Virtusa Ranked #1 IT Systems Outsourcing Vendor in Wealth Management Industry by the 2007 Black Book of Outsourcing

MA, Westborough – 26 September 2007

Company to Address Emerging IT Trends in Wealth Management at Industry Summit

Virtusa Corporation (NASDAQ: VRTU), a global IT services company that provides IT consulting, technology implementation and application outsourcing services, has been named the top IT Systems Outsourcing Vendor in the Brown-Wilson Group's annual “Black Book” survey of Top Outsourcing Vendors in the Wealth Management Industry.

The Wealth Management IT Systems Outsourcing rankings are based upon eighteen criteria of operational excellence, including technology innovation, client relationships and trust, breadth of offering and customization.

“Outsourcing is becoming more popular as wealth management industry executives become more comfortable with the robustness of the outsourcers’ systems and capabilities, especially in times of regulatory change,” noted Doug Brown, co-author of “The Black Book of Outsourcing” and a principal of Brown-Wilson Group. “Virtusa is at the top of a very exclusive group of high-quality IT systems outsourcers in this evolving, fast-growing industry.”

“We are extremely pleased to be recognized by Brown-Wilson Group in The Black Book of Outsourcing for our innovative work in the wealth management arena,” said Kris Canekeratne, Virtusa Chairman and CEO. “For financial institutions that offer wealth management services, the focus must be on how IT can deliver more agile solutions to increase operational efficiency and improve customer experience. Virtusa’s software platforming approach has enabled our wealth management clients to enhance their customer-facing applications–opening accounts faster, offering new products and services seamlessly, and providing superior customer service to their high-net worth clientele.”


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