Bangalore, "(October 10, 2013)“

Virtusa Corporation (NASDAQ:VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that it has won the prestigious Golden Peacock Award for the year 2013 under the 'HR Excellence' category.

The award, established by the Institute of Directors (IOD) India, is regarded worldwide as one of the most esteemed recognitions and sets global standards for assessing a company on various parameters of HR and people management practices. The award was presented at IOD India's London Global Convention 2013 by Rt. Hon. Baroness Verma, Parliamentary Under Secretary of State for Energy & Climate Change, Govt of UK.

Accepting the award, Sundararajan Narayanan, vice president - global head HR, Virtusa Corporation said, It is truly an honor to be recognized by the Institute of Directors for our leadership in building a vibrant and energetic workplace by employing innovative HR practices. This prestigious award is a testament to our outstanding HR practices, the world-class people-centric organization we have created, and validates the efforts we have put in to establish Virtusa as an employer of choice.

It is very encouraging to see our focus on employee engagement and people development being recognized by IOD. We are very proud to be recipients of the Golden Peacock Award for HR Excellence, which reinforces Virtusa's position as a preferred employer,said Samir Dhir, executive vice president -global delivery head and head of India operations, Virtusa Corporation.

The nomination process of the much sought-after award is based on rigorous assessment of various HR parameters and people management practices. Virtusa has demonstrated effective, creative and proactive HR and people management practices, and is considered as a role model.

Manoj K Raut, CEO & Director, Institute of Directors said,Virtusa has demonstrated unparalleled leadership in developing innovative programs and practices for employee engagement and retention. We congratulate Virtusa on being named as winner in the HR Excellence category.Virtusa's achievements in developing a highly engaging and fulfilling work environment using industry-leading practices made their application stand head and shoulders above the rest of the group. We wish them all the best in continuing this trend in HR excellence.

Over the past year, Virtusa has been recognized all over the globe with numerous awards, including 'Best Employer' awards in the U.S., Britain, India and Sri Lanka. Recently, Virtusa was honored with Asia's Best Employer Brand 2013 award under the 'Excellence in HR through Technology' category. It was earned a Stevie Award for 'Human Resources (HR) Department of the Year- Computer Software and Services', listed on the Britain's Top Employers list and The Boston Globe's Globe 100, in addition to being recognized with a Pegasystems Partner Excellence Award for Thought Leadership in Legal Services

About the award ceremony:

The award was presented at a specially organized 'Golden Peacock Awards Nite', in London on 2nd October, 2013. It witnessed a distinguished gathering of business leaders, jurists, academics, environmentalists, economists and legislators.

About The Golden Peacock Awards:

The Golden Peacock Awards (GPA) is a set of prestigious national and global awards designed to improve productivity and quality in organizations. Established in 1992, the Golden Peacock Awards are considered the greatest recognition of corporate excellence in areas of innovation, quality, training, governance, environment management and corporate social responsibility.

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