[January 27, 2015]

Everest Group Names Virtusa Major Contender in PEAK Matrix™ for Enterprise Cloud Application Services

Virtusa Corporation (NASDAQ GS: 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 been named a Major Contender in enterprise cloud application services by Everest Group, an advisory and research firm on global services. This is the first year Virtusa has been positioned by Everest Group in this category.

The in-depth report, issued annually, measures service providers on its proprietary Performance, Experience, Ability and Knowledge (PEAK) Matrix. According to the report, the PEAK Matrix is a composite framework that provides an objective, data-driven, and comparative assessment of independent testing service providers based on their absolute market success and delivery capability.

"We are truly humbled to be included on this year's PEAK Matrix for enterprise cloud application services," said Amit Khanna, vice president and global head of Cloud Practice at Virtusa. "We're proud to take a holistic approach to cloud migration services and understand that a successful transformation experience not just relies on applications, but ensuring synergies exist with the hardware, as well. It's an honor to be included as a major contender and we look forward to moving up in next year's report."

Virtusa's cloud-based offerings span the entire software spectrum from assessment, migration, implementation and integration. The offerings focus on multi-tenancy, scalability, elasticity, pay-as-you-go and on-demand provisioning. Through cloud computing Virtusa helps clients reduce costs, improve business agility while enhancing focus on improving business solutions.

The Company has enjoyed a decade f thought leadership in software platforms and unique capabilities that accelerate cloud adoption. They continuously differentiate themselves from key competitors by providing solution accelerators and frameworks that provide robust functionalities enabling customers to go-to-market faster. Their agile development model allows them to build fast and cost-effective applications while operating with a dedicated off-shore cloud POC development lab for new ideation and solution development.

"Reliable migration to cloud-based application services are high on the priority list for most CIOs," said Chirajeet Sengupta, vice president, Everest Group. "Virtusa has been evaluated as a "Major Contender" in the Cloud Application Services market on account of its strengths in application integration, modernization, and migration, as well as its experience in working with industry leading platforms."

Since the report, Virtusa's cloud practice has also developed a proprietary "Cloud Factory" that is defined and validated through a macro/micro analysis and reference implementation. Based on the vast diversified experience of employing assessment, migration, implementation and integration of cloud solutions the model employs repeatable processes and re-usable artifacts for application migration and aligns with organizational platforms, architecture blueprints, policies and guidelines providing balance and cloud portability.

To view Everest Group's PEAK Matrix for Enterprise Cloud Application Services, please visit https://research.everestgrp.com/Product/EGR-2014-4-R-1277/Enterprise-Cloud-Application-Services-PEAK-Matrix-Assessment-a

To learn more about Virtusa's capital markets practice, please visit http://www.virtusa.com/services/cloud-offerings/perspective/

About Virtusa

Virtusa provides end-to-end information technology (IT) services to Global 2000 companies. These services, which include IT consulting, application maintenance, development, systems integration and managed services, leverage a unique Platforming methodology that transforms clients' businesses through IT rationalization. Virtusa helps customers accelerate business outcomes by consolidating, rationalizing, and modernizing their core customer-facing processes into one or more core systems.

Virtusa delivers cost-effective solutions through a global delivery model, applying advanced methods such as Agile (News - Alert) and Accelerated Solution Design to ensure that its solutions meet the clients' requirements. As a result, its clients simultaneously reduce their IT operations cost while increasing their ability to meet changing business needs.

Founded in 1996 and headquartered in Massachusetts, Virtusa has operations in North America, Europe, and Asia.

© 2011 - 2015 Virtusa Corporation. All rights reserved.

Virtusa, Accelerating Business Outcomes, BPM Test Drive and Productization are registered trademarks of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

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