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PRESS RELEASE

Virtusa Named a Leader in Digital Process Automation by Independent Research Firm

SOUTHBOROUGH, Mass. – (September 23, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced that Forrester Research has named Virtusa a Leader in The Forrester Wave™: Digital Process Automation Service Providers, Q3 2020 evaluation.

The Forrester Wave evaluates the most significant providers in the Digital Process Automation (DPA) marketplace and shows how each provider measures up against changing customer expectations to help technology and business decision makers select the right provider for their DPA low-code/no-code needs. Forrester evaluated 13 DPA Service Providers, and Virtusa was positioned as a Leader based on the scores in the current offering, strategy, and market presence categories.

According to the report, Virtusa leads process automation projects with a methodology to align delivery with application modernization. Its methodology assesses the existing technology landscape and includes enterprise architects in the delivery process to ensure technology alignment.

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PRESS RELEASE

IMB Bank Selects Virtusa for Open Banking Compliance in Australia

SOUTHBOROUGH, Mass. – (September 21, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced that its CDR (Consumer Data Right) Solution has been selected by IMB Bank to assure the bank is compliant with the Australia Competition and Consumer Commission (ACCC) CDR regulations for open banking.

To support compliance by IMB Bank, Virtusa’s CDR solution leverages elements of its Open Innovation Platform (OIP) as well as components of WSO2 API Management and Identity & Access Management.

Through the CDR, the Australian Government has mandated that consumers have greater access to and control over their data. It will improve consumers’ ability to compare and switch between products and services and will encourage competition between service providers, leading not only to better prices for customers, but also more innovative products and services.

PRESS RELEASE

Virtusa Named a Visionary in Magic Quadrant for IT Services for Communications Service Providers, Worldwide

SOUTHBOROUGH, Mass. – (September 14, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced that it had been named a Visionary in the Gartner Magic Quadrant for IT Services for Communications Service Providers, Worldwide.

This Magic Quadrant helps Communications Service Providers (CSPs) identify and evaluate suppliers to meet their IT services needs for both digital business transformation and traditional telecom IT. Gartner evaluated 13 CSP vendors in the report, and Virtusa was positioned as a Visionary based on its completeness of vision and ability to execute on this vision.

PRESS RELEASE

Baring Private Equity Asia to Acquire Virtusa for $51.35 Per Share in All-Cash Transaction Valued at $2.0 Billion

SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Sep. 10, 2020-- Baring Private Equity Asia (“BPEA”), one of the largest and most established private alternative investment firms in Asia, and Virtusa Corporation (NASDAQ GS: VRTU) (“Virtusa” or the “Company”), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced the companies have entered into a definitive merger agreement under which funds affiliated with BPEA will acquire all outstanding shares of common stock of Virtusa for $51.35 per share in an all-cash transaction valued at approximately $2.0 billion.

PRESS RELEASE

Virtusa Achieves Blue Prism Silver-level Delivery Provider Certification

SOUTHBOROUGH, Mass. – (August 4, 2020) – Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced it has achieved Silver-level Delivery Provider Certification from Blue Prism. 

To achieve this recognition, Virtusa passed a rigorous certification process for Blue Prism’s intelligent Robotic Process Automation (RPA) solutions and proved the ability to demonstrate customer success. 

PRESS RELEASE

Virtusa Reduces Infrastructure Costs by 20 Percent for Oway with Help from Google Cloud

SOUTHBOROUGH, Mass. – (July 29, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions, announced the successful completion of a cloud migration that reduced expenses by 20% for Oway.

Oway Group is the leading Myanmar-based travel and ride-hailing startup. Established in 2012, the company was founded with the vision of improving Myanmar’s travel and transport ecosystem through its innovative digital solutions. Launched in the first quarter of 2016, Oway Ride, the app-based taxi service, is accelerating its growth and providing GPS tech-based business and transport solutions to short distance travelers in Yangon, Mandalay, Bagan, Pyin Oo Lwin, and Mawlamyine regions.  

As the effects of the global COVID-19 pandemic on the travel industry became clear, Oway realized the need to immediately reduce expenses. Starting in early April, Virtusa used Google Cloud’s Migrate for Compute Engine to migrate its entire infrastructure to Google Cloud. The migration was completed in less than six weeks, and Oway is now realizing a 20% reduction in total infrastructure costs.

PRESS RELEASE

Virtusa Unveils New Talent Framework to Accelerate Career Growth and Deliver Value to Clients

SOUTHBOROUGH, Mass. – (July 27, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced the launch of Engineering IQ, a new talent framework to hone its engineers’ primary skills while developing new ones to accelerate career growth. Virtusa has demonstrated that team members who develop a higher Engineering IQ score deliver more value to clients, faster.

PRESS RELEASE

Virtusa Launches New Services that Balance the Need to Reduce Costs and Maintain Innovation

SOUTHBOROUGH, Mass. – (July 22, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced new enterprise cost optimization services that balance the need to reduce cost and remain competitive. 

Adverse global market conditions are impacting all industries forcing companies to focus strategically on cost-cutting, cost optimization, and value growth. Based on thousands of engagements with enterprise customers, Virtusa has developed a proven approach to reducing cost while maintaining innovation across several key industries, including Banking, Financial Services, Insurance, Healthcare, Life Sciences, Communications, Media, Entertainment, Travel, Manufacturing, and Technology. 

PRESS RELEASE

Virtusa Named a Finalist in the Application Innovation 2020 Microsoft Partner of the Year Award

SOUTHBOROUGH, Mass. – (July 20, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, announced it has been named a finalist of the Application Innovation 2020 Microsoft Partner of the Year Award. Virtusa was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.

“Virtusa has built over 200 assets leveraging Microsoft technologies for more than 65 global clients,” said Raymond Hennings, EVP and head of global sales, alliances, and strategic deals, Virtusa. “Virtusa ranked as a finalist in the Application Innovation Microsoft Partner of the Year Award for work around our Open Innovation Platform. This recognition demonstrates our technical expertise in consulting, implementing, and migrating Microsoft technologies and our industry-focused approach to delivering innovative solutions to our clients quickly using the Open Innovation Platform.”

Virtusa’s Open Innovation Platform (OIP) helps banks design and develop products and capabilities customers are demanding faster. Identifying and meeting these needs as fast as possible is critical to help banks respond to the impact COVID-19 has on operations.

PRESS RELEASE

Virtusa Achieves AWS End User Computing Competency Status

SOUTHBOROUGH, Mass. – (July 16, 2020) – Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions, announced it has achieved the Amazon Web Services (AWS) End User Computing (EUC) Competency. This designation recognizes that Virtusa provides deep expertise in supporting customers that need to provision, protect, and get intelligence from end-point devices, end-user apps, and data on AWS.

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