East Brunswick, New Jersey, USA and Bangalore, India - August 16, 2016:
Wipro Limited, (NYSE: WIT, BSE: 507685, NSE: WIPRO) a leading global information technology, consulting and business process services company, today announced, that it has successfully launched its Managed File Transfer as a Service (MFTaaS) platform on Microsoft Azure. The Software as a Service (SaaS) platform will help enterprises in seamless digital integration and cost-effective collaboration with their clients, partners and employees. The Wipro MFTaaS platform has been published on Azure Marketplace.
The platform enables customers widen their reach to new markets by seamlessly integrating with their partner ecosystem. It makes use of Microsoft's cognitive capabilities and collaboration workflows to increase productivity and eliminate wastages in business processes.
This is one of Wipro's most successful enterprise SaaS platforms, having handled over 2.5 million file integrations across a portfolio of global clients. The MFTaaS platform can potentially pare upto 30 per cent Total Cost of Ownership (TCO) and upto 50 per cent transaction pricing for clients, vis-à-vis traditional deployments.
The product has added value to manufacturing clients by bringing in greater efficiencies in their business processes. It also has zero maintenance costs on cloud. Energy and Utility sector clients have benefitted from its faster latency on Large File Transfers across geographies. It allows for secure and faster on-boarding of new clients, which has considerably benefited BFSI sector clients.
"We are committed to investing in next-generation cloud technologies. Co-innovating with companies such as Microsoft to create platforms and services enables us to further our investments and helps our customers realize the power of Cloud. True to our strategic direction, Wipro's MFTaaS solution is an effective solution to enterprises' problem of large file transfer in B2B scenarios," said Hiral Chandrana, Senior Vice President – Business Application Services, Wipro Limited.
"Wipro's MFTaaS platform is a good example of how the power of Microsoft Azure is being leveraged to solve critical customer business problems. We are excited by the work we are doing with Wipro, helping our clients accrue the true benefit of the cloud," said Victor Morales, Vice President for Enterprise Partners Group, Microsoft.
Wipro and Microsoft have been strategic partners for decades. Wipro has been investing in building industry solutions on Azure that help address customers' business challenges.
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
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.