Bangalore, India - April 19, 2010:
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), today announced that its Identity Access Management (IDAM) Solution called IDAM-in-a-Rack has been honored with the Global Product Excellence Award 2010 in the ‘Identity Management Solution’ Category at an awards banquet held recently at the Palace Hotel in San Francisco, California.
The award instituted by Info Security Products Guide, world’s leading publication on security-related products and technologies, serve to recognize security and IT vendors with advanced, ground-breaking products and solutions that are helping set the bar higher in all areas of technologies.
This award comes as recognition to Wipro’s focus towards developing innovative solutions. ‘IDAM-in-a-Rack’ has been built by the Wipro Enterprise Security Solutions (ESS) team gleaned from Wipro’s experience in successful IDAM implementations for various global customers over the years. The solution’s architecture, market leadership, profitability and revenue growth were strong positives for the award.
"As cyber security threats continue to affect businesses worldwide, the protection of networks remains a critical requirement for any organization," says Sana Madan, Executive Editor of Info Security Products Guide. "We are pleased to recognize Wipro's IDAM-in-a-Rack as the winner in our 2010 Global Product Excellence in Identity Management Solution – Customer Trust Award."
Acknowledging the award Prasenjit Saha, Vice President & Global Head, Enterprise Security Solutions, Wipro Technologies said “Behind this distinguished success is our relentless drive to deliver transformation. We believe this recognition from Info Security Products Guide is a clear validation to the fact that our solutions and services are gaining greater acceptance from existing and new customers.”
‘IDAM–in-a-Rack’, an innovative solution that is developed on top of market’s leading Identity Management (IDM) products that help customer to reduce the pain and risk of IDM deployment with respect to accuracy, timelines and costs. This solution is a result of Wipro’s continuous effort to develop innovative productized solutions that enhance business value and time benefit for its clients. The solution comes bundled with all required hardware, software, pre-built IDM configurations along with set of innovative Wipro IDM Frameworks.
Wipro IDM frameworks focuses on application integration challenges that customers today are facing and help them integrate applications faster and quick data migration for rapid RoI realization up to 30%-40% faster. This solution provides more predictability in IDM Implementations, and also gives customer an attractive managed services option that minimizes impact on the cash flow and eliminates the risk of a failed Identity Management implementation.
For more information on Wipro’s Enterprise Security Solutions visit: www.wipro.com/Security
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 http://stg.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