Bangalore, India and Johannesburg, South Africa - August 2, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), today announced that it has become an SAP® services partner of SAP South Africa, a subsidiary of SAP AG (NYSE: SAP).
Wipro Technologies is a global SAP services partner and one of the first SAP partners to have achieved global certification in the implementation of the Run SAP methodology. As an SAP services partner in South Africa, Wipro will extend its in-depth industry knowledge and implementation skills related to SAP's comprehensive range of enterprise applications.
"The extension of our partnership with SAP in South Africa will enable our customers to draw from our global expertise and take advantage of SAP's best-in-class solutions," said Shailendra Singh, Business Director- South Africa, Wipro Technologies. "Wipro will work closely with SAP in the region - leveraging capabilities of both companies - to help customers do business better."
"As an SAP global services partner, Wipro has demonstrated its commitment to the SAP partnership, supporting SAP's vision of helping our customers run better on a global scale," said Desmond Nair, Director, Ecosystem and Channels, SAP Africa. "Extending that partnership to South Africa is a strategic move for both companies, which will serve to expand the reach of SAP solutions to customers in this fast-growth market."
SAP services partners help SAP customers design, implement and integrate SAP solutions; optimize business processes; and provide strategic business consultation. As an SAP services partner in South Africa, Wipro will focus on accelerating growth and innovation for businesses in South Africa. Through cooperation with SAP South Africa, Wipro will help customers define their IT roadmaps and improve business performance. It will also allow customers to take advantage of Wipro's extensive experience and state-of-the-art SAP solutions lab at the company's Electronic City Facility in Bangalore, India.
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 131,000 employees and clients across 54 countries. For more information, please visit stg.wipro.com.
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Wipro 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.
SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.