Bangalore, India - August 3, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), announced that it has been ranked as the top 'Global R&D Service Provider', for the third successive year by Zinnov Management Consulting Pvt. Ltd.
Zinnov is a leading Globalization and Market Expansion Advisory firm that helps companies globalize their R&D/ Product Engineering activities. Zinnov's Global Service Providers Rating has comprehensively analysed the top 75 R&D service providers across the world in 10 major industry verticals. Service Providers were evaluated based on their capabilities and vertical coverage. The analysis includes user experience (UX), systems software, embedded, and mechanical engineering services.
"We congratulate Wipro on this outstanding performance, retaining its leadership position in the Global R&D Service Providers ranking. Wipro's product engineering legacy, strong ecosystem connects, end-to-end design architecture expertise, and ability to decipher end user requirements best defines its 'edge' over others. Wipro has evolved into a partner of choice for product companies looking at building contemporary and next generation products for new markets," said Pari Natarajan, Chief Executive Officer, Zinnov Management Consulting Pvt. Ltd.
"We are excited to receive this accolade for the third consecutive year. The goodwill of our customers and commitment of the entire product engineering team has ensured this success. This is an exciting time for us as we launch a brand new portfolio of integrated systems and connected content solutions, specifically targeted to vertical markets, and also launch the next evolution of our delivery model. Our goal continues to be becoming a partner of choice for our customers and an employer of choice for engineers looking for a creative and challenging career in product development," said Sanjay Gupta, Senior Vice President and Global Head, Product Engineering and MobilitySolutions, Wipro Technologies.
Product Engineering and Mobility Solutions helps product companies envision, architect, design, and deliver complete devices and business solutions in the connected and mobile world. With over 30 years of experience, Wipro has the expertise required to help customers build products and solutions that they can get right the first time, with no trial and error. Wipro's customers in the Product Engineering domain span across the US, Europe and Japan, with new focus markets emerging in APAC and Middle East.
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 135,000 employees and clients across 54 countries. For more information, please visit 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.