Industry veteran will leverage 25+ year successful track record to accelerate BFS growthWESTBOROUGH, Mass., (December 19, 2013) Virtusa Corporation (NASDAQ: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced it has appointed Vasan Srinivasan as senior vice president, Banking and Financial Services (BFS), responsible for managing the overall business in North America. We are thrilled to welcome Vasan to the Virtusa team, said Raj Rajgopal, president at Virtusa. Vasan in-depth understanding of the banking and financial services industry will be invaluable as we continue to help some of the world's leading financial institutions navigate the sophisticated needs of increasingly mobile consumers and employees, improve business efficiencies and help comply with changing regulations. Vasan's extensive experience in financial services coupled with our differentiated solutions will be a potent combination as we further establish trusted advisor relationships with our clients and accelerate their business outcomes. Vasan has a 25+ year successful track record of helping global financial institutions reduce costs and grow their revenue. Prior to Virtusa, Vasan held sales and business leadership positions at FIS, EDS, Metavante, Cap Gemini, and Birlasoft, and most recently was the GM of Hosted Solutions at TCS. Vasan holds a Bachelor's degree in Electrical and Electronics Engineering from the University of Madras and an MBA from Duke University. I am very impressed with the Banking and Financial Services team's focus on creating unique solutions that combine deep domain-based business consulting with technology outsourcing to help financial institutions improve their customers experience and lower their costs, said Vasan.

As the demand for innovative technology solutions increases and clients experience fatigue with large vendors, we are well-positioned to provide disruptive ways to reduce business as usual costs, while helping our clients develop and deliver their digital strategy. I look forward to helping drive that growth. Virtusa's Banking and Financial Services customers include seven of the top ten U.S. banks, four of the top ten global banks, several of the top brokerage firms and two of the largest card and payment providers. Virtusa uses its Platforming methodology and global delivery model to help companies optimize their software applications and platforms, enhance operational efficiencies, minimize risks, sustain cost leadership, and support their business transformation initiatives.

For more information on Virtusa's solutions for banking and financial services organizations, please visit https://www.virtusa.com/industry/bfs/.

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