Woking, United Kingdom and Bangalore, India - September 14, 2017:
McLaren Technology Group and Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced that Wipro has become the official technology provider to McLaren Technology Group to help drive digitalisation across its businesses.
Wipro will assist McLaren with achieving its recently defined IT strategy, focusing on providing next-generation differentiated IT services to its business divisions with an emphasis on agility and improved reliability.
As part of this multi-year partnership, Wipro will leverage the Wipro HOLMES™ artificial intelligence platform and its next-generation managed services framework to offer flexibility and boost the productivity of McLaren’s fast growing automotive and high-tech businesses.
Craig Charlton, Chief Information Officer, McLaren Technology Group said, "We are passionate about delivering high performance digital solutions underpinned by robust SLAs across McLaren. Wipro, with its deep domain expertise and vast application services portfolio, will help us achieve excellence as well as drive innovation in Artificial Intelligence."
N S Bala, President - Manufacturing & Technology, Wipro Limited added, "Digitalisation is a great opportunity for renowned brands like McLaren to reimagine and redesign their products and services from their customer’s perspective. We are delighted to partner with McLaren Technology Group to bring this strategic initiative to life, enabling organisation-wide disruptive innovation."
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
About McLaren Technology Group
McLaren is synonymous with the highest levels of performance. Since its foundation in 1963, McLaren has been a pioneer and innovator. In the competitive world of Formula 1, McLaren has forged a formidable reputation, having won 20 world championships and over 180 races.
Over the past decade, the McLaren brand has been further enhanced through the development of an elite, high performance sports car business, supported by a global retail network, and vehicles described as ‘game changing’.
Most recently, McLaren Technology Group, via the McLaren Applied Technologies business, has expanded its reach and influence - partnering with leading organisations to develop breakthrough solutions in areas as diverse as manufacturing, sport, healthcare and financial services.
Each of these businesses contributes to the ever-increasing value of the McLaren brand, and its reputation for excellence.
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.