Victory for Virtusa

Named to Deloitte’s 2010 Technology Fast 500 List of fastest growing companies in North America

Virtusa Corporation, 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 realise exceptional growth,” said Phil Asmundson, Vice Chairman and Deloitte’s US 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 recognised 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 recognised 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.

Virtusa provides end-to-end information technology (IT) services to Global 2000 companies. These services, which include IT consulting, application maintenance, development, systems integration and managed services, leverage a unique platforming methodology that transforms clients’ businesses through IT rationalisation. Virtusa helps customers accelerate business outcomes by consolidating, rationalising and modernising their core customer facing processes into one or more core systems.

Virtusa delivers cost-effective solutions through a global delivery model, applying advanced methods such as agile and accelerated solution design to ensure that its solutions meet the clients’ requirements.  As a result, its clients simultaneously reduce their IT operations cost while increasing their ability to meet changing business needs.

Founded in 1996 and headquartered in Massachusetts, Virtusa has operations in North America, Europe and Asia.