Sydney, Australia and Bangalore, India - November 14, 2014:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced that it has jointly won the "Best ITO Sourcing Relationship" Award, along with Origin Energy, at the 2014 ISG Paragon Awards for Australia & New Zealand. The Paragon Awards were established by ISG, a leading global advisory firm, to celebrate and promote relationships within the sourcing community that have demonstrated high-performance leadership and best practices in the sourcing and service management fields.
The Origin - Wipro relationship started in December 2008 with a program to transform Origin Energy's retail business through the implementation of the SAP® for Utilities solution portfolio and SAP® Customer Relationship Management application. The program won the SAP Customer Award of Excellence for "Best ERP Implementation" in Australia and New Zealand in 2011.
When Origin Energy acquired the retail business of Endeavour Energy and Essential Energy, its end customers increased from 2.9 million to 4.3 million. Wipro assisted Origin to migrate all the new customers to the SAP system successfully in October 2013, one year ahead of the original schedule, with an accuracy of 99.9% of the migrated data.
Acknowledging the award, Olaf Pietschner, General Manager for Business Transformation and Technology at Origin Energy, said, "'Wipro has been a key technology partner to Origin for a number of years and has assisted us with a range of SAP projects and application support. I'm delighted that our joint teams in India and Australia have been recognised for the great work they have done together."
The independent judge for the Paragon Awards was Fiona Balfour, the former CIO of Qantas and Telstra. While announcing the award, she said, "The meter data program has resulted in one of the largest SAP implementations in the region. In terms of the sheer scale of this program, and the business benefits it delivered, this program is right 'up there'."
Anand Padmanabhan, President and Chief Executive of Energy, Natural Resources and Utilities SBU, Wipro Ltd. said, "Over the past few years, Origin Energy has transformed itself into the market leadership position with 4.3 Million customers. Our IT and domain consultants were able to understand Origin's business and its customers' needs, which helped in successfully delivering transformation programs to support Origin's significant growth. I am happy that the partnership has matured to a level it has been winning industry awards like the Paragon Award. Look forward to many more!"
According to Sid Pai, Partner and President of ISG Asia Pacific, "The Paragon Awards have grown to become the most prestigious industry award for the IT sector in Australia and New Zealand. This year, we experienced a 70% increase in the number of nominations over last year, and it was a hot contest among the nominees."
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services 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 over 140,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com
About Origin Energy
Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&P/ASX 20 Index, the company has more than 6,000 employees and is a leading producer of gas in eastern Australia. Origin is Australia's largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has one of the country's largest and most flexible generation portfolios with approximately 6,010 MW of capacity, through either owned generation or contracted rights. For more information, please visit www.Originenergy.com.au
Media Contacts:
Vipin Nair
+91 80 39916260
vipin.nair1@wipro.com
Subhashini Pattabhiraman
+91 9819773385
subhashini.pattabhiraman@wipro.com
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.
