Bangalore, India and London, United Kingdom - February 4, 2016:
Leading international insurer, RSA, today announced a new seven-year partnership with Wipro Ltd. (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, to deliver its IT infrastructure requirements across the UK, Ireland and Scandinavia.
Wipro will be providing infrastructure as a service for mainframe, mid-range, storage, cloud and end user services in addition to a multilingual service desk for RSA employees in all the regions. This will enable pan-European standardisation, improved end-to-end responsibility and a platform for business-led collaboration. This agreement follows a 10-month sourcing programme, which included 20 bidders, and reflects RSA’s aim to drive benefits through the consolidation of services across its regional businesses.
Darren Price, Group CIO, RSA said, “We are delighted to partner with Wipro to provide our IT infrastructure needs across UK, Ireland and Scandinavia. Throughout the selection process, Wipro was a front runner because of its technical excellence and customer centricity. This partnership is a major step forward in our Group technology strategy enabling us to provide a market-leading, agile, affordable and secure infrastructure platform which supports profitable growth and enables our digital future.”
Shaji Farooq, President & Chief Executive, BFSI, Wipro said, “We are excited to enter into this new partnership and will leverage our global expertise to help RSA maximize value from their infrastructure. We see this as a key enabler for RSA to achieve the desired business outcomes from their IT investments.”
Note: The deal was mentioned in Wipro Limited's Q3 FY15-16 financial results announcement press release dated January 18, 2016, for the quarter ended December 31, 2015, with a description of RSA but without naming the company.
Media Contacts:
Vipin Nair
+91 98450 14036
Vipin.nair1@wipro.com
Purnima Burman
+91 99005 12025
purnima.burman@wipro.com
RSA Media Contact:
Deepa Bose
+ 44 (0)20 7337 5710
deepa.x.bose@uk.rsagroup.com
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 RSA
With a 300 year heritage, RSA is a multinational insurance group. RSA has operations in the UK & Ireland, Scandinavia, Canada, Latin American, Middle East and Russia and has the capability to write business in around 140 countries. Focusing on general insurance, RSA has around 18,500 employees and, in 2014, its net written premiums were £7.5 billion
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.
