Bangalore, India - November 18, 2008:
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) and Oracle today announced the launch of the innovative solutions lab (OZONE) at Wipro’s Electronic City Facility in Bangalore.
Services provided at OZONE will help joint Wipro and Oracle customers to define their IT roadmaps. The new lab will provide customers with the opportunity to test the adoption of Oracle® Application Integration Architecture (AIA), Oracle Fusion Middleware and Oracle’s industry applications. The lab can demonstrate end-to-end industry specific processes and solutions, which leverage the strength of Oracle’s diverse portfolio of existing as well as newer Oracle software, and showcase innovative joint solutions developed by Wipro. This facility will also be used to co-develop solutions across specific industry processes in human capital management, customer relationship management and supply chain management.
The solutions being currently developed in the lab include process integration packs (PIPs) built on the Oracle Application Integration Architecture for the Communications Industry which are being co-developed and jointly marketed by Oracle and Wipro.
“The Oracle solution lab underscores our joint commitment to delivering competitive business value to service providers worldwide, by helping them transform their businesses, launch next-generation services and offer superior customer experience“ said Judson Althoff, GVP Worldwide Alliances and Channels, Oracle.
Speaking on the occasion, Sangita Singh, Senior Vice President, Wipro Technologies said, “Wipro sees its investment in the Solutions Lab and efforts in building Industry solutions as an effort towards infusing co-innovation in the Oracle ecosystem. We are sure that such collaboration with Oracle will go a long way in helping our customers derive maximum potential from their current and planned IT investments.”
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance services to corporations globally.
In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.
Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
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Oracle (Nasdaq:ORCL) is the world's largest enterprise software company.
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Forward-looking and cautionary statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, , liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the companyÂ’s filings with the Securities and Exchange Commission and our reports to shareholders.Â Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
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