusa’s solid financial foundation and firm footing in the market, and our growth reflects the business value we’re providing to our customers,” said Doug Mow, senior vice president of marketing at Virtusa. “Companies today feel mounting pressure to reduce total cost of ownership of IT operations while focusing on business results. Virtusa’s broad portfolio of IT services provides its customers with a complete partnership able to handle complex projects end to end.”
A leader in IT consulting, systems integration and application outsourcing, Virtusa helps their customers streamline the systems that support their critical business functions. Virtusa’s unique platforming approach consolidates, rationalizes and modernizes core systems resulting in an efficient, lean IT environment. Virtusa specializes in business process management, data warehousing and business intelligence, and enterprise content management.

Everything Channel, a division of United Business Media, selected the honorees based on average revenue growth from 2006 to 2008. Companies on this year’s Fast Growth 100 list averaged 87 percent revenue growth during these two years and turned in median annual sales of $192.2 million.

“The companies included in this list are channel industry leaders,” said Robert C. DeMarzo, senior vice president and editorial director for Everything Channel. “These solution providers offer business-oriented IT solutions as well as cutting-edge technologies. In addition, they understand the importance of strong sales philosophies. We congratulate Virtusa on their well-earned success.”

About Everything Channel (www.everythingchannel.com, www.channelweb.com)

Everything Channel is the one-stop shop for managing and accelerating technology sales. From branding and recruiting to marketing and sales, Everything Channel offers technology marketers the unmatched breadth and depth of global brands and market intelligence combined with unparalleled audience loyalty and credibility serving all technology sales channels through an extensive database. Everything Channel provides innovative field sales and marketing solutions to arm the sellers of technology with the resources they need to achieve measurable and significant results.

About United Business Media Limited (www.unitedbusinessmedia.com)

UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently.

 

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:

Matt Berry
Conversion Marketing
(201) 370-9133
matt@conversionam.com

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