Virtusa’s 361% Percent Revenue Growth Fuels Ranking as 388th Fastest Growing Company in North America

Westborough, MA – October 23, 2007 – Virtusa Corporation (NASDAQ: VRTU), a global IT services company that provides IT consulting, technology implementation and application outsourcing services, today announced that it ranked Number 388 on Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002–2006. Virtusa grew 361% during this period.

Virtusa’s Chairman and CEO, Kris Canekeratne, credits Virtusa’s global team members, the company’s unique software platforming vision and Virtusa’s deep client relationships with the company’s 361% revenue growth over the past five years. He said, "We are delighted to follow up our recent Deloitte New England Fast 50 award with this latest Deloitte Technology Fast 500 award.”

"Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate Virtusa on this significant accomplishment."

In addition to ranking on Deloitte’s Technology Fast 500, Virtusa ranked 43 on the New England Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in New England.

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