Bangalore, India - September 10, 2010:
Wipro Technologies, the global IT services division of Wipro Limited (NYSE:WIT), today announced that it has entered into a co-development initiative with Oracle to jointly develop a product lifecycle management solution for the Consumer Goods industry.
The new process integration pack (PIP) solution is being developed using Oracle® Application Integration Architecture (AIA), and intends to integrate Oracle’s Agile Product Life Cycle Management (PLM) for Process with Oracle Process Manufacturing and Oracle Product Hub. The integration will provide a streamlined and orchestrated product lifecycle management process for the Consumer Goods (CG) industry and help customers achieve a faster time to market with better visibility on compliance issues.
Wipro’s contribution will include CG domain expertise as well as development skills and accelerators to co-develop the solution with Oracle. This solution intends offer a business process-based integration that is easy to deploy, configure, operate, maintain and upgrade, thereby offering an optimal ‘total cost of ownership’ structure for customers.
“Working with Wipro to co-develop integrations with Agile PLM should equip our Consumer Goods customers with new efficiencies across the Product Value Chain, ,” said Bernard Goor, Vice President, Consumer Goods, Oracle. “Wipro’s brings a deep understanding of the CG industry and skills around Oracle Applications and Oracle AIA and we look forward to creating a solution that can help increase efficiencies in quality control, vendor selection and labeling compliance norms.”
"Wipro is excited to work with Oracle to develop this PIP to provide an Integrated Product Record from supplier to finished product. This will help remove the traditional gaps and silos that cause risks and delay during most product introductions. It will also help ensure that the entire business process is supported with the accurate and timely information which is critical to maintain traceability and achieve compliance", said Somjit Amrit, Vice President, Consumer Goods Industry Vertical Wipro Technologies. “We understand the complexities that CG companies face today as regulations and customers demand more of them. This solution will help enable CG companies to be more innovative and launch new products faster and with significantly lower risk.” Wipro is a Platinum Partner in the Oracle PartnerNetwork.
Oracle (NASDAQ: ORCL) is the world’s most complete, open and integrated business software and hardware systems company. For more information about Oracle, visit www.oracle.com.
Oracle and Java are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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 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.
For more information, please visit our website at www.wipro.com
Mangala Koti Singhal
+ 1 (732).216.6242
+44 792 020 5496
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.