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APIIT promises 100 top IT graduates to Virtusa annually 

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Chairman APIIT Bandula Egodage and Sampath Thrimavithana, Senior Director, Virtusa at the MOU signing ceremony

One of the top global education entities in Sri Lanka, The Asia Pacific Institute of Information Technology (APIIT) signed an MOU with the top global IT company Virtusa, the leader in Sri Lanka which supports companies driving digital transformation innovation globally.

The MOU encompasses training and development, partnering the entity for faculty visits, priority picking of talent, soft skill training and advising on new curriculum development.

“One of the key promises agreed was that APIIT develops and provides 100 top quality IT graduates for Virtusa to interview and select, based on the different requirements of the organization”, said Chairman APIIT Bandula Egodage.

“By servicing the private sector we will be serving the country so that the IT/BPO industry can bring in a five billion dollars to Sri Lanka in the near future. We are currently are at just a billion dollars in export revenue”, he added.

One of the key features of the MOU was the launch of the ‘Digital Discovery Program’ a signature programme of Virtusa aimed at enriching practical skills and imparting an industry-relevant course curriculum to the IT students of APIIT, especially the software engineering students as APPIT is known for its top quality IT students with strong soft skills spanning a 22 year heritage under the Staffordshire University, UK.

 The MOU provides for Virtusa’s representatives to work with APIIT’s students and provide them exposure to the current industrial needs and requirements. The end game is that top 100 graduates can be developed to the top private sector organisations. Some can be even seconded to overseas entities provided they are qualified at a higher level like a Master’s programme for which APIIT has built a name in the market,

 The signature brand ‘Digital Discover Program’ consists of many industrial sessions enriched with core and emerging technical skills together with project management and professional skills. It will run on a twelve week module side by side to the academic studies that APIIT students will do in the Computer School. These skills will bring an advantage where undergraduates can become industry-ready while also enhancing the probability of employment.

Speaking at the event, Director of APIIT Dr. Rohantha Athukorala said that the role of educational institutes is to produce talent that will help solve the problems that the private sector is up against. “We will train students with the support of organizations like Virtusa so that we can provide 100 top IT graduates to organisations initially and then we will scale up. This in turn will ensure that an organisation like Virtusa meets the promise that cater to requirements thousands of miles away. In today’s work many companies are driving digitalisation where the backend can be done efficiently and with hundred percent accuracy in countries like Sri Lanka and India while the front end is in Europe, US and Australia. We are committed to play this role”, he said.

Head of HR – Sri Lanka for Virtusa, Sampath Thrimavithana said that “As one of the largest employers of graduates in the country we continuously look for means to improve the employability of undergraduates. This alliance is a great step forward in reinforcing Sri Lanka’s future by building on one of the most valuable skills any student could pursue. With unique insights into industry requirements and a curriculum that is custom-made to ensure success, this union will help address the required skills while uplifting our youth to meet international standards”.

Representing Virtusa at the signing of the MOU were Head of HR – Sri Lanka for Virtusa Sampath Thrimavithana, Senior Director – Delivery Asanka Gurusinghe, Director – Technology Mahesh Nithokumar, Head of Campus – HR Suweda Rajaratnam, HR Executive Aniston Leo, and HR Associate Executive Agassi Johnson.



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Rootcode wins Startup of the Year and People’s Choice Award at SAARC Startup Awards 2022

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Rootcode, one of Sri Lanka’s leading tech companies, recently took home the “People’s Choice Award” in addition to being bestowed with the “Startup of the Year” title at the SAARC Startup Awards 2022. This regional recognition marks a significant milestone for the Sri Lankan tech space and workforce. Rootcode’s mission to build great tech is well underway, and it is gaining traction faster than ever.

This is the first time a Sri Lankan tech company has made a name for itself in the regional competition, and it is a watershed moment that has focused the global spotlight on Rootcode’s distinct approach to fostering innovation in Sri Lanka. This is also the first time that a Sri Lankan company was able to take home two awards of those presented at the SAARC Startup Awards.

Global Startup Awards SAARC celebrates the spirit of entrepreneurship and promotes bridging boundaries through innovation in its regions, which include Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, by recognizing them with its most prestigious awards program, attended by top-notch entrepreneurs, corporates, investors, and ecosystem builders from Nordic, Central Europe, SAARC, and ASEAN regions.

Every year, the SAARC Startup Awards bring together hundreds of South Asian startups, entrepreneurs, investors, co-working spaces, and accelerators to provide a platform to highlight trailblazers in the region’s startup world. Rootcode was chosen ahead of dozens of other regional tech startups in the competition.

Sri Lanka is a relative newcomer to the South Asian startup fraternity, and Rootcode’s ability to represent the country on the global stage not long after its inception is remarkable.

“We are extremely humbled and honored by the support shown to us at the SAARC Startup Awards 2022, and being recognized under two categories is a huge milestone for us,” said the CEO and Founder of Rootcode Labs, Alagan Mahalingam. “We have always been driven forward by excellence, collaboration, and integrity, which I believe is the reason why we have come so far and why Rootcode continues to grow every day.”

Rootcode is driven by its focus on helping businesses build great tech not just locally but globally, and its achievement at the SAARC awards stands as a testament to that. Despite the challenging times, this is a win for Sri Lanka.

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INSEE Cement felicitates Sri Lanka’s youngest Commonwealth medallist

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INSEE Cement awarded aspiring wrestler, Nethmi Ahimsa Fernando, who won a Bronze Medal for Sri Lanka at the recently concluded Commonwealth Games in Birmingham, LKR 1 million cash reward, to support her to pursue her passion. Suranga Kumara, her coach, also received LKR 250,000 cash reward, in appreciation of his contribution towards Nethmi’s recent achievements. INSEE Cement has also pledged to support Nethmi’s aspiration to represent Sri Lanka at the 2024 Olympic games, while also providing the entire cement requirement for the completion of her new house, which is presently under construction, in collaboration with the Manusath Derana initiative.

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Textile maker Teejay knits strong start to 2022-23

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Q1 revenue more than doubles to Rs 23.9 billion

Teejay Lanka PLC has made a positive start to 2022-23 posting Group revenue of Rs 23.9 billion for the three months ending 30th June 2022. The Group achieved nearly half its full-year revenue of 2021-22 in just the first quarter of the new financial year as a result of the low base of the previous financial year due to the impacts of COVID, the depreciation of the Rupee and the passing on of yarn price increases during the last quarter.

In a filing with the Colombo Stock Exchange (CSE), Sri Lanka’s largest textile manufacturer said it had also recorded significant growth in pre-tax and net profit at both Group and Company level in the quarter reviewed.According to interim financial statements, Group profit before tax for the three months grew by more than Rs 1 billion or 291% to Rs 1.5 billion, while Group net profit for the period was up 301% to Rs 1.2 billion.

At Company level, revenue improved by 108% in the quarter under review to Rs 12.9 billion, while profit before tax grew by 323% to Rs 1.5 billion, and net profit increased by 311% to Rs 1.3 billion.

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