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Virtusa's business model has been validated by customers,
leading market analysts and investors alike. In May
2000 the company raised its first round of venture capital
amounting to $13.5 mn from top tier VC, Sigma Partners.
In April 2001 the company was successful in securing
its second round of venture capital to the tune of $22
mn from top tier VCís, Charles River Ventures
and JAFCO Ventures.
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'Today's investors are increasingly selective
about where they put their money. Backing by partners
of such high stature is the ultimate validation of our
business model. This capital will help us scale our
organization and continue to bring to our clients the
world's best talent in emerging technologies and get
them to market ahead of their competition with an innovative
product or service.'
Kris Canekeratne
Chairman & CEO, Virtusa Corp.
Daily Mirror (Colombo)
April 2, 2001
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 '(Virtusa)
has the people, process and emerging technology
expertise to be the leader in global distributed
innovation. They have focused on the fundamentals
of profitability and customer service and
have demonstrated that their unique business model
works.' |
| JAFCO Ventures |
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 '(Virtusa)
has assembled an exceptional global pool of
technology innovators and a seasoned management
team that make it an emerging software development
powerhouse. They've demonstrated that they
can execute flawlessly and have a long list
of satisfied clients to prove it.' |
| Charles
River Ventures |
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