Bangalore, India and East Brunswick, New Jersey, USA - November 26, 2014:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company today announced that it has been named a Star Performer in the Everest Group Life Sciences ITO PEAK Matrix™ 2014. Wipro strengthened its position by ramping up proprietary solutions, augmenting resources, deepening domain expertise and demonstrating an increased traction with large life science firms.
Wipro has seen success in delivering help desk, end-user computing, Application Development Management, testing, Enterprise Resource Planning (ERP) and Package implementation services for Life Sciences clients. The geographical scope of these contracts spans North America, Europe and Asia Pacific. Wipro's solutions address emerging industry needs to drive patient-centric solutions and optimize cost.
"A new surge in life sciences IT outsourcing is driven by application portfolio modernization, infrastructure transformation, and analytics. Life sciences enterprises are increasingly preferring service providers who can provide a blend of traditional and next-generation services", said Abhishek Singh, Practice Director, Everest Group. He added, "In the past year, Wipro has significantly improved its market presence through improved industry focused technology capabilities. Wipro has thus strengthened its Major Contender positioning and achieved a Star Performer rating on the Everest Group Life Sciences ITO PEAK Matrix."
Speaking on the recognition, Sangita Singh, Chief Executive - Healthcare & Life Sciences, Wipro Ltd said, "This recognition can be attributed to our domain focus, best-of-breed technology and delivery excellence in a comprehensive portfolio of services equipped to address the demands of rapidly-modernizing industries."
Healthcare and Life Sciences is one of the fastest growing business units of Wipro and has seen an upswing in large wins, due to its focus on domain-led solutions coupled with capability and global scale.
About Everest Group
Established in 1991, Everest Group serves users of global services, providers of services, country organisations and private equity firms in six continents across all industry categories. With a fact based approach driving outcomes, Everest Group counsels organisations with complex challenges related to the use and delivery of the next generation of global services. Through its practical consulting, original research and industry resource services, Everest Group helps clients maximise value from delivery strategies, talent and sourcing models, technologies and management approaches.
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
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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.