Virtusa Files for $92 Million IPO

Virtusa Corp., a Westborough, Mass.-based provider of IT consulting, technology implementation and application outsourcing, has filed for a $92 million IPO. It plans to trade on the Nasdaq under ticker symbol VRTU, with JPMorgan serving as lead underwriter. Shareholders include Sigma Partners (24.6% pre-IPO position), Charles River Ventures (16.2%) and Globespan Capital Partners (15.6%).