Toronto, Ontario - February 16, 2011:
Wipro Technologies, the Global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT), today announced the inauguration of a new office in Mississauga, Ontario, as part of an expansion plan for its Canadian operations. This office will serve as Wipro's Canadian headquarters as the company plans to intensify its focus on Canada, as one of the strategic geographies supporting Wipro's growth.
Wipro has been supporting customers in the Canadian marketplace since 1996. Expanding its presence through this new office in Mississauga, Ontario, will enhance Wipro’s presence and bring the company closer to its customers. Wipro’s intimate knowledge of the Canadian landscape combined with its global experience and insights will help it create and implement innovative solutions that help clients transform and achieve high performance.
"The opening of our office in Mississauga, Ontario not only extends our local presence in Canada, but also demonstrates our commitment to our customers and partners in the region. This move also strongly reflects the strategic importance of the Canadian market in Wipro’s growth strategy," stated Chris Lord, Vice President and Country Head, Canada for Wipro Technologies. "Through more local offices and a strengthened local Canadian leadership team, we will be able to provide additional support and scale to our existing customers with even faster deployment times for resources at client sites."
"We are thrilled to have Wipro set up Canadian headquarters in Mississauga," said Mayor McCallion. "Wipro's strong global presence and level of commitment to the Canadian market make it a privilege to welcome them into our leading business community in Mississauga."
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 strong 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 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.