Pegasystems Inc. Presents Virtusa with Award for Most Innovative Implementation of Pegasystems Software

Westborough, Mass. - June 10, 2003– Virtusa Corporation, a global provider of software development and related IT services, announced today that it was the recipient of a Pegasystems Partner Excellence Award at Pegasystems' annual customer and partner conference, PegaVISION 2003. Virtusa, a Pegasystems Alliance Program Services partner, was presented with a Partner Excellence Award for the Most Innovative Implementation of Pegasystems software. The conference, held at the Boston Marriott Copley Place in Boston , Massachusetts , showcased the latest trends in business process management (BPM) and business rules technology.

The Partner Excellence Award for the Most Innovative Implementation of Pegasystems Software is given to a partner that has implemented Pegasystems software for an end-user customer in a new industry or in a distinguishing way. Selection criteria included evaluation of the degree of complexity in the underlying business process automation and level of integration with other solutions.

"Over the past year, Virtusa has partnered with us to help deliver the benefits of our smart BPM solutions to the marketplace through their innovative implementation of a solution built on PegaRULES Process Commander. We are excited to honor them with this award," said Samir Gulati, Vice President of Global Marketing, Pegasystems. "Virtusa is a thought leader in the IT outsourcing industry and we are proud to work with them."

John Gillis, Virtusa's Executive Vice President, accepted the award on behalf of Virtusa at the PegaVISION awards ceremony.

"We want to thank Pegasystems for honoring us with this award," said Gillis. "This award is further confirmation of the value we can deliver to our clients, through innovative use of Pegasystems technology. I would also like to thank the hard-working efforts of our employees that help differentiate us from the competition."

Under the alliance, both companies are engaged in joint sales and marketing initiatives focused on helping organizations increase sales and reduce the cost of changing rules in business applications. Virtusa helps create and distribute PegaRULES RuleSets, a collection of best practices and procedures that describe how to resolve a specific business function or problem. Virtusa is working with Pegasystems to build and deliver pre-packaged, market-specific RuleSets based on industry best practices.

About Pegasystems

Pegasystems Inc. (NASDAQ: PEGA) provides rules-based, smart business process management (BPM) software to large organizations, helping to deliver improved ROI and providing them with the flexibility and agility to respond to changing business needs. With annualized revenues of approximately $100 million and a blue-chip customer base, the company offers applications for the financial services, healthcare, insurance and government markets, as well as a cross-industry BPM application. Pegasystems is headquartered in Cambridge, Mass., and has regional offices in North America, Europe and the Pacific Rim.

For more information, visit www.pega.com.

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