Virtusa Honored in FinTech Forward Program by American Banker and BAI

Virtusa Corporation (NASDAQ GS: VRTU), a global IT services company that combines innovation, technology leadership, and industry solutions to transform the customer experience,today announced that they have been ranked as a FinTech Forward Top 100 organization, a new initiative formed by American Banker and BAI -- banking’s top two professional information and education organizations -- to give bankers the information and perspective on technology they need to plot a course for the future. Virtusa’s innovative banking and financial services were ranked 48 on this year’s list. The full 2014 FinTech Forward rankings were published in November 2014, as a Special Report from American Banker and Bank Technology News.

“We are delighted to receive yet another accolade that endorses the differentiated value we bring to our banking and financial services clients,” said Vasan Srinivasan, senior vice president, banking and Financial Services, North America, Virtusa. “Our expanding roster of banking and financial services clients are drawn to Virtusa because of our strong consulting capabilities and importantly our ability to consistently deliver innovative, secure and personalized solutions in a highly competitive and regulated marketplace.”

Virtusa was recognized for being a top vendor deriving more than one-third of revenue from financial institutions and innovative banking and financial services offers. Virtusa was recognized for not only serving some of the globe’s largest banks, but also holding a unique share of the crowded supplier market segment. Virtusa’s banking and financial services clients include leading US and global banks, top brokerage firms and several of the largest card and payment providers.Using its global delivery model and platforming approach, Virtusa delivers accelerated business solutions to its clients, enabling them to rapidly evolve their products and services and improve customer experience.

“FinTech Forward recognizes the largest solutions providers who are leading the way in financial services technology,” said Debbie Bianucci, president and chief executive officer at BAI. “We’re pleased to congratulate Virtusa on their Top 100 FinTech Forward ranking for 2014!”

This ranking adds to a growing list of recent awards and rankings Virtusa has been honored by, including most recently being ranked in the IDC Financial Insights Fintech 100 and receiving the Everest Group’s PEAK Matrix for IT Outsourcing in Banking and Financial Services.

To learn more about Virtusa’s banking and financial services, please visit: http://www.virtusa.com/industries/banking-and-financial-services/perspective/.

About Virtusa:

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 rationalization. Virtusa helps customers accelerate business outcomes by consolidating, rationalizing, and modernizing 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.

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