Business Services Industry

Virtusa and Vignette Renew Strategic Partnership to Enhance Development of Vignette ECM Solutions

Business Wire, April 5, 2006

AUSTIN, Texas & WESTBOROUGH, Mass. -- Vignette and Virtusa today announced a strategic partnership to leverage the Vignette Center of Excellence, currently in operation at Virtusa's Hyderabad Technology Center, for Vignette product management, product engineering and professional services implementation. Vignette develops a comprehensive suite of enterprise content management (ECM) solutions that help organizations transform their content from a liability to an asset.

The Vignette Center of Excellence at Virtusa opened in 2000 as a small quality assurance team and has since evolved into a significant ecosystem fully integrated with Vignette's global engineering workforce, processes and systems. Under the terms of the new agreement, Vignette may increase the team size as needed.

"I consider the Virtusa team an integral part of global engineering," said Leo Brunnick, senior vice president of Engineering and IT at Vignette. "The synergy between engineering and professional services is very powerful at the Vignette Center of Excellence."

"This partnership will provide our teams a great opportunity to work closely with some of the world's best engineering talent," said John Gillis, executive vice president of Virtusa.

About Vignette

For more than 10 years, Vignette has helped organizations worldwide transform their content from a liability to an asset. Vignette's family of Enterprise Content Management (ECM) solutions lets these organizations leverage their records, documents, Web pages, images, multimedia and other unstructured content to create new opportunities, expand profits, and realize greater savings and efficiencies. Vignette (NASDAQ: VIGN) is headquartered in Austin, Texas with local operations worldwide. Visit www.vignette.com to see how the world's best known organizations have worked with Vignette to increase their productivity, reduce their costs, manage their risk and improve their interactions with key constituents.

About Virtusa

Virtusa is a global provider of software development and IT services to Fortune 1000 enterprises and leading software product vendors in the financial services, communications, retail, and high technology industries. Virtusa helps its clients improve their business agility and IT efficiency by building, integrating, testing, and supporting software platforms tailored exclusively to meet the client's needs. Founded in 1996 and headquartered in Massachusetts, Virtusa has offices and technology centers throughout the US, UK and Asia. For more information, visit: www.virtusa.com

FORWARD-LOOKING STATEMENTS

The statements contained in this press release that are not purely historical are forward-looking statements including statements regarding the Company's expectations, beliefs, hopes, intentions or strategies regarding the future. Forward-looking statements include statements regarding Vignette's products, future sales, market growth and competition. All forward-looking statements included in this press release are based upon information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward-looking statement. Actual results could differ materially from the Company's current expectations. Factors that could cause or contribute to such differences include, but are not limited to, Future Losses, Limited Operating History, Fluctuation of Quarterly Revenues and Operating Results, Acquisition Integration, Competition, Dependence on a Small Number of Large Orders, Lengthy Sales Cycle and Product Implementation, Market Awareness of Our Product, Rapid Changes in Technology and New Products, and other factors and risks discussed in the Company's reports filed from time to time with the Securities and Exchange Commission.

Vignette, the V Logo, e:fficiency, and e:fficiency experts are trademarks or registered trademarks of Vignette Corp. in the United States and other countries.

All other names are the trademarks or registered trademarks of their respective companies.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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