Virtusa’s inaugurates Advanced Technology Center in Nanakramguda, Hyderabad

Virtusa Corporation (NASDAQ: VRTU), a global IT services company that offers a broad spectrum of business consulting and outsourcing services, today announced the inauguration of its new state-of-the-art Advanced Technology Center (ATC) in Nanakramguda, Gachibowli, Hyderabad, marking an expansion of its engineering excellence capabilities in India. Virtusa has invested approximately Rs. 75.30 crores in setting up the new center.

The ATC, whose inauguration ceremony was lead by Dr. K. Rosaiah, Honourable Chief Minister Government of Andhra Pradesh, is built on over 6 acres of land, and when fully built out would provide a 6000 seat capacity. The inauguration ceremony was also graced by the presence of Sri Komatireddy Venkat Reddy, Honourable Minister for IT, Youth Services & Sports, Communications, Government of Andhra Pradesh, Sri Srighakolapu Siva Rama Subrahmanyam, Chairman, Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC), Smt. K. Ratna Prabha, IAS, Principal Secretary, Information Technology and Communications, Government of Andhra Pradesh and Sri B.R. Meena, IAS, Vice Chairman & Managing Director, Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC). The ceremony was also attended by Virtusa’s clients, partners and employees.

Speaking at the inauguration, Kris Canekeratne, Virtusa’s Chairman and Chief Executive Officer, said, “India is a key part of our global operations and we are proud of this milestone in our decade long association with Hyderabad in addition to our presence in Chennai.  Our new Advanced Technology Center reflects our commitment to Virtusans in India who are part of our One Global Team focused on accelerating business outcomes and consumer experiences of our Fortune 1000 client base.”

The Hyderabad campus will provide diverse technology solutions and service global clients across many industries, including, banking, financial services, insurance, telecommunications, technology and healthcare. The center will have capabilities to service clients’ needs across multiple technologies, including business process management (BPM), enterprise resource planning (ERP), enterprise content management (ECM), datawarehousing & business Intelligence, quality assurance and testing, and application outsourcing.

Samir Dhir, Virtusa’s Senior Vice President/Global Delivery Head & Center Head, India, said, “This is a momentous occasion for all of us, and a major milestone in our history. The efforts of a multi-function team have resulted in the development of a world class sanctuary, facilitating our employees to be part of one global team while providing equal emphasis on talent development and engagement which is an integral part of the Virtusa experience.  The new eco-friendly campus facility will significantly strengthen our delivery capabilities and reinforce our commitment to excellence in all our endeavors. We would also like to thank the Government of India and Government of Andhra Pradesh officials for their support and encouragement in bringing this to fruition.”

Virtusa’s environmental accountability is an integral part of our corporate values and the effective use of soil, energy, lighting, water, and building management was a key design mandate for the Advanced Technology Center, with the aim of LEED certification on completion of all phases. Virtusa has also been actively involved in supporting the communities it operates in and has worked with local schools, and universities, provided flood relief and blood donor campaigns as part of its sustainability initiatives in both Andhra Pradesh and Tamil Nadu.

Virtusa has received numerous industry recognitions and awards globally and in India, including:

- 2010 Global Services 100

- 2010 IAOP’s Global Outsourcing 100 sub-list for Entertainment & Media

- 2010 Dataquest-IDC IT Best Employers in India, for the second consecutive year

- 2008 Indo-American Corporate Excellence Award in the category of Technology, Communications and Entertainment

About Virtusa: Virtusa provides end-to-end information technology (IT) services to Global 2000 companies. These services, which include IT consulting, application maintenance, development, systems integration and managed services, leverage a unique Platforming methodology that transforms clients’ businesses through IT rationalization. Virtusa helps customers accelerate business outcomes by consolidating, rationalizing and modernizing their core customer facing processes into one or more core systems.

Virtusa delivers cost-effective solutions through a global delivery model, applying advanced methods such as Agile and Accelerated Solution Design to ensure that its solutions always meet the clients’ exact requirements.  As a result, its clients simultaneously reduce their IT operations cost while increasing their ability to meet changing business needs. Founded in 1996 and headquartered in Massachusetts, Virtusa has operations in the North America, Europe and Asia.

Photo captions: Chief Minister of Andhra Pradesh, Dr. K. Rosaiah inaugurates Virtusa’s new Advanced Technology Centre at Hyderabad on September 29, 2010. On the left is Kris Canekeratne, Virtusa’s Chairman and Chief Executive Officer