Company receives award for the third consecutive year for commitment to employee excellence

WESTBOROUGH, Mass., – (October 23, 2014) – Virtusa Corporation (NASDAQ GS: VRTU), a global IT services company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that it has earned a Silver Stevie^® Award for ‘Human Resources (HR) Department of the Year-Computer Software and Services’ in the 11th annual International Business Awards. This is the third consecutive year Virtusa has had its Human Resources division honored.

“It’s incredibly humbling to be honored with this award for the third straight year,” said Kris Canekeratne, chairman and CEO of Virtusa. “During the past year we’ve successfully ‘gamified’ our processes by implementing our very own, proprietary social media platform to boost team member communication and energize our millennial workforce. This implementation has invigorated team member morale, facilitated better collaboration and knowledge sharing among team members, driven productivity improvements and helped in finding new, innovative ways to address our clients changing needs.”

Key to the overall success of Virtusa’s human resources program is its commitment to being an employee-centric brand. Knowing that its growing, global workforce was becoming increasingly staffed with young, social media-savvy millennials, Virtusa developed its own social business platform, called V+, to help its team members work, learn, collaborate, and innovate. Testing the theory that employees could be motivated beyond financial incentives, V+ relies on the principles of gamification to encourage team members to solve problems and increase productivity. The system provides a real-time ‘leaderboard’ across its offices to showcase top performers, a ‘RAVE’ feature to solicit constant and immediate feedback, and the use of ‘badges’ to highlight team member accomplishments.

“The deployment of gamification was a huge transition from our legacy systems and modalities,” said Sundararajan Narayanan, senior vice president and global HR head, Virtusa. “Knowing that eighty-six percent of our workforce was now comprised of tech-savvy millennials, it was important for our business to adapt to the change in culture. The V+ system not only provided a way for our company to increase productivity and revenue in 2013, but it is also a perfect example of Virtusa being an employee-first organization, willing to go an extra step to motivate and reward team members.”

Over the past year, Virtusa has been recognized all over the world for its commitment to employee excellence with numerous awards, including Britain’s Top Employer, the Golden Peacock HR Excellence Award, Asia’s Best Employer Brand, Best Places to Work by The Albany Business Review and Achiever’s Top 50 Most Engaged Work Places Award.

This year more than 3,500 nominations were submitted and Virtusa was one of just two companies to receive an honor in this category. To see a complete list of this year’s winners, please visit http://www.stevieawards.com/pubs/iba/awards/408_2942_24962.cfm

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