Early mover advantage to help Wipro extend leadership on Oracle application stack
Bangalore, India - September 24, 2010:
Wipro Technologies the global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT), and Oracle (NYSE: ORCL) today announced the launch of joint development initiative on next generation Oracle Fusion Applications.
Wipro is one of the select partners handpicked by Oracle Product Development to be involved in this joint development program. Wipro has made significant investments around Oracle Fusion Applications which include
The investments go a long way in extending Wipro’s leadership on the Oracle Applications stack. It uniquely positions Wipro to engage and deliver successful Oracle Fusion Applications implementations, be it standalone, upgrade, or co-existence with Oracle Applications Unlimited solutions.
This solution will benefit customers on diverse set of applications portfolio, including Oracle Applications Unlimited products (e.g. Oracle E-Business Suite, Oracle PeopleSoft, and Oracle CRM), with an automated data migration and synchronization with Oracle Fusion Applications and hence be able to execute end to end business processes with embedded Industry best practices.
“Wipro, as a co-development SI partner has demonstrated the highest levels of functional application domain and technological architecture expertise and has gained the deepest embedded exposure to Oracle Fusion Applications prior to its release” said Steve Miranda, Designation Oracle Corp, “Wipro is uniquely positioned to participate in Oracle Fusion Applications early adoption client engagements, including delivering co-existence and upgradeable service offerings, and best practices implementations.”
“Wipro has been at the forefront of technology innovation and has made significant investments in Oracle Fusion Applications that help customers reduce adoption effort, lower costs and speed-up time to market.” said Arup Ratan Chakraborti, Global Head Oracle alliance, WIPRO “I am pleased with how Oracle Fusion Applications are shaping up and are sure to offer considerable value to clients”
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 management, and datacenter managed 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 strong 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.
For more information, please visit our website at www.wipro.com
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Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects 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 fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain 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, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and 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. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.