Bangalore, India and East Brunswick, New Jersey - January 23, 2015:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company and Software AG (Frankfurt TecDAX: SOW), today announced a joint solution platform for streaming analytics that provides real-time actionable intelligence for the Internet of Things (IoT) market.
To address the huge market potential created by streaming analytics in conjunction with IoT and other emerging technologies, Wipro and Software AG have come up with a solution that provides enterprises with a competitive edge by responding to events in real-time with unlimited scalability.
Wipro has developed a streaming analytics based IoT solution platform, with a unique architectural framework called ‘Wipro Looking Glass’. In the first release, Wipro is leveraging Software AG’s Big Data Streaming Analytics product suite. The platform provides enterprises with a fast and easy entry into the vast business possibilities offered by the IoT.
Wipro Looking Glass current version embeds Software AG’s Streaming Analytics product suite which is designed to integrate, capture, analyze and respond to IoT data. The solution components include a real-time analytics engine, in memory database technology, a real-time user interface and mashup technologies. These components are proven to scale in high speed and big data environments, in various industries such as financial services, manufacturing, supply chain and telecommunications.
Wipro Looking Glass can be run both on-premise as well as hosted in a single cloud or multiple clouds simultaneously. Through leading edge data management technologies, this platform offers unlimited scalability to the enterprise. The foundation framework allows for the flexible and rapid development of customer specific solutions at a lower cost and reduced risk. With cloud hosted analytics and algorithms that are accessible by digital sensors and devices, actions like process updates, event responses and machine behavior can be effortlessly implemented.
Alan Atkins, Vice President and Global Head, Internet of Things (IoT), Wipro Ltd. said, “Wipro offers end-to-end services for IoT, enabled through business and technology frameworks to address the business challenges of the customers. Analytics and Visualization form important elements of this value proposition and the partnership with Software AG compliments the other offerings in the framework that we enable for the customers.”
“The key to successfully addressing the IoT market is the ability to rapidly build and evolve apps that tap into, analyze and make smart decisions on fast, big data”, said John Bates, Global Head of Industry Solutions and CMO, Software AG. “This partnership addresses these requirements by combining Wipro’s dedicated Software AG product practice, support services and a sharp industry focus with Software AG’s industry leading Streaming Analytics product suite – together delivering a unique and powerful streaming analytics solution platform.”
“IoT poses a completely new challenge to system designers” said Audi Lucas, Senior Architect - Connected Products, Manufacturing & Hi-tech Industries, Wipro Ltd. “It’s about architectures that can continuously analyze streaming data, make smart decisions in very short timeframes and intelligently evolve system behavior. It’s about the business impacts this can yield: taking advantage of opportunities, reducing cost and navigating around threats in real-time. That’s what makes a system smart and gives it the ability to add value to the products and services we provide,” he added.
About Software AG
Software AG (Frankfurt TecDAX: SOW) helps organizations achieve their business objectives faster. The company’s big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a leader in fourteen market categories, fueled by core product families Adabas-Natural, ARIS, Alfabet, Apama, Terracotta and webMethods. Software AG has more than 4,600 employees in 70 countries and had revenues of €973 million in 2013.
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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
Wipro media contact:
Gitanjali Sreepal
Wipro Limited
+91 80 39918018
gitanjali.sreepal@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.
