Bangalore, India - June 4, 2015:
Wipro (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced a strategic alliance and partnership for its Microsoft Licensing Solution Provider (LSP) business in India with COMPAREX, a global IT service provider specializing in software procurement, license management and technology consulting. Wipro has been one of the largest Microsoft LSPs in India for over a decade.
With the licensing industry constantly maturing, the need to focus on core competencies such as providing IT and business services, managing client relationships etc. has intensified. Wipro has therefore formed a partnership alliance with COMPAREX India, to provide the back-office support for its Microsoft LSP business in India. This enables Wipro to focus on its customers with a resource-specific approach and ensures its ownership of the entire customer relationship.
Soumitro Ghosh, Chief Executive, Wipro Infotech said, "This partnership will undoubtedly increase the focus on growth strategies for both COMPAREX India and Wipro along with providing value to the Microsoft LSP customers in India."
COMPAREX operates as an LSP in India and various other countries, thereby bringing in robustness and transactional efficiency to Microsoft LSP operations and leverage Wipro for its expertise in Microsoft Services.
"COMPAREX entered the India market only four years ago, and since then we have established ourselves as a leading, trusted national provider of Microsoft solutions." said John Havlick, Executive Vice President, Americas & Asia Pacific, COMPAREX. "This Alliance with Wipro is a testament to our rapid rise in this strategic market, allowing both Wipro and COMPAREX to focus on delivering the core value propositions to the joint customer base."
About COMPAREX
COMPAREX is a global IT service provider specializing in software procurement, license management and technical product consulting. With a track record spanning thirty years, COMPAREX serves public-sector bodies as well as SMEs, industrial companies and large international corporations. Its portfolio includes software licenses from more than 3,000 vendors as well as consultancy and professional services. The COMPAREX Group employs around 2,000 people at CA. 80 sites in now 31 countries across Europe, Asia, Africa and the Americas. In fiscal year 2013/14 the Group generated revenue exceeding USD2.0 billion. The company was founded in Leipzig, Germany over 25 years ago.
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 150,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com
Media contact:
Gitanjali Sreepal
+91 80 39918339
gitanjali.sreepal@wipro.com
COMPAREX media contact:
Maria Rohr / Corporate Communications
Phone: +49 341 2568000
Email: maria.rohr@comparex.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.
