Bangalore, India and East Brunswick, New Jersey, USA - March 21, 2013:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Ltd. (NYSE:WIT) today announced, that it was named a "Leader" by Verdantix, a leading analyst firm in providing advice to clients in the field of energy, environment and sustainability challenges, in its report "Green Quadrant® Sustainable Technology Services (Global), March 2013".
Verdantix evaluated 16 of the leading sustainable technology service providers globally, based on interviews with 15 buyers representing firms with revenues of $183 billion, supplier responses to a 53 point questionnaire and detailed supplier interviews. The report says that Wipro’s entry into the Leaders Quadrant for the first time shows that its investments have paid off. The most popular sustainability projects today are energy reduction, environmental management and sustainability performance reporting, but leading firms now look towards enterprise-wide transformational initiatives that will increase revenue and improve their brand and reputation.
"We recognize that sustainability and EH&S (Environment Health and Safety) are key focus areas for enterprises in the Energy and Mining industries and we have significant capabilities to address them. Our HSSE (Health, Safety, Sustainability and Environment) frameworks focus on next generation safety and sustainability competences and hence being recognized by Verdantix as a leader in the Green Quadrant for Sustainable Technology Service Providers is extremely exciting", said Anand Padmanabhan, SVP and Global Head of Wipro - Energy, Natural Resources and Utilities, Wipro Technologies.
"We are very pleased to be recognized by Verdantix as a leader in Sustainable Technology Services", said G K Prasanna, SVP and Head of Wipro EcoEnergy. "We believe this recognition is a testament to our proven ability to help clients reduce energy costs and sustain them over a period of time. Our innovative approach of Analytics and Business correlation based logic helps us provide comprehensive energy management services. Wipro will continue to invest in the areas of technology and energy data management to bring in necessary standardization and benchmarking across industries."
The report says that:
- Wipro is notable for its work with utilities, retailers and in EH&S.
- Wipro has a broad portfolio in its EcoEnergy business with a best-in-class offering in real estate and manufacturing energy systems, and offers a comprehensive suite of renewable energy services focusing on implementation of Solar PV systems.
- It has built a large customer following, especially amongst retail & consumer packaged goods (CPG) clients. It offers attractive commercial terms, for example it will offer to invoice them only after the customers achieve energy bill savings, as part of its customer reward commercial models.
- Wipro has built a strong practice in smart meters in Australia, Europe and the US. It also works on smart grid projects for large utilities in the US and the UK.
- Wipro has considerable experience in advising clients on sustainability performance management and EH&S management in the oil and gas, and mining industries. It has been involved in large and strategic EH&S programs for oil & gas firms across US and Europe and companies in the Middle-East and Australia.
Wipro offers a comprehensive suite of energy management solutions to clients and helps them reduce their energy footprint, recover higher energy efficiencies from energy deployment and replace conventional with renewable energy sources. It helps the largest utilities coordinate the management of their smart meters and also advises clients on sustainability performance management and EH&S management in the oil and gas and mining industries
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 140,000 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.