Translates and manages data from multiple systems to help meet requirements of Form PF, 13F, CPO-PQR, OPERA, AIFM Directive and other U.S. and European regulatory filings

WESTBOROUGH, Mass., (April 23, 2013) Virtusa Corporation (NASDAQ: VRTU), a global IT services company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced the launch of CSalt, Virtusa's Compliance Suite for Alternative Investments.CSalt is a suite of solutions designed to dramatically ease the burdens of alternative investment advisors and those that support them. CSalt was designed and built with global regulatory requirements in mind, including Form PF, 13F, annual ADV updates, CPO-PQR, OPERA and the AIFM Directive in Europe. The suite of solutions allows firms to import and store data and fulfill multiple regulatory requirements from one place.

CSalt enables private fund managers (hedge and private equity funds) to easily import, translate and manage data from multiple data sources such as those from fund administrators, prime brokers and internal sources (inclusive of trade order management, portfolio management and CRM). Once imported into CSalt, this vital data becomes available in one language for simplified regulatory and investor reporting, including e-filing where available. Unlike other solutions available on the market, that require users to fill out rigidly formatted templates or spend weeks building to the users' source data systems, CSalt is flexible and customizable for easy set-up and greater user control.

"The data that must be captured for Form PF and other reporting isn't trivial, and it's putting significant stress on many organizations, said Erik DiGiacomo, senior vice president, Financial Services Consulting at Virtusa. These regulations don't simply create a new set of forms to fill out, they require entirely new processes that must be supported by innovative technology and renewed data management rigor."

Today's chief compliance officer needs a solution that is easy and efficient to implement and does not require costly and time-consuming IT resources. Given the collaborative nature of today's compliance process, Virtusa developed a solution that is easily accessed by a secure web interface and hosted in a fully redundant, backed up and secure data center. With Virtusa's CSalt, firms have a platform that enables them to remain agile even as future regulations emerge.

Although CSalt is designed to handle massive amounts of data from disparate sources, the end-user experience is straightforward and uncomplicated. Virtusa's CSalt solution has taken out much of the complexity so that firms can focus on what they do best: managing investments efficiently for maximum return.While some competitive solutions offer a web interface at a premium, this capability is standard in CSalt. This enables users to share functionality across different geographies, fostering collaboration among the various parties across a typical compliance workflow. Accurate, consistent and timely compliance reporting is now merely a few clicks away.

For more information on features and benefits of CSalt, please visit: https://www.virtusa.com/industries/banking-and-financial-services/industry-solutions/compliance-suite-for-alternate-investments-csalt/.

Virtusa's Global Financial Services Consulting Group provides end-to-end consulting, and technology and transformation services for the financial services industry worldwide including banks, broker dealers, FCMs, fund administrators, investment banks, investment managers, private funds, prime brokers/prime services and select industry service providers. For more information on Virtusa's solutions for banking and financial services organizations, please visit https://www.virtusa.com/industries/banking-and-financial-services/perspective/.

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