Openpages and Virtusa Join Forces to Provide Adaptive Process Solutions to the Financial Services Industry

Business Wire, Sept 17, 2002

Business Editors

WESTFORD, Mass.--(BUSINESS WIRE)--September 17, 2002

Openpages(R), Inc., a leading provider of adaptive process solutions and Virtusa Corporation, a leading provider of global technology innovation services, have expanded their alliance agreement to deliver adaptive process solutions to the financial services industry. Openpages and Virtusa will capitalize on their long-standing relationship and will combine forces to provide adaptive process solutions to financial institutions that will accelerate the creation and delivery of critical information to clients, employees, and stakeholders.

"We have a long and successful history of working with Virtusa," said Gopal Nagarajan, vice president of professional services at Openpages. "Virtusa's endorsement of Openpages 4.0 as the next generation adaptive process solution further validates our approach of building applications that solve problems associated with information delivery and business processes for financial institutions."

By leveraging the combination of Openpages 4.0, technology expertise, and delivery capability, Openpages and Virtusa will provide joint customers in the financial industry with a rich library of applications that control how information is developed and presented to various audiences while ensuring consistency, timeliness, and compliance. These applications will significantly increase efficiencies while maximizing return on investment and minimizing total cost of ownership.

"We are excited about the opportunities that this new direction in our partnership presents to our respective companies. Our global consultants possess a deep domain expertise in the financial services industry and understand the importance of consistency, timeliness, and compliance to the industry players," stated John Gillis, executive vice president of Virtusa.

ABOUT OPENPAGES

Openpages is the leading provider of adaptive process solutions that enable financial and other institutions to accelerate the creation and delivery of critical information to their clients, employees, and stakeholders. Using Openpages' solutions, financial and other institutions can rapidly deliver powerful and innovative applications that adapt to unique business cases. Business managers have control over how information is developed and presented to various audiences while ensuring consistency, timeliness, and compliance. Openpages offers the first fully programmable software platform with comprehensive process automation, information management and XML-based publishing capabilities while providing a low cost of ownership.

Openpages Inc. is a privately held company with investors from leading high technology venture capital firms including Matrix Partners, Sigma Partners, Goldman Sachs, JAFCO, and North Hill Ventures. Openpages Inc. is headquartered in Westford, Massachusetts. For more information, visit: www.openpages.com.

ABOUT VIRTUSA CORPORATION

Founded in 1996, Virtusa Corporation is a Global Software Services provider for leading product innovators and Global 1000 corporations. Virtusa's service delivery model represents the convergence of product development best practices, global collaboration and delivery excellence through process maturity. The company's Advanced Technology Centers in Boston, Colombo (Sri Lanka) and Hyderabad (India) allow customers to leverage the full benefits of multi-site collaborative engineering, without the "pains" associated with the traditional offshore software services model.

Virtusa has an enviable track record of risk-mitigating enterprise-class application and product development and of significantly reducing the overall costs of products and solutions. Virtusa's unique collaboration framework and process maturity allow for globally distributed teams to function as seamless extensions of the customer organization to enhance the predictability, reliability, and cost-effectiveness of the customer's engineering efforts. Virtusa has successfully delivered over 400 product releases for over 100 customers, and has wide technical and business domain competencies.

Virtusa is headquartered in Westborough, MA with office locations in the San Francisco Bay Area, Chicago, Atlanta, Austin, New York Metro Area, Hyderabad (India) and Colombo (Sri Lanka). For more information on Virtusa Corporation visit www.virtusa.com

"Openpages" and the Openpages' logo are registered trademarks of Openpages, Inc.