Wipro Expands Presence in Germany
Cologne, Germany and Bangalore, India - June 12, 2013: Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced the expansion of its operations in Germany. Wipro plans to triple its employee strength in Germany over the next three years, by hiring over 1,000 professionals.
Wipro has been supporting customers in the German market for over ten years. Today, the company serves more than 30 customers in Germany, supported by over 500 employees. Wipro's customers in Germany include a global automotive company, an European utilities major and one of the largest telecom companies in the country, among others.
Wipro expects to see significant traction in the retail, automotive, telecom, healthcare, banking and energy and utilities sectors in Germany, in the years to come. To drive stronger incremental growth in the future, Wipro is looking to address the requirements of medium-sized enterprises in the region, in addition to its existing focus on large global enterprises.
Commenting on the company's growth plans, Rajat Mathur, Chief Sales and Operations Officer - Growth Markets, Wipro said, "We believe that Germany is one of our focus geographies that will play a significant role in driving our future growth and are delighted to substantially increase our investment in the region."
Wipro has a three-pronged strategy for Germany. "We are making investments in building strong domain knowledge in key growth verticals and are hiring local talent with strong delivery and program management capabilities. We continue to strengthen our new business hunting approach in order to build a strong and structured pipe-line of business opportunities for the next 3 - 5 years," he added.
In Germany, Wipro has IT development centers in Munich, Meerbusch, Nuremberg and sales offices in Frankfurt, Munich, Cologne and Meerbusch. Wipro has an on-shore datacenter capability in Meerbusch that offers a broad range of IT infrastructure management services to Wipro's European and global customers. Currently, the datacenter can support up to 15,000 mainframes MIPS and approximately 4,500 servers for our customers. In addition, it offers cloud centric and remote based infrastructure management services. In the short to medium-term, Wipro plans to expand this facility into a full-fledged near-shore services center for clients in Germany.
Wipro has partnered with the University of Munich for a technical talent development program wherein Wipro will provide internships to graduate students from the science/technical stream, at its facilities in India.
Industry estimates put Germany's IT market size in 2012 at approximately USD 80 billion. Large enterprises in the country are looking to increase their IT investments to address capacity constraints of information and communications technology, and revamp legacy systems and IT infrastructure. In addition, there is strong outsourcing demand from mid-size companies. This demand is driven not only by cost-efficiency requirements, but also by the need for high-quality services for enterprise applications that have a direct business impact.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro has over 140,000 employees and clients across 54 countries. For more information, please visit www.wipro.com.
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