ATLANTA, GA USA and Bangalore, India - June 13, 2014:
First Data Corporation, the global leader in payment technology and services solutions and Wipro Ltd (NYSE: WIT), a leading information technology, consulting and outsourcing company, today announced a strategic relationship in which Wipro will provide development, implementation and testing services on First Data's VisionPLUS® and AccessPLUS suite of software solutions. This agreement is part of First Data's new developer license initiative, providing improved support to clients around the globe.
VisionPLUS is a payment processing solution for financial institutions that enables the issuance and processing of credit, debit, commercial and prepaid cards, as well as consumer loans, loyalty and merchant accounts on a single platform. AccessPLUS, offered with VisionPLUS, is a suite of business process management solutions that drives operational staff efficiency in servicing customers and supports portfolio parameter management.
Wipro joins the international ecosystem that enables First Data to bring application support services and innovation to clients using the VisionPLUS and AccessPLUS licensed software solutions. First Data's developer license program further contributes to keeping the two suites of products flexible and up-to-date with new market trends and technology.
"We are pleased to have Wipro join our developer license network," said Paolo Temporiti, general manager, VisionPLUS. "Our clients will benefit from the increased scale, extended capability and richness of Wipro's global model and superior position in serving global financial institutions."
Under the agreement, Wipro will be a systems implementation provider, offering installation, implementation, BAU support, development and testing services to the VisionPLUS and AccessPLUS solutions.
"New disruptors regularly emerge in the payments industry, posing challenges to financial institutions and retailers," said Balasubramanian Ganesh, chief executive of Wipro's products and solutions group. "This strategic relationship provides enhanced capability to First Data clients in meeting these challenges."
Those interested in joining the First Data Developer License program should contact Eva Hughes, vice president of product management – Vision Payment Solutions, at eva.hughes@firstdata.com
About First Data
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive client revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction. More information about the company is available on FirstData.com as well as on Twitter, LinkedIn, Facebook and YouTube.
About Wipro Ltd.
Wipro Ltd. (NYSE: WIT) is a leading information technology, consulting and outsourcing company that delivers solutions to enable its clients do business better. Wipro 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 has a workforce of 140,000 serving clients across 61 countries. For more information, please visit www.wipro.com.
Media Contacts
Cindi Kurczewski, First Data
+1-404-890-2428
cynthia.kurczewski@firstdata.com
Purnima Burman, Wipro
+91 80 39918018
purnima.burman@wipro.com
Wipro Ltd. Forward-looking and Cautionary Statements
Certain statements in this release concerning Wipro Ltd.'s 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.
