Bangalore, India - October 18, 2010:
Wipro is the only India based service provider to be featured in the report
Wipro Technologies, the Global Consulting, System Integration and Outsourcing Business of Wipro Limited (NYSE:WIT), announced that it has been recognized by Forrester Research, Inc., an independent research firm, as a strong performer in Managed Security Service(MSS) providers in a recently released report titled ‘The Forrester Wave™: Managed Security Services, Q3 2010’.
Forrester evaluated eleven global vendors providing MSS across 78 criteria. The report states, “Wipro’s extensive offshore capabilities enable it to offer a technically competent list of MSS capabilities at a competitive price point.”
Elaborating on the strategy of Wipro's Enterprise Security Solutions practice, Prasenjit Saha, Vice President and Global Head, Enterprise Security Solutions at Wipro Technologies, said, " Managing security operations require not only in-depth functional and technical expertise but also a robust process that delivers continuous improvements. We believe this recognition from Forrester highlights our focus on creating greater value for customers beyond the obvious cost advantages from Wipro’s global delivery model. Our center-of-excellence led programs help us draw on global best-practices to deliver higher levels of efficiencies to customers through our integrated security operations centers.”
According to the report, “with managed security services, the chief information security officer (CISO) and other senior security leaders aspire to: reduce capital expenditure, fill important security gaps, get more value out of their money [and] keep up with changing regulations and laws.” And they turn to MSS providers for their expertise.
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 http://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.