Copenhagen, Denmark and Bangalore, India - March 14, 2016:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced that it has won a multi-year engagement with NRGi, one of the top 5 utility providers in Denmark. As part of the contract, Wipro will develop a new IT platform to transform the utility company's CRM, Billing and Service Bureau operations.
Currently, Denmark is opening up its energy sector and reworking the regulatory framework to bring in more transparency for customers and pave the way for setting up a competitive market for energy suppliers and utility companies. The new IT platform will help NRGi comply with the new 'wholesale model' requirements in the Danish Electricity Market and also lay the foundation for future digital initiatives. It will also enhance the user experience for NRGi's end customers.
Wipro will design, build, host and deploy a Customer Information System (CIS) for NRGi in a Platform as a Service (PaaS) model. The CIS as a Service" solution is based on Oracle's Customer Care and Billing platform, Meter Data Management platform and Oracle CX Solutions. This platform will drive the digital transformation at NRGi to enable the utility company to become more customer centric and acquire more customers.
In addition, this IT platform will enable NRGI to offer CIS services to other small to medium sized utility companies in Denmark through a 'Service Bureau' model, to boost its revenue growth. Technology advances are driving legacy CIS system replacements across the utilities industry. A hosted CIS solution, with a scalable and attractive commercial proposition eliminates the need for utility companies to make upfront investments in prohibitively expensive solutions.
Gert Rieder, CEO of NRGi Infrastructure AS said, "We have been looking to develop new CRM platform that can offer a tool for simpler and more efficient communication with our customers. We are happy to have Wipro as our IT partner as the company is the one of the best system integrators of Oracle Solutions and has one of the most comprehensive portfolio of solutions in the industry. In addition to helping us become more customer centric, the new IT platform will also create an opportunity for us to grow in the Danish market. Our goal is to double our turnover in five years."
Carl-Henrik Hallström, Head of Nordic Region, Wipro Limited said, "We are delighted to have been chosen as NRGi's IT partner. We are confident that our extensive domain experience in the energy and utilities sector along with our expertise in the integration of Oracle solutions will help us enable NRGi's growth objectives."
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." By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 160,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com
About NRGi AS
NRGi is one of Denmark's largest energy companies with 1,200 employees and about 210,000 members. NRGi actively contribute to the realization of the climate and energy policy objectives and will lead the transition to a smart, sustainable society. For more information, please visit www.nrgi.dk
Media Contacts:
Subhashini Pattabhiraman
+91 9819773385
subhashini.pattabhiraman@wipro.com
Linda Boman
+46 722 208 329
linda.boman@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.
