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Virtusa files for IPO

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CIOL Bureau
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HYDERABAD: Virtusa Corporation, a global information technology services company,  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. 

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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. 

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. 

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