Virtusa Corporation, Formerly eRUNWAY, Inc., Unveils New Global Corporate Identity.

Westborough, MA, April 22, 2002 - Kris Canekeratne, Chairman and CEO, Virtusa Corp., today unveiled the new corporate identity, in a formal launch ceremony telecast globally across its offices in the US, India and Sri Lanka. ìWe are changing our name to reflect an important transition in the companyís history,î said Mr. Canekeratne, while making the announcement at a press conference.

Virtusa Corporation, previously known as eRUNWAY, Inc., is a leading provider of global technology innovation services. Headquartered in Westborough, MA, Virtusa employs the finest technology talent in the US, India and Sri Lanka. Virtusa develops and deploys mission critical enterprise products and solutions for its Fortune 1000 customers and for leading software product developers.

Virtusa was founded in 1996 by the prominent technology entrepreneur, Kris Canekeratne, who has assembled a strong leadership team from companies like IBM, 3Com, Infosys, Aether and John Keells. Over the years, the company has gone beyond being an efficient provider of product development services to being the partner of choice in creating competitive advantage for its clients. Virtusaís client list includes industry leaders in the Fortune 1000 space like Fannie Mae and Shawís Supermarkets, and leading technology product companies like edocs and Vignette.

The company has a unique software execution model centered on product development best practices, global collaboration and delivery excellence through process maturity. The companyís core competence around commercial product development rigor permits successful delivery of dynamic project plans in an environment of frequently changing requirements. Product development imperatives are deeply embedded in Virtusaís process framework and institutionalized as best practices. These include modularity of design, component technology, re-usability, scalability, portability, extensibility, maintainability and supportability.

These systemic product development best-practices have provided enterprise customers with a singular advantage: the ability to build scalable and extendable technology solutions faster and with a much higher degree of precision. The on-going success with leading product developers and enterprise customers has resulted in Virtusa enjoying six years of sequential double and triple digit growth, a roster of impressive customer relationships and a cadre of high performance employees.

"The new company identity reflects the stability and strength the company has gained over the years, the
outstanding service to our valuable customers and the dedication and devotion of our talented employees. Virtusaís customers recognize it as an organization of excellence, capable of delivering best-in-class solutions through best-in-class people, processes and technology. We have engaged with preeminent companies and competitors and gained their admiration and respect. The new name represents both what the company is and what we aspire to be - a company that epitomizes engineering excellence," said Kris Canekeratne, Chairman and CEO of Virtusa Corporation.

Media Contact:
USA Heather Reid +1 508 389 7263 hreid@virtusa.com	India Rajasekhar G. +91 40 341 4288 rajg@virtusa.com	Sri Lanka Ajita Perera +94 1 385714 aperera@virtusa.com