Virtusas Kris Canekeratne selected as EY Entrepreneur of The Year 2018 Award Winner in the New England Regional Finals

Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital
strategy, digital engineering, and IT outsourcing services that
accelerates business outcomes for its clients, today announced that its
Chairman & CEO, Kris Canekeratne, is a winner of the EY Entrepreneur of
The Year® 2018 Award in the New England region for the
Business Process Outsourcing category. The awards program took place on
June 28, 2018 at a gala in Boston.

This prestigious awards program recognizes entrepreneurs across
industries who have steered their organizations’ excellence in areas
such as innovation and financial performance and have showcased
exemplary personal commitment to their businesses and communities. Kris
Canekeratne was selected as a winner by a panel of independent judges,
making him one of ten representatives from the New England region to
contend for the coveted U.S. national title.

“I am honored to receive this award from EY. I extend my hearty
congratulations to the other winners and all of New England’s
enterprising leaders who are leading disruption in their fields and
making exceptional contributions to the socio-economic growth of this
region and beyond,” said Kris Canekeratne, Chairman & CEO of Virtusa.

“Virtusa and the industries it serves are at a seminal moment. The
digitization of businesses and the world will only accelerate. The task
to innovate will only grow in consequence. While the industry is still
at the early stages of the Fourth Industrial Revolution, Virtusa is
incredibly well positioned to help its clients envision and usher in
transformative digital futures, creating competitive differentiation for
them and for us. We are well on our way to realizing our vision of
becoming the leading Digital Engineering Services Firm in the world, by
leveraging the platform and philosophies that helped us turn an
under-funded startup in Westborough, Massachusetts, into a billion
dollar global leader. I believe that this award is a wonderful
acknowledgement, both of how far we have come and where we are going. In
both regards, the award really belongs to our clients, partners, team
members, and shareholders around the world. Without their commitment and
belief, we would not be here today,” shared Kris.

“This award is recognized around the world as an emblem of
entrepreneurial success and we commend the winners for this great
achievement,” said Kristin Keating, Entrepreneur of the Year Program
Director and Partner at Ernst & Young LLP. “These award recipients are
making a positive impact on our economy, the local New England
community, and our world, and they are truly deserving of this honor.”

Founded in 1996, Virtusa is a product of Kris’s passion for technology
and his groundbreaking vision for the future of the IT industry,
pioneering the paradigm shift from labor arbitrage to an
innovation-driven, client-centric solutioning approach. Over the years
under his industrious leadership, Virtusa has not only expanded its
geographic and service footprint, but has also had a consistent,
industry-leading growth trajectory. Virtusa has received numerous
globally renowned accolades for its vertical-specific, cutting-edge
innovation capabilities and thought leadership in digital engineering.
In March 2018, it announced that it crossed $1 billion in annualized
revenue.

About EY Entrepreneur of the Year Awards

Founded by EY, Entrepreneur of The Year® is the world’s most
prestigious business awards program for entrepreneurs. Winners are
chosen from an independent panel of judges including entrepreneurs and
prominent leaders from business, finance, and the local community. The
program makes a difference through the way it encourages entrepreneurial
activity among those with potential and recognizes the contribution of
people who inspire others with their vision, leadership and achievement.
As the first and only truly global awards program of its kind,
Entrepreneur of The Year celebrates those who are building and leading
successful, growing and dynamic businesses, recognizing them through
regional, national and global awards programs in more than 145 cities
and more than 60 countries. The program is now in its 32nd
year.

About Virtusa Corporation

Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of Digital
Business Transformation, Digital Engineering, and Information Technology
(IT) outsourcing services that accelerate our clients’ journey to their
Digital Future. Virtusa serves Global 2000 companies in Banking,
Financial Services, Insurance, Healthcare, Telecommunications, Media,
Entertainment, Travel, Manufacturing, and Technology industries.

Using a combination of digital strategy, digital engineering, business
implementation, and IT platform modernization services, Virtusa helps
clients execute successful end-to-end digital business transformation
initiatives.

Virtusa engages its clients to re-imagine their business models and
develop strategies to defend and grow their business by introducing
innovative products and services, developing distinctive digital
consumer experiences, creating operational efficiency using digital
labor, developing operational and IT platforms for the future, and
rationalizing and modernizing their existing IT applications
infrastructure. As a result, its clients are simultaneously able to
drive business growth through digital-first customer experiences, while
also consolidating and modernizing their IT application infrastructure
to support digital business transformation.

Holding a proven record of success across industries, Virtusa readily
understands its clients’ business challenges and uses its domain
expertise to deliver innovative applications of technology to address
its clients’ critical business challenges. Examples include building the
world’s largest property & casualty claims modernization program; one of
the largest corporate customer portals for a premier global bank; an
order to cash implementation for a multinational telecommunications
provider; and digital transformation initiatives for media and banking
companies.

Founded in 1996 and headquartered in Massachusetts, Virtusa has
operations in North America, Europe, and Asia.

© 2018 Virtusa Corporation. All rights reserved.

Virtusa, Accelerating Business Outcomes, BPM Test Drive and
Productization are registered trademarks of Virtusa Corporation. All
other company and brand names may be trademarks or service marks of
their respective holders.

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