Bangalore, India and East Brunswick, New Jersey, USA - June 11, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT) announced today that the company is expanding its infrastructure as a service ("IaaS") capabilities to create a global utility computing platform, designed to meet the specific requirements of enterprise-class clients.
The platform draws on Wipro's global data center infrastructure and deep expertise managing mission-critical IT systems to deliver compute, storage, recovery, network, security and other services in an automated, consumption-based model. The IaaS portfolio is being marketed as Wipro iStructure™ services, and will be the foundation for offering a broad set of infrastructure, application and business process outsourcing solutions in an 'as-a-service' model.
"Last year we began offering multi-tenant, virtual server hosting to our existing clients as part of large, integrated infrastructure management engagements. Clients have quickly adopted the service, and today, 15% of the servers hosted in Wipro's data centers are delivered in an as-a-service model," stated Michael Wilczak, SVP – Strategy, Datacenter Services, Wipro Technologies. "Now, we are expanding the service portfolio, deploying the platform throughout the US, Europe and India, and marketing the solutions as discrete service offerings under the Wipro iStructure service line."
According to Forrester Research, Inc. April 2011 report, Sizing The Cloud, the global market for cloud computing will grow from $40.7 billion in 2011 to more than $241 billion in 2020. "During the past two years, the initial exploratory interest by enterprise customers in cloud serviceshas shifted toward more aggressive implementation plans," wrote Bill Martorelli, Forrester Research in the January 2012 report, Cloud Strategies Of The Leading Global IT Infrastructure Outsourcing Providers.
Wipro has a long pedigree in servicing large, global companies, and Wipro iStructure services have been designed to meet the availability, security, management, and compliance requirements demanded by the company's enterprise client base. The compute, network and storage architecture were designed to ensure redundancy and minimize potential service disruptions, and the platform is installed in secure, high density data centers. Standardized tooling and orchestration enable the integration of IaaS services with legacy infrastructure, and the web interface provides clients' IT administrator to provision and manage capacity for various departments, generate usage and performance reports, and charge back on a consumption basis.
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 over 131,000 employees and clients across 54 countries. For more information, please visit stg.wipro.com or contact us at firstname.lastname@example.org
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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.