Toronto, Canada and Bangalore, India - July 20, 2016:
The Greater Toronto Airports Authority (GTAA) and Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global Information Technology, Consulting and Business Process Services company, today announced that GTAA has entered into a seven-year strategic IT and Business transformation partnership with Wipro. GTAA operates Toronto Pearson International Airport, the largest airport in Canada and the second largest in North America in terms of international traffic.
Wipro provides technology services to some of the world's largest airports including some of those that topped the 2015 Airport Service Quality (ASQ) rankings. With several offices across Canada, Wipro is recognized for its innovative approach to delivering advanced IT solutions and enhanced business value. The company was selected as the finalist vendor following a competitive procurement process.
This partnership will transform airport operations, run an integrated service delivery using airport best practices, create opportunities for joint innovation by adopting emerging technologies, and will position Toronto Pearson to evolve into the world's leading digital airport.
"As Toronto Pearson continues to grow as a global hub airport, we remain committed to enhancing our passenger experience through technological advancements. Achieving our vision of becoming the best airport in the world will require exceptional technology solutions, resources and services," said Martin Boyer, Vice President and Chief Information Officer, GTAA. "Wipro's aviation-centric experience will provide Toronto Pearson with unique capabilities that improve the airport user experience through scalable, flexible and resilient digital IT systems, while consolidating our IT footprint."
Anand Padmanabhan, President, Energy, Natural Resources, Utilities & Construction Strategic Business Unit, Wipro Limited said, "This is a landmark partnership for Wipro and GTAA. Our expertise brings smart airport concepts and digital airport technologies with proprietary airport-specific tools and platforms that will deliver best in class end-to-end integrated services. We are confident that our airport domain expertise combined with our skilled talent pool will provide the GTAA with the reliable and innovative IT solutions that it needs as one of North America's fastest growing airports".
Xavier Diniz, Country Head - Canada, Wipro Limited said, "Wipro will leverage its innovation lab to provide access to advanced technologies such as digital, artificial intelligence, cognitive computing, big data and security technologies. This lab will showcase cutting-edge platforms and test new concepts before they go live, and help transform GTAA into a next-gen Digital Airport, delivering the best quality and value to its customers and stakeholders."
The GTAA and Wipro teams are working collaboratively to ensure a seamless implementation of the new contract in the upcoming months.
About Wipro Limited
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO) 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 170,000, serving clients across 6 continents. For more information, please visit www.wipro.com
About the GTAA
The Greater Toronto Airports Authority (GTAA) is the operator of Toronto Pearson International Airport. With 41 million passengers in 2015, Toronto Pearson is Canada's largest airport, and North America's second-largest international passenger airport, as measured by the total number of annual international passengers. Toronto Pearson is a hub for the movement of people and goods across the country and the continent, and also around the globe.
The focus of the GTAA continues to be on growing Toronto Pearson's status as an international gateway: enhancing the customer experience, safety, security, the success of our airline partners and the regional economy.
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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.