Bangalore, India - May 18, 2011:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), today reaffirmed its leadership position as the Number One third party 'Global R&D Service Provider' in a 2011 report released by Zinnov Management Consulting Pvt. Ltd, a leading Globalization Advisory and Management Consulting firm. Wipro Technologies' constant innovation curve, strong business model, superior engineering and steady growth has contributed to the company becoming the world's top third party R&D service provider for the second consecutive time.
Innovative solutions like Wipro's Collaborative Design, Manufacturing & Sustenance (CDMS) program that enables system companies meet 'concept-to-product' service needs, managed printing services, remote patient monitoring solution and connected TV solution, has won Wipro this acclaim. Zinnov has rated Wipro as a leader in third party R&D Services in Semiconductor, Peripherals & Storage and Cloud Computing. Wipro was also positioned in the leadership zone of 'Zinnov Zones' for R&D Services in the ISV (Independent software vendor), Telecom, Communication Stack & Automotive segments.
Zinnov analyzed third party R&D service providers using the analytic hierarchy process (AHP) modeler which assigned weights to multiple parameters like financial strength - the long term sustainability of the services provider, and capabilities - the ability of the service provider to help customers innovate, reduce time to market and deliver high quality products.
"This year, Wipro Technologies has outperformed itself as a third party R&D services provider. Wipro is an ace partner for product companies to collaborate and co-innovate with, as it can help them build innovative products for new markets and improve customer experience. We congratulate Wipro on this outstanding performance and retaining its leadership position in the third party Global R&D Service Providers ranking," said Pari Natarajan, Chief Executive Officer, Zinnov Management Consulting Pvt. Ltd.
"Wipro is delighted at being ranked the No. 1 third party Global R&D Services Provider by Zinnov. It is a testimony to our customers who have entrusted Wipro with their mission critical work and to the Wipro teams which have stepped to the plate to take Wipro to this position of leadership. We are committed to investing in enhancing our investments in our employees and knowledge of domains, systems, and architecture to earn the continuing franchise of our customers and being the best place to work for our employees," said Sanjay Gupta, Senior Vice President and Global Head, Product Engineering Services, Wipro Technologies.
"The highest ranking is a strong reinforcement of Wipro's position as the largest third party R&D services provider in the world. At Wipro, we understand every customer business needs are unique and utilize our deep domain proficiency to craft solutions to address their distinctive needs," said Ayan Mukerji, Senior Vice President & Head - Global Media & Telecom, Wipro Technologies.
Product Engineering Services is a differentiated service line for Wipro with over 30 years of experience targeted to achieving first-pass functional success in product development. Customers for engineering development and testing traditionally span across US, Europe and Japan with new focus markets emerging in APAC and South America.
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.