Center to service global and domestic clients
Curitiba, Brazil- March 24, 2010:
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), today announced the inauguration of its new global delivery center in Curitiba, Brazil. The center was inaugurated by the mayor of Curitiba, Mr. Beto Richa, and the Consul General of India in Brazil Mr. Jeitendra K. Tripathi.
Wipro has been operating in Brazil for four years now and the expansion in Curitiba is a part of Wipro’s strategy to diversify its footprint globally. The Curitiba Center will serve as the regional headquarters for other Wipro offices located in the region, i.e, São Paulo (Brazil) and Buenos Aires (Argentina). The center will serve global and domestic clients.
Curitiba will extend Wipro’s expansive IT and BPO portfolio and will serve nearly 20 clients. The center which started with 60 people currently employs around 350 people. Wipro plans on increasing this headcount based on further business demand.
After a rigorous assessment, Curitiba was chosen as a location for Wipro’s Latin America operation due to the available talent pool and the excellent infrastructure support that the city offers. The center, which has received positive feedback from existing clients and new customers, will stay committed to delivering world class solutions and creating new job opportunities in the local community.
“Wipro Technologies is bringing to Curitiba the ultimate technology and method in terms of IT Services and system’s management”, said the Mayor of Curitiba, Beto Richa. According to him, the city offers the best in life quality and infrastructure. “Wipro Technologies is an innovation company and a great employer brand, and its investments in Curitiba will bring even more knowledge to our city and state”, he commented.
Speaking at the inauguration, Fernando Estrázulas, director of Wipro Technologies for Latin America, said “We are delighted to inaugurate the Curitiba center which is one of Wipro’s global strategic centers. Brazil is an important market both in terms of domestic as well as international business and this center will ensure that our local and global customers continue to benefit from Wipro’s quality processes, innovative solutions and a global delivery model.
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
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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.