Virtusa Announces Launch of Pegasystems BPM Practice

Business Wire, May 15, 2006

LONDON & WESTBOROUGH, Mass. -- Virtusa Corporation, a global provider of software development and IT services, announced at the Pegasystems User Conference and Expo 2006 the formation of a dedicated Pegaystems Business Process Management (BPM) practice. Creation of the Pega BPM practice formalises the relationship forged between Virtusa and Pegasystems (Nasdaq: PEGA), the global leader in unified business process and rules technology, in 2001 and leverages Virtusa's success in the rapidly expanding global market for integrated BPM and Business Rules (BRE) solutions.

The Pega BPM practice is staffed with a dedicated team of Pegasystems Certified consultants. The practice is based on the synergy between Pegasystems' industry-leading rules-based SmartBPM(TM) suite and Virtusa's unique Productization(R) methodology. Virtusa offers BPM solution design, development and testing, delivered via its Advanced Technology Centres in Asia to further drive the implementation of Pegasystems-based solutions worldwide on a 24/7 basis. All practice members receive exposure to the full development life cycle across all Pegasystems product lines, enabling carefully structured work across a variety of disciplines, technologies and domains.

Virtusa has been jointly developing Vertical Applications with the SmartBPM suite since 2003, with activity focused on rules-based software engineering, BPM Designer Studio, BPM Platform and test engineering. The partnership has already resulted in a successful track record of over 20 professional services engagements, highlighted by Virtusa's two Pegasystems Partner Excellence Awards.

Commenting on the Pega BPM practice, Tom Congoran, vice president of Business Development for Pegasystems, said: "Virtusa is a strategic partner for the Pegasystems engineering and professional services teams, and plays an important role across our products and implementations, and reducing time to market, improving quality, and cost of ownership."

John Gillis, EVP High Tech Business Unit, Virtusa, added: "Pegasystems has been one of our most strategic partnerships for over four years. Our expanding BPM Practice extends the partnership to a new and exciting phase where we will drive new initiatives designed to benefit Pegasystems, Virtusa and our mutual clients. We currently have the largest number of Pegasystems Certified Professionals and will continue to grow aggressively, enabling us to meet the increasing demand for BPM services and further accelerate time-to-market for solutions built on the Pegasystems suite of products."

About Pegasystems

Pegasystems Inc. (NASDAQ: PEGA) provides software to automate complex, changing business processes. Pegasystems, the leader in unified process and rules technology, gives business people and IT departments the ability to use best processes across the enterprise and outperform their competition.

Our new class of Business Process Management (BPM) technology makes enterprise systems easy to use and easy to change. By automating policy manuals, system specifications and lines of manual coding with dynamically responsive updates, Pegasystems powers the world's most sophisticated organizations to Build for Change(TM).

Pegasystems' award-winning, standards-based BPM suite is complemented with best-practice solution frameworks to help leaders in the financial services, insurance, healthcare, manufacturing and government markets drive growth and productivity.

Headquartered in Cambridge, MA, Pegasystems has regional offices in North America, Europe and the Pacific Rim. For more information, visit www.pega.com.

NOTE: Pegasystems and SmartBPM are registered trademarks or trademarks of Pegasystems Inc. Other product and company names may be trademarks of their respective owners.

About Virtusa

Virtusa is a global provider of software development and IT services to Fortune 1000 enterprises and leading enterprise software companies in the financial services, communications, and high technology industries. We are a new generation global IT services company that delivers much more than cost savings. Using our unique Productization(R) methodology, we Conceive, Transform and Optimize our clients' information systems to improve their business agility and efficiency. 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.