WESTBOROUGH, Mass., (September 27, 2016) VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide provider of information technology (IT) consulting and outsourcing services, today announced that both Virtusa Corporation and Polaris Consulting & Services have been recognized by IDC Financial Insights in the 2016 FinTech Rankings, with Virtusa Corporation ranked #52 and Polaris Consulting & Services ranked #51. The annual IDC Financial Insights FinTech Rankings is based on 2015 calendar year revenues attributed to financial institutions.The IDC Financial Insights FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services.

The annual IDC Financial Insights FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players.Leadership in the evolving banking and financial services industry requires a commitment to innovation and digital transformation,said Jitin Goyal, president - Banking & Financial Services, VirtusaPolaris & CEO, Polaris Consulting & Services, Ltd.We are dedicated to providing our clients with the technologies they need to be at the forefront of innovation, increase productivity and provide their customers with exceptional services, while also realizing new cost efficiencies and synergies.To compete successfully in this environment of digital disruption, financial services firms need to proactively harness and execute on a customer-centric Digital strategy that will enable them to provide omni channel high touch service to their customers. Combining its extensive experience of over 25 years in the banking and financial services industry with proven innovation and execution capabilities, VirtusaPolaris has been helping its financial services clients implement digital technologies to transform their businesses, expand their addressable market and increase revenues.Being positioned on the IDC Financial Insights FinTech Rankings demonstrates a fintech company's commitment to the financial services industry and the success achieved at their financial institution clients, said Karen Massey, senior analyst at IDC Financial Insights. The IDC Financial Insights FinTech Rankings, now in its 13^th year, is the global industry standard who's who of financial services technology providers, and we congratulate the 2016 winners.On March 3, 2016, Virtusa Corporation acquired a majority interest in Polaris Consulting & Services Limited. VirtusaPolaris, our new market-facing brand, represents the combined strengths of Virtusa and Polaris, including our strong software engineering heritage, deep domain expertise and focus on applying innovation to solving critical core business issues for clients.

To see the final rankings, please see the special report: http://www.idc.com/download/finalrankings2016.pdf.

For more information on VirtusaPolaris' solutions for banking and financial services organizations, please visit https://www.virtusa.com/industry/bfs/.

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