Bangalore, India - September 15, 2014:
Wipro Arabia Ltd., a subsidiary of Wipro Ltd., (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced that it has entered into a strategic partnership with Saudi-based Saudi Electricity Company (SEC), the largest power utility company in the Middle East serving approximately 5 million customers in the Kingdom of Saudi Arabia (KSA).
As part of this engagement, Wipro will implement and rollout the plant maintenance and project system functionality of the SAP® ERP application for SEC’s distribution business line across KSA. Once implemented, it is expected to enable the power utility company to have an integrated system that offers centralized and standardized processes across its plants. This will help ensure uptime of distribution networks, expense controls and effective utilization of assets.
Wipro plans to implement the fully functional and integrated bilingual (Arabic/English) solution, which will allow SEC to methodically migrate existing data from current digitized and manually maintained systems to SAP ERP. The SAP ERP-based system is expected to go live in the next 10 months and is designed to enable SEC to serve customers better by increasing availability of assets due to increased uptime. In addition, the solution will help it bring all of Saudi Arabia onto a single and standardized platform that will help SEC to streamline day-to-day operations and increase operational and financial efficiencies. It will also provide the company with the necessary visibility and planning capabilities needed for year-round maintenance activities, helping to keep slippage in check on vital maintenance schedules.
Thomas George, General Manager and Head, Wipro Arabia Ltd., said, "We are partnering with SEC in this transformational initiative to enhance its effectiveness and competitiveness in the market by deploying the state-of-the-art SAP ERP solution and delivering efficient IT services. We are confident that our domain expertise combined with the enhanced talent pool will help us support SEC in its endeavour to provide best-in-class-service to its customers. We have traditionally had a strong position in the utilities space in the global market, and this will allow us to further strengthen our leadership in this space in KSA."
Eng. Mohammad A. Al-Nahari - NEBRAS Program Executive Director, Saudi Electricity Company, said, "With this program, we will be able to scale up our operations in a significant way and seamlessly manage our distribution networks. Wipro’s deep domain capability and technology-leadership will help us deliver cost-effective services and serve our large customer base in an efficient manner."
Ahmed AlFaifi, Managing Director, SAP Saudi Arabia, said, "The decision by Saudi Electricity to expand their existing footprint of SAP ERP with the implementation of the asset management processes will help further strengthen the ability of the power utility company to achieve cost savings and operational efficiencies. With electricity consumption growing at an accelerated rate of 8 percent* per annum in Saudi Arabia, we believe this expansion will provide SEC with the most innovative application technology platform that will help power the Kingdom’s growth today and in the future."
*Source: SEC Annual Report
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 Saudi Electricity Company
Saudi Electricity Company is a merger of all Saudi electricity companies in the central, eastern, western and southern regions into a single joint stock company providing generation, transmission and distribution of safe and reliable electric services to customers in the Kingdom of Saudi Arabia. For more information, please visit: http://www.se.com.sa.
SAP and all SAP logos are trademarks or registered trademarks of SAP SE in Germany and in several other countries.
All other product and service names mentioned are the trademarks of their respective companies.
Media Contact:
Purnima Burman
+91 80 39916260
purnima.burman@wipro.com
SEC Media Contact:
Nasr Khan
+966 58 3554664
erp-pmo-nak@se.com.sa
Wipro 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.
SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
