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Press Release

November 5, 2010

Virtusa Named to 2010 FinTech 100 List by American Banker and IDC Financial Insights

Company recognized as top technology vendor serving the financial industry

WESTBOROUGH, Mass - November 03, 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 recognized by American Banker, Bank Technology News and IDC Financial Insights on the 2010 FinTech 100 List. The list, currently in its 7th year, ranks the most successful financial services technology vendors around the world based on their calendar year 2009 revenue from financial services. This marks the third time in four years that Virtusa has been honored in the ranking.

“The FinTech 100 List has established itself as a significant point of reference in measuring success within the financial services industry, and we are extremely honored to be recognized on this year’s list,” said Kris Canekeratne, chairman and CEO of Virtusa. “Financial institutions today are facing an increasing number of challenges and pressures to which they must comply, and Virtusa has the domain expertise to help companies solve these challenges and achieve measurable business results.”

Virtusa partners with some of the world’s largest banking and financial services companies, most of which are Global 1,000 members. These companies, including retail, wholesale and investment banks, lending firms, card services, securities traders, and brokerage firms have enlisted Virtusa for the company’s extensive knowledge and experience within the banking and financial services industry. Virtusa uses its platforming methodology and global delivery model to help financial institutions around the world achieve their unique business objectives. The company develops a wide range of IT solutions to help these organizations overcome industry challenges including compliance and regulatory requirements, security initiatives, superior customer service and price pressures. For more information on Virtusa's solutions for banking and financial services organizations, please visit https://www.virtusa.com/industries/banking-financial-services/.

Companies named to the 2010 FinTech 100 List were officially announced on October 20, 2010 at a breakfast ceremony at the Bank Administration Institute (BAI) Retail Delivery convention in Las Vegas. The full list of 2010 FinTech 100 honorees can be accessed on American Banker’s website at http://www.americanbanker.com/fintech100/.

 

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

Media Contact
Catharine Morgan
Global Head of Media Relations Communications
617-275-6552
cmorgan@greenoughcom.com

 

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