Bangalore, India - October 29, 2010:
Wipro Technologies the global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT), today announced that it has entered into a 5 year strategic partnership with Electricity North West Limited to deliver end to end service transition and transformational services to maintain their IT systems through a managed service framework. This collaboration will achieve the critical task of separation of IT operations from Electricity North West’s current service arrangement. Electricity North West owns operates and maintains the electricity distribution network throughout the North West of England.
Wipro will set-up new data Centres and configure virtualized and high availability infrastructure, migrate and upgrade, where necessary, all applications supporting the Electricity North West business. Wipro will also leverage its global remote infrastructure management to provide a fully managed IT Services based on the ITIL v3 Service Integration model.
Andy Funnell, CIO, Electricity North West said “We believe Wipro’s demonstration of a strong industry competency, a mature global delivery model, alignment with our near-term and long-term objectives and a compelling value proposition made Wipro the supplier of our choice to enable IT separation and support our business strategy over a 5 year horizon.”
Anand Padmanabhan, Senior VP and Head – Energy & Utilities, Wipro Technologies said “We are privileged to partner with Electricity North West on their strategic journey of IT separation. This opportunity extends our footprint in the UK Energy and Utilities industry and positions us as a partner of choice on engagements involving Transformation and end-to-end Managed Services. This deal underscores Wipro’s leadership position in the Energy and Utilities space in the UK market.
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
+ 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.