Bahrain - KSA, - December 4, 2012:
Wipro Arabia Ltd. (WAL), a joint venture between Wipro Limited and Dar Al Riyadh, today announced that it has been assessed at the highest maturity Level 5 of the Capability Maturity Model® Integration for CMMI® - DEV (Development) V 1.3 rating. WAL has been assessed by KPMG as per SCAMPI A (Standard CMMI Appraisal Method for Process Improvement) methodology, a rigorous assessment framework. This is the highest maturity level any organization can obtain for CMMI.
This certification reiterates that the processes, mechanism, infrastructure in WAL are in line with the CMMI framework, thereby delivering greater value to the customer. It also highlights the capability of the organization to demonstrate its ability to handle projects in a matured way, predict outcomes in advance and take corrective actions. This re-enforces Wipro's best-in-class processes related to design, development and maintenance of software. WAL is the first organization Unit in Wipro to be assessed in CMMI Development V1.3.
Wipro Arabia Ltd. was first assessed in 2009 for CMMI Development V 1.2 Maturity level 3 and is now assessed for CMMI Development V 1.3 Maturity level 5. Wipro engaged KPMG in April 2011 for periodic validation of level of preparedness.
Thomas George, General Manager & Business Development Head, KSA and Bahrain, Wipro Arabia Ltd. said, "We are happy to have received this recognition. It reinforces our capability in project management which enables us to deliver the best software solutions and services to our customers."
Wipro Arabia Limited (WAL) is a joint venture between Wipro Limited and Dar Al Riyadh, one of the Kingdoms most respected and admired organization. Over the years, Wipro along with Dar Al Riyadh has made significant inroads with seamless service delivery to set up a strong client base in the region along with footprints in UAE & Bahrain.
About Wipro Infotech
Wipro Infotech, a division of the US $7 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Software Services, Solutions and Consulting Services in India and the Middle East. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It also has regional offices across the Middle East serving the region.
About Wipro Ltd.
Wipro Limited provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company 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. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs 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.