Prestigious recognition endorses company’s leading presence in the global financial services market

WESTBOROUGH, Mass., – (October 28, 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 again been recognized by IDC Financial Insights in their 2014 FinTech Rankings Top 100. This is the fifth consecutive year that Virtusa is being named to this elite list of the top 100 technology services providers to Financial Services companies. Virtusa stood out for their volume of business and services conducted exclusively in the financial sector. Out of thousands of global companies, Virtusa was ranked in the fifty-fifth spot, moving up three positions from last year’s ranking of fifty-eight.

“Banking and financial services is a very important driver in our portfolio of work,” said Vasan Srinivasan, senior vice president, head of Banking and Financial Services, North America, Virtusa. “We are excited to be ranked amongst such influential global companies for our unique and innovative services for the second year in a row. We are dedicated to providing cutting edge services and technologies for our growing roster of clients as they expand their digital functionalities. We are gratified to be honored, and are excited to push the boundaries of what Virtusa has to offer the banking and financial services industries.”

Virtusa offers a unique end-to-end approach that combines business and IT consulting with innovative software engineering practices and deep domain expertise that is scalable and adaptive to help meet a variety of customer needs and channels. The company takes an integrated, managed approach to help transform today’s financial services firms into tomorrow’s market leaders. Virtusa’s banking and financial services customers include five of the top 10 U.S. banks, four of the top 15 global banks, some of the top brokerage firms and several of the largest card and payment providers.

“Appearing on the IDC Financial Insights FinTech Rankings, a global measure of success in the financial services technology industry, represents a position of strength and influence in the market," said Jerry Silva, Director of Global Banking Research for IDC Financial Insights. "We congratulate this year's Top 100 FinTech companies and the Top 25 Enterprise companies for demonstrating their success in the industry and commitment to their customers."

Now in its eleventh year, the FinTech Rankings measures the health and growth of the financial services industry. IDC Financial Insights evaluates the revenues of leading global technology and services providers to the overall financial services industry in order to determine The FinTech Rankings. Technology providers are categorized and evaluated based on calendar year revenues for hardware, software and/or service. FinTech Rankings measures vendors that derive more than one-third of their revenue from financial institutions. In addition to the rankings, IDC Financial Services publishes a comprehensive report about the years findings that has been vital to the decision making process of financial services institutions when considering new investments in third party vendor solutions.

To see the final rankings, please see the special report issued on September 29th, 2014 in Bank Systems & Technology: http://www.banktech.com/vendor-management/announcing-the-2014-idc-financial-insights-fintech-rankings/a/d-id/1316095