Stockholm, Sweden and Bangalore, India - February 8, 2016:
Wipro Ltd. (NYSE:WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has won an IT infrastructure transformation contract from the ASSA ABLOY Group, headquartered in Sweden. ASSA ABLOY is the global leader in door opening solutions.
As part of the five-year agreement, Wipro will consolidate ASSA ABLOY's existing data centers in the EMEA region and implement a cloud-based service model, which will include IaaS (Infrastructure as a Service) and PaaS (Platform as a Service). The deployment will leverage Wipro's BoundaryLess Data Center offering and will provide a full suite of IT infrastructure management services to ASSA ABLOY's global organisation. This solution will bring in a high level of agility, and a consumption-based IT service model powered by an user-friendly service catalog.
Since its inception in 1994, ASSA ABLOY has grown from a regional company into an international group with about 44,000 employees, operations in more than 70 countries and sales close to SEK 57 billion. ASSA ABLOY has expanded globally through a combination of organic growth and acquisitions. The goal of this IT engagement is to improve the efficiency of the company's data center services by moving them into Wipro's BoundaryLess Data Center (BLDC) offering and establishing a global delivery model through Wipro's ServiceNXT, the company's integrated Managed Services framework.
Jens Nielsen, CIO, ASSA ABLOY Group said, "This engagement is strategic to our business continuity operations and we believe that Wipro is the best partner for us. With our data center infrastructure supported by Wipro, we can drive added efficiencies, and most importantly, bring about joint innovations to serve our customers better."
Carl-Henrik Hallström, Head of Nordic Region, Wipro Limited said, "In order to keep pace with rapid globalisation, rising customer expectations and emerging technologies, enterprises must reinvent their traditional IT infrastructure and data center service capabilities. We are confident that Wipro's BoundaryLess Data Center offering will enable ASSA ABLOY optimize, automate and manage its data centers in an agile manner. Furthermore, this engagement reiterates our continued focus and investments in the Nordic region."
"We are delighted to be chosen by ASSA ABLOY as the strategic partner for their IT transformation project, which will leverage both our manufacturing domain expertise and technology capabilities. The relationship between both companies is anchored by a synergy of our core corporate values and we look forward to fostering an environment of innovation that supports and strengthens ASSA ABLOY's leadership position in the industry," said N. S. Bala, Chief Executive, Manufacturing & Hi-Tech Industry SBU, Wipro Limited.
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
Media Contacts:
Linda Boman
+46 722 208 329
linda.boman@wipro.com
Subhashini Pattabhiraman
+91 9819773385
subhashini.pattabhiraman@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.
