Ease and Assurity Companion to Enhance Worker Advantages Expertise


Virtusa Company (NASDAQ GS: VRTU) right now introduced that its stockholders voted to undertake the beforehand introduced merger settlement (the Transaction), below which funds affiliated with Baring Personal Fairness Asia (BPEA) will purchase all excellent shares of widespread inventory of Virtusa for $51.35 per share in an all-cash transaction valued at roughly $2.0 billion.

On the particular assembly of Virtusa stockholders held on November 20, 2020, roughly 98.7% of the shares voted have been solid in favor of the Transaction, representing roughly 81.1% of Virtusas complete excellent shares of widespread inventory. Virtusa will file a Kind 8-Ok disclosing the total voting outcomes.

“On behalf of Virtusas Board of Administrators and government administration staff, I wish to thank our shareholders for his or her overwhelming help of the transaction with BPEA,” stated Kris Canekeratne, Chairman and CEO of Virtusa. Our partnership with BPEA will speed up our plans to be the main supplier of digital transformation for world 2000 firms, and we sit up for the shut of the transaction.

The Transaction, which is predicted to shut within the first half of 2021, is topic to customary regulatory necessities, together with approval from The Committee on Overseas Funding in america (CFIUS), and customary closing situations.

About Virtusa

Virtusa Company (NASDAQ GS: VRTU) is a world supplier of digital enterprise technique, digital engineering, and knowledge know-how (IT) companies and options that assist shoppers change, disrupt, and unlock new worth by way of innovation engineering. Virtusa serves World 2000 firms in Banking, Monetary Companies, Insurance coverage, Healthcare, Communications, Media, Leisure, Journey, Manufacturing, and Expertise industries.

Virtusa helps shoppers develop their enterprise with progressive services and products that create operational effectivity utilizing digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT functions infrastructure. That is achieved by way of a novel method mixing deep contextual experience, empowered agile groups, and measurably higher engineering to create holistic options that drive enterprise ahead at unparalleled velocity enabled by a tradition of cooperative disruption.

About BPEA

Baring Personal Fairness Asia (BPEA) is without doubt one of the largest and most established personal various funding companies in Asia, with belongings below administration of roughly US$20 billion. The agency runs a personal fairness funding program, sponsoring buyouts and offering progress capital to firms for growth or acquisitions with a specific deal with the Asia Pacific area, in addition to investing in firms globally that may profit from additional growth into the Asia Pacific area. BPEA additionally manages devoted funds centered on personal actual property and personal credit score. The agency has a 23-year historical past and over 190 workers situated throughout places of work in Hong Kong, China, India, Japan, Singapore, Australia, and the US. BPEA at present has over 40 portfolio firms lively throughout Asia with a complete of 224,000 workers and gross sales of roughly US$39 billion.

For extra data, please go to www.bpeasia.com

Ahead Trying Statements

This communication incorporates forward-looking statements inside the that means of the Personal Securities Litigation Reform Act of 1995. The Firm usually identifies forward-looking statements by terminology resembling could, will, ought to, expects, plans, anticipates, may, intends, goal, tasks, contemplates, believes, estimates, predicts, potential or proceed or the unfavourable of those phrases or different comparable phrases. These statements are solely predictions. The Firm has primarily based these forward-looking statements largely on its then-current expectations and projections about future occasions and monetary tendencies in addition to the beliefs and assumptions of administration. Ahead-looking statements are topic to various dangers and uncertainties, a lot of which contain elements or circumstances which are past the Companys management. The Companys precise outcomes may differ materially from these acknowledged or implied in forward-looking statements on account of various elements, together with however not restricted to: (i) dangers related to timing of the closing of the proposed merger transaction, together with the dangers {that a} situation to closing wouldn’t be happy inside the anticipated timeframe or in any respect or that the closing of the proposed merger transaction is not going to happen; (ii) the result of any authorized proceedings that could be instituted towards the events and others associated to the merger settlement; (iii) the prevalence of any occasion, change or different circumstance or situation that might give rise to the termination of the merger settlement; (iv) unanticipated difficulties or expenditures referring to the proposed merger transaction, the response of enterprise companions and rivals to the announcement of the proposed merger transaction, and/or potential difficulties in worker retention because of the announcement and pendency of the proposed merger transaction; and (v) these dangers detailed within the Companys most up-to-date Annual Report on Kind 10-Ok and subsequent reviews filed with the SEC, in addition to different paperwork that could be filed by the Firm every now and then with the SEC. Accordingly, you shouldn’t depend on forward-looking statements as predictions of future occasions. The Firm can not guarantee you that the occasions and circumstances mirrored within the forward-looking statements can be achieved or happen, and precise outcomes may differ materially from these projected within the forward-looking statements. The forward-looking statements made on this communication relate solely to occasions as of the date on which the statements are made. Besides as required by relevant regulation or regulation, the Firm undertakes no obligation to replace any forward-looking assertion to replicate occasions or circumstances after the date on which the assertion is made or to replicate the prevalence of unanticipated occasions.


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