Bangalore, India, and East Brunswick, New Jersey, USA - March 10, 2016:
Wipro Limited, (NYSE: WIT, BSE: 507685, NSE: WIPRO) a leading global information technology, consulting and business process services company, today announced a strategic collaboration with Tableau, a global leader in rapid-fire, easy-to-use business analytics software, to offer solution accelerators and innovative delivery models for Wipro's and Tableau's customers across the globe.
The overall BI and analytics market segment continues to expand and is expected to sustain its 2014 growth rate of 5.8% (adjusted for constant currency) through 2019 - as reflected in Gartner's current estimate of the compound annual growth rate for the sector.
This partnership aims at cross leveraging business intelligence expertise between Wipro and Tableau to deliver holistic, future proof and ready-to-go advanced visualization solutions to their customers across the globe.
With this partnership, Wipro will focus on creating solutions primarily in the sectors of financial services, retail, consumer packaged goods (CPG) and pharmaceuticals. Innovative cloud-based delivery and business models such as subscription based pricing that will be enabled with this collaboration will widen the spectrum of the offering in terms of both scale and scope.
As a step to strengthen corporate ties, Wipro organized Tableau Innovation Day at its Bangalore campus and in collaboration with Tableau has set up a dedicated Tableau Academy to upskill and cross-skill their resource base to adopt to cutting-edge technologies faster.
Pallab Deb, Vice President & Global Head - Analytics, Wipro Limited said, "We have seen significant traction from the market for the robust visualization platform offered by Tableau. With this global alliance we aim to integrate Tableau in our solutions to help clients unlock the power of big data."
"Wipro's globally recognized innovative approach delivering business value coupled with Tableau's disruptive software will allow us to help organizations empower their workforce to see and understand their data and quickly adapt to ever changing market needs" said Michael Hoff, Vice President, Americas Channel, Tableau.
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
Gartner "Magic Quadrant for Business Intelligence and Analytics Platforms" Josh Parenteau et al., 04 February 2016
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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.