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Press Release

November 2, 2010

Virtusa Named to Deloitte's 2010 Technology Fast 500 List of Fastest Growing Companies in North America

Virtusa Attributes Strong Revenue Growth to Continued Delivery of Business Results

WESTBOROUGH, Mass – November 2, 2010 Virtusa Corporation (NASDAQ: VRTU), a global IT services company that offers a broad spectrum of business consulting and outsourcing services, today announced that it has been named to the Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This marks Virtusa’s inclusion on the list for the third time in four years. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009.

“Virtusa’s inclusion on Deloitte’s 2010 Technology Fast 500™ represents the company’s continued ability to deliver efficiency, agility, and technological expertise to help customers achieve measurable business results,” said Kris Canekeratne, chairman and CEO at Virtusa. “In an environment where businesses are facing increased challenges and pressures, Virtusa has remained committed to providing customers with cost-effective IT solutions, which in turn has driven our own growth as a company.”

“Virtusa and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. "Deloitte commends Virtusa for this impressive accomplishment.”

“Virtusa has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™,” said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.

Earlier this month Virtusa was recognized on the FinTech 100 List as a top technology vendor serving the financial services industry. In September, Virtusa earned a spot on Everything Channel’s Fast Growth 100 List of fastest growing integrators in the IT industry. The company was also recently recognized on the Global Services 100 List for the third consecutive year.

For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com

As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

 

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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