Bangalore, India - June 14, 2011:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT) announced that its Integrated Governance, Risk & Compliance solution has won an award at the 6th Annual '2011 Hot Companies and Best Products Awards' organized by 'Network Products Guide', a leading technology research and advisory guide, in the Governance, Risk & Compliance category.
The global industry awards from 'Network Products Guide' honored achievements in multiple aspects of the global IT industry such as annual organizational performance, products and services, executives and management teams, successful deployments, product management and engineering, support and customer satisfaction, and public relations, at a ceremony held in Las Vegas.
Wipro's Integrated Governance, Risk and Compliance (iGRC) solution provides a holistic view of organizations' risk exposure by integrating governance, risk and compliance activities. iGRC solution leverages automation solutions to help the customers achieve compliance with multiple regulations, manage risk across their organization and ensure that IT and security initiatives meet strategic business objectives. The service delivery is optimized by using a combination of onsite-offshore model that is based on Wipro's proven ITRO (IT Risk Outsourcing) model.
"This esteemed industry and peer award recognition of Wipro's iGRC by Network Products Guide is great honor in the IT industry", said Prasenjit Saha, Vice President and Global Head, Enterprise Security Solutions, Wipro Technologies. "We are focused on providing proactive solutions to mitigate and manage risks and security threats leveraging our deep industry expertise and technology leadership. This award further validates our position as a company poised to successfully manage the complex risk and compliance issues faced by global organizations today."
A jury panel of esteemed security experts from various industries decided the winning entries. The winners were judged using special online collaboration tools which allowed the jury to review and rate the nominations.
Wipro's Enterprise Security Solutions (ESS) practice delivers integrated end-to-end security & compliance solutions globally across a multitude of industry verticals. Wipro ESS addresses key challenges enterprises face with improving the agility of information security & compliance programs to cope up with dynamic business and IT risks. Leveraging a large pool of experienced security professionals and a Global Delivery Model, Wipro ESS assists customers in defining their security & compliance needs, best practice recommendations, technology evaluations, implementations and delivering managed & hosted security services.
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" – helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries. For more information, please visit 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 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.