Company Honored with ‘Human Resources Department of the Year’

WESTBOROUGH, Mass. – (November 14, 2012) – Virtusa Corporation (NASDAQ: VRTU), a global IT services company that offers a broad range of information technology services, including IT consulting, technology implementation and application outsourcing, announced today that it has earned a Silver Stevie® Award for ‘Human Resources (HR) Department of the Year’ in the 2012 International Business Awards (IBA). The award recognized Virtusa’s outstanding global HR practices, work environment and benefits. In addition, the award highlighted Virtusa’s unique culture across its international locations in North America, Europe and Asia.

“We are delighted to receive recognition for our efforts in building Virtusa as an employer of choice in the geographies in which we operate in,” said Kris Canekeratne, chairman and CEO at Virtusa. “In addition, this award recognizes our commitment to creating a fulfilling work environment for our global team members and honors the hard work and dedication of our global workforce who deliver cutting-edge IT solutions for our clients.”

The IBA award recognizes Virtusa’s success in establishing a global “people program” that enables and nurtures talent and supports business growth across its geographic locations. While Virtusa has won numerous local and country-specific awards, this recognition truly highlights the company’s global successes and honors Virtusa for its outstanding people practices across its international locations.

“As Virtusa continues to expand our global footprint, we remain committed to fostering a social business eco-system that caters to the millennial work ethic,” said Sundararajan Narayanan, vice president and global head of human resources at Virtusa. “In addition, our focus on building globally savvy leaders that transcend cultural and economic boundaries provides exciting global opportunities for our top talent across our international offices. We are delighted to receive this honor and proud to have created a people eco-system which our team members all over the world are proud to be a part of.”

Now in its ninth year, the International Business Awards are judged by nearly 300 executives around the world. Virtusa was recognized among more than 3,200 nominations submitted this year for consideration from organizations in more than 50 nations and territories in virtually every industry. The International Business Awards trophy is one of the world's most coveted prizes.

"Entries to the IBAs grew substantially this year," said Michael Gallagher, president and founder of the Stevie Awards. "Despite slow economic conditions in much of the world, the quality of nominations was outstanding, demonstrating that there are many companies that are innovating and growing regardless.”

Virtusa continues to be recognized for HR excellence having won "Best Employer" Awards in the US, UK, India and Sri Lanka in the past year alone. Not only does the company implement best HR practices globally, it has several distinct programs in place covering personal productivity improvement, use of social tools to improve business outcomes and more, which ensure a professionally fulfilling environment for team members, while fostering company growth.

In addition to being named a 2012 American Business Award winner earlier this year for its HR department, Virtusa was included on the 2012 GS100 List and recognized by Zinnov Management Consulting as one of the leading R&D Service Providers for 2012. The company was also named to Britain’s Top Employers for 2012, Forbes’ 2011 Best Small Companies in America, the 2011 FinTech 100, Dataquest-CMR Top 20 Best IT Employers in India for 2011 and earned recognition as a recipient of Pegasystems’ first annual Partner Excellence Awards.

The 2012 International Business Awards were presented at a gala event on October 15 at the Ritz-Carlton Hotel in Seoul, South Korea. The full list of winners can be accessed at http://www.stevieawards.com/pubs/iba/awards/408_2219_21728.cfm

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