Bangalore, India - March 15, 2016:
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced a strategic partnership with Schneider Electric, a global specialist in energy management and automated systems, to develop convergent solutions for India's Smart Cities.
Wipro and Schneider Electric will collaborate to enable the delivery of cost-effective and efficient citizen services to urban and rural communities. Both organizations will jointly develop solutions in the Smart City space for India and global markets.
Smart Cities have a strong and equal play of operational technology (OT) along with information technology (IT) to provide convergent solutions. Wipro and Schneider already have a strong partnership around IT, Data Centers, connectivity, Intelligent Building Management Systems and Data Center Infrastructure Management solutions. Both the companies are now collaborating to focus on key OT areas like energy optimization, analytics and citizen service improvement for smart cities.
Kiran Desai, Vice President and Head - Global Infrastructure Services, Wipro Limited said, Wipro's strength in system integration across technologies combined with Schneider's world class products and solutions will help create a unique proposition for customers. With its strong IT background, industry domain and focus on Internet of Things, Wipro is uniquely positioned to create convergent solutions with optimal total cost of ownership thereby enabling enhanced citizen experience."
Commenting on the partnership Anil Chaudhry, Country President and Managing Director, Schneider Electric India said, "The world of energy is transforming. The convergence of IT and energy technologies such as the internet of things applied to energy, allows increasing control and anticipation in the use of energy and resources. The energy world is becoming more connected, more distributed, more electric and more efficient. Our collaboration with Wipro will see new and innovative technologies coming into existence and making India's cities better places to live, work and play."
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
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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.