Demonstrates Wipro’s capabilities in managing IT linked to Business impact
Bangalore, India - February 11, 2010:
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), has been awarded the coveted NASSCOM IT Innovation Award in the Process Innovation category for the year 2009 at the NASSCOM India Leadership Forum 2010 held in Mumbai. Wipro has received this award for its innovative application services model – Cigma (Centre for Integrated Global Management of Applications).
The NASSCOM Innovation Awards are the premier platform for Indian companies to showcase their innovation and to encourage innovative practices across the IT-ITES industry. The award recognizes innovation in a company's business processes, models, inputs, go-to-market strategies, delivery models to realize significant business value.
Cigma is Wipro's next generation service management platform which enables the integration of BPO, IT and Device Management Services. Cigma enables customers to manage IT outsourcing engagements through business linked KPI’s rather than traditional IT SLA’s. CIGMA integrates cutting edge technology and process elements to deliver stability of the client’s business platform at a lower cost.
Mr.N.S.Bala, Senior Vice President, Manufacturing Business Unit of Wipro which incubated Cigma said, “Cigma has contributed significantly in enhancing the depth of engagement with our customers as well as positioning us higher in the value chain. What is really exciting for our customers is that Cigma enables an integrated business process view of multiple services, thereby enabling better business outcomes".
Congratulating Wipro, Ameet Nivsarkar, Vice President, NASSCOM, said, “Innovation will be the biggest driver and differentiator in the coming years. The Indian IT-BPO industry has maintained an edge by constantly innovating, and not only new solutions but also new processes and business models. Wipro’s is the perfect example where technology has contributed significantly to streamline an internal process that will provide tremendous value to clients. This is the sixth year of these awards, and we hope that Wipro will benefit from the exposure it gains by being a recipient of this award”
NASSCOM® is the premier trade body and the chamber of commerce of the IT-BPO industries in India. NASSCOM is a global trade body with more than 1200 members, which include both Indian and multinational companies that have a presence in India. NASSCOM's member and associate member companies are broadly in the business of software development, software services, software products, consulting services, BPO services, e-commerce & web services, engineering services offshoring and animation and gaming. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs over 2.24 million professionals.
NASSCOM was set up in 1988, at Mumbai to facilitate business and trade in software and services and to encourage advancement of research in software technology. It is a not-for-profit organization, registered under the Indian Societies Act, 1860. Currently, NASSCOM is headquartered in New Delhi, India with regional offices in the cities of Mumbai, Chennai, Hyderabad, Bangalore, Kolkata and Pune.
In India and around the world, NASSCOM members are active participants in the new global economy and are reputed for their innovative business practices, social initiatives and thrust for foraying into new emerging opportunity areas.
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.