Bangalore, India - February 11, 2011:
Wipro Technologies the Global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT), today announced that it has successfully completed the implementation of an Enterprise Work and Asset Management(EWAM) platform for NV Energy, a US based energy company. This project was rolled out across NV Energy’s north and south Nevada operations covering both electricity and gas distribution businesses and Phase 1 has been completed. NV Energy is a vertically integrated utility serving 1.2 million electric customers and 145,000 gas customers in Nevada and supporting a floating population of 40 million annually.
This implementation will achieve NV Energy's strategic objectives of standardizing systems and processes across north and south Nevada operations while reducing operating costs, achieving efficiencies in managing capital and O&M work and assets. This large implementation benefits close to 800 NV Energy employees (expanding to 1500 in future phases), and was delivered from multiple geographies. This platform has helped NV Energy consolidate processes across north and south operations replace outdated systems and achieve scalability to support future growth in the distribution business.
Craig Pinneo, Project Director, Enterprise Work and Asset Management, NV Energy said, "Wipro's ability to manage large business transformation programs, its domain competency, a mature global delivery model and close alignment with our teams and strategic goals helped us in achieving this significant and complex implementation."
Anand Padmanabhan, Senior Vice President and Global Head – Energy and Utilities, Wipro Technologies said, "We are privileged to partner with NV Energy on their strategic journey of establishing and rolling out an Enterprise wide Work and Asset Management program. This opportunity extends our footprint in the US utilities industry and positions us as a partner of choice on engagements involving transformation and end-to-end services."
About Wipro Technologies
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
About N V Energy
Headquartered in Las Vegas, NV Energy, Inc. is a holding company with principal subsidiaries Nevada Power Company and Sierra Pacific Power Company doing business as NV Energy. Serving a combined 44,424-square-mile service territory, NV Energy provides a wide range of energy services and products to approximately 2.4 million citizens of Nevada and nearly 40 million tourists annually.
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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.