Bangalore, India and East Brunswick, New Jersey, USA - February 4, 2015:
Wipro Ltd. (NYSE:WIT) a leading global information technology, consulting and business process services company and SRC Cyber, LLC, a company specializing in cyber security products and services, today announced a global alliance. The two companies will jointly develop IT security products and provide consulting services that will serve organizations across the global energy and utilities industry value chain.
According to industry studies, in 2014 nearly 70% of companies across more than 10 countries with large economies said that they “have had at least one security breach that led to the loss of confidential information or disruption to operations” in the past year. Wipro and SRC Cyber’s joint value proposition is of strategic importance given this security environment.
Wipro brings a wide-ranging set of IT solutions for the cyber security domain and cyber security best practices in addition to proven domain expertise in the energy and utility sector, to this alliance. In addition, Wipro will provide access to a broad customer pool. SRC Cyber has expertise in solving enterprise challenges using its wide range of cyber solutions.
The joint offering aims to provide customers with an entire gamut of solutions and services, ranging from strategy development, compliance adherence, operations optimization to project delivery. Wipro’s global security consulting and energy domain expertise combined with SRC Cyber’s leading edge products and services for the energy and utilities industries will deliver a comprehensive set of solutions that will help customers address current and emerging threats.
In addition, Wipro and SRC Cyber will jointly help utilities recognize, address and mitigate internal threats arising from the human interface of their operations. This joint offering by Wipro and SRC Cyber will also help customers in North America comply with the NERC CIP (North American Electric Reliability Corporation Critical Infrastructure Protection) standards, a set of requirements designed to secure assets vital to reliably operating North America's electrical grid.
“Wipro and SRC will collaborate on cyber innovation to deliver the next generation of technology solutions for the global energy and utilities market. This innovation will exploit recent advances in physical-cyber convergence, thereby delivering a strong suite of products and services focused on securing operational assets in energy and utility industries. We are excited to partner with SRC Cyber as our collective strengths will help shape the future of operational security and deliver differentiators that will keep our customers protected from malicious activity,” said Radha Swaminathan, Vice President and CTO of Energy and Utilities strategic business unit, Wipro Limited.
Joe Lauko, Managing Director for SRC Cyber said “We are confident that Wipro’s consulting and technology capabilities together with SRC Cyber’s breadth and depth in cyber technologies will offer customers a comprehensive solution. We are excited to leverage our shared expertise to help companies solve some of their biggest data and cyber security problems.”
Wipro is a leader in enterprise security services across security strategy, cyber security consulting, managed security services and security intelligence. Wipro consistently features in the list of top five global enterprise security services providers by independent industry analysts and its multiple industry awards and associations with key security forums are testaments of its commitment towards excellence in cyber security and compliance.
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
About SRC Cyber
SRC Cyber, LLC specializes in providing cyber security products and services that are enabled by advanced, big data reasoning. By combining subject matter expertise with leading-edge technologies, SRC Cyber provides complete solutions that help our customers enhance their security posture, reduce risk and improve operational efficiency. With specialized knowledge related to information security, continuous monitoring, secure information exchange, cyber and insider threats, our recommendations and solutions are relevant, timely and innovative. SRC Cyber is a subsidiary of SRC, Inc., a research and development company. For more information, visit www.srccyber.com
Media Contacts:
Vipin Nair
Wipro Limited
+91 80 39916260
vipin.nair1@wipro.com
Subhashini Pattabhiraman
Wipro Limited
+91 9819773385
subhashini.pattabhiraman@wipro.com
Lisa Mondello, Corporate Communications
SRC Cyber
+1 315 452 8362∙
info@srccyber.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.
