Bangalore, India and East Brunswick, New Jersey, USA - June 8, 2015:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced that it has been named a 2015 Best Outsourcing Thought Leadership Awards (BOTL) winner by The Outsourcing Institute, the largest, neutral professional association dedicated solely to outsourcing. The BOTL Awards' Wall Street Tech Innovation showcases the most innovative work from providers across the outsourcing industry. A judging panel of eight senior sourcing executives from Fortune 1000 enterprises selected Wipro for its thought leadership piece that showcases a real world use case that encompasses innovation, creativity and results. Wipro is being recognized for its innovative work titled "Semantics and Ontology - The Future of Data Aggregation."
The Award was presented at the Wall Street Tech Innovation Conference which was held on Tuesday, June 2, 2015 in New York City.
"Financial institutions are giving increased attention towards improving the quality of data and turning it into a strategic advantage, owing to competitive, regulatory and business pressures," said Roop Singh, Senior Vice President and Global Head - Securities & Capital Markets at Wipro Ltd. "Wipro's strong expertise in IT & Operations combined with its deep industry knowledge enables financial institutions to gain deep insights on its data and data sources. In addition, our predictive analytics tools enable our clients to turn the static data into actionable insights on a real time basis."
"Wipro is being recognized for delivering measurable value to its clients and helping them thrive in the incredibly challenging Wall Street and BFSI environment with innovative and cost saving solutions," said Frank Casale, founder of The Outsourcing Institute and producer of the Wall Street Tech Conference. "We congratulate Wipro and its high-performing service provider team for its visionary thought leadership and client success."
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 The Outsourcing Institute
Founded in 1993, The Outsourcing Institute is the largest neutral professional association dedication solely to outsourcing, comprised of more than 70,000 professionals worldwide and providing information, research, networking opportunities and customized outsourcing solutions to the industry. For more information, contact us at info@outsourcing.com or visit us online at www.outsourcing.com
Media contact:
Gitanjali Sreepal
+91 80 3998073
gitanjali.sreepal@wipro.com
The Outsourcing Institute Contact:
Ilona Mohacsi, SVP Industry Analyst & Media Relations
Pen vine for The Outsourcing Institute
+1 631 764 3729
ilonam@penvine.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.
