Virtusa Corporation, a global information technology services
company with an offshore delivery model that provides IT consulting,
technology implementation and application outsourcing services,
announced today that it has filed a registration statement on Form S-1
with the U.S. Securities and Exchange Commission for a proposed
initial public offering of its common stock. J.P. Morgan Securities
Inc. will be sole book-running manager for the offering, with Bear,
Stearns & Co. Inc. as the lead manager, and Cowen and Company, LLC and
William Blair & Company, L.L.C. serving as co-managers. The number of
shares to be offered and the price range for the offering have not yet
been determined.
This offering shall be made only by means of a prospectus. When
available, copies of the preliminary prospectus related to this
offering may be obtained from the Prospectus Department of J.P. Morgan
Securities Inc. at National Statement Processing, Prospectus Library,
4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245 (telephone:
718-242-8002).
A registration statement relating to these securities has been
filed with the U.S. Securities and Exchange Commission, but has not
yet become effective. These securities may not be sold, nor may offers
to buy be accepted, prior to the time that the registration statement
becomes effective. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Virtusa Corporation
Virtusa is a global information technology (IT) services company
providing IT consulting, technology implementation and application
outsourcing services. Using its enhanced global delivery model,
innovative platforming approach and industry expertise, Virtusa
provides cost-effective services that enable its clients to use IT to
enhance business performance, accelerate time-to-market, increase
productivity and improve customer service.
Founded in 1996 and headquartered in Massachusetts, Virtusa has
offices in the United States and the United Kingdom, and global
delivery centers in India and Sri Lanka.
"Virtusa" is a trademark of Virtusa Corporation and a registered
trademark in the EU and in India.