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Press Release

August 3, 2011

Virtusa's Global Delivery Framework Assessed with CMMI Level 5 Certification, the Highest Standard in Quality Management

Company recognized for commitment to service excellence and process improvement

WESTBOROUGH, Mass. – (August 03, 2011) – Virtusa Corporation (NASDAQ: VRTU), a global IT services company that offers a broad spectrum of business consulting and outsourcing services, announced today that its global delivery framework has been assessed as meeting the prestigious Capability Maturity Model Integration (CMMI®) Level 5 rating, the highest recognition to an organization’s software quality management system. CMMI is a process improvement model used to better an organization’s ability to manage project activities towards success. CMMI is regarded as the standard in the industry for software and systems development and management.

Virtusa was awarded CMMI Level 5 based on the company’s superior accomplishments as a provider of systems engineering, software engineering and IT services. Virtusa underwent an appraisal in which independent assessors, along with the internal team, carried out a detailed assessment of the company’s capabilities at its Advanced Technology Center in Hyderabad, India. The appraisal recognized Virtusa’s innovative global processes for their high level of maturity. This milestone not only credits Virtusa’s commitment towards process maturity but also its approach towards delivery excellence and service quality.

“We are delighted to receive the CMMI level 5 rating, which strongly validates Virtusa’s commitment to continuous process improvement,” said Kris Canekeratne, chairman and CEO at Virtusa. “It is a testament to the dedication of our global team members who work relentlessly to improve our clients' IT efficiencies through engineering excellence. CMMI level 5 is an industry benchmark and we are honored to be among a select few IT service providers who have received this rating.”

The CMMI approach was developed by The Software Engineering Institute (SEI) at Carnegie Mellon University. The framework can be used as a guide to improve processes of a single project or across an entire company. CMMI helps with the integration of separate organizational functions and assists organizations in setting process improvement goals. The model measures business process maturity levels and provides customers with a way to assess risks and determine the level of process maturity a company has achieved. The CMMI framework includes five distinct levels of maturity, with level 5 being the highest attainable. Achieving CMMI Level 5 helps companies reduce risks in projects by making it easier to predict cost, schedule, performance and quality of products.

To see Virtusa’s appraisal results, please visit http://sas.sei.cmu.edu/pars/pars.aspx

To learn more about CMMI®, please visit: http://www.sei.cmu.edu/CMMI/

 

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
Edelman
+1 (415) 430-8056
Alex.Nickols@edelman.com

Media Contact:
Stacey Mann
Global Head of Media Relations Communications
617-275-6523
smann@greenoughcom.com

 

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