Company recognized as a leader in the global IT and business process outsourcing industry

WESTBOROUGH, Mass. – (July 25, 2011) – Virtusa Corporation (NASDAQ: VRTU), a global IT services company that offers a broad spectrum of business consulting and outsourcing services, announced today that it has been named to the 2011 Global Services 100 List (GS100) by Global Services, in association with NeoGroup. Virtusa was also recognized in the category of Top Specialty Product Engineering Vendors. The GS100, which honored Virtusa in its 2011 list for the fourth consecutive year, represents companies that demonstrate excellence in delivering IT outsourcing (ITO) and business process outsourcing (BPO) services globally using matured models of service delivery. It is considered a benchmark for identifying service provider leadership because of its thorough evaluation and selection process.

Now in its sixth year, the GS100 is a rigorous assessment that evaluates organizations across multiple dimensions both quantitatively and qualitatively. The study identifies the top 100 companies based on four primary pillars: management excellence, customer maturity, global delivery maturity and breadth of services portfolio. Companies honored on the GS100 List are those that are consistently accelerating business outcomes for their customers and expanding their customer base as well as services portfolio. Virtusa was recognized as an industry leader that has experienced significant growth and increased profitability.

“We are honored to be recognized for the fourth consecutive year on the GS100 List,” said Kris Canekeratne, chairman and CEO at Virtusa. "Inclusion on this list reinforces our commitment to accelerating business outcomes for our clients through our optimized global delivery model.”

“The global services industry has gone clearly beyond the paradigm of ‘more work at lesser cost’. Companies are routinely seeking business outcomes, and in some cases, new forms of business value. Service providers who can deliver on these fronts make it to the GS100 and its categories.” said Ed Nair, Editor, Global Services.

“The firms that are recognized in the GS100 list show a higher level of focus on client needs, employee development and process improvement. They continue to be providers of choice in the market,” said Atul Vashistha, Founder and Chairman, NeoGroup.

Virtusa’s inclusion on the 2011 GS100 List comes in close succession to the company’s recognition by Zinnov Management Consulting as one of the leading R&D Service Providers for 2011. Virtusa provides high value IT services to help clients, including Global 2000 companies as well as leading software vendors, overcome industry challenges and achieve their business goals. Using its enhanced global delivery model, Virtusa focuses on providing clients high quality, innovative technology solutions which enable clients to increase productivity, improve customer service and reduce overall costs.

The GS100 List reflects the diversity and overall landscape of the service provider community in terms of company sizes, countries of origin and countries of delivery. Forty seven companies with revenues between $100M and $1B are represented on the list. The list includes companies from 18 countries with operations in 30 countries, making it truly global.

The full 2011 Global Services 100 List can be accessed on Global Service’s website at: http://www.globalservicesmedia.com/GS100/GS100-Category-Lists/The-2011-Global-Services-100:-Defining-Leadership-in-Global-IT-and-Business-Process-Outsourcing/26/61/9917/GS100806828646

About Global ServicesGlobal Services, a media platform by CyberMedia, covers strategies, best practices, and opportunities in global sourcing of ITO and BPO services. The publication reaches senior sourcing professionals in leading organizations across North America, Europe, and Asia. The Global Services brand is an integrated media platform that includes the website globalservicesmedia.com conferences, research, webinars, e-magazines, custom publishing, and various other content delivery formats.

About NeoGroupNeoGroup was founded in 1999 (Formerly neoIT) with the principle that talent in low cost locations and outsourcing firms, leveraged appropriately could create sustainable competitive advantage. NeoGroup helps organizations benefit from the rise of services globalization and outsourcing around the world. NeoGroup’s services helps create competitive advantage through advisory, risk monitoring, and program management.www.neogroup.com

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