San Jose, USA and Bangalore, India - September 26, 2017:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company and CloudGenix Inc., a leading provider of Software-Defined Wide Area Networking (SD-WAN) products, today announced a partnership to offer open and managed SD-WAN services. Termed as WANFreedom, the service allows enterprise customers to rapidly deploy cloud, SaaS (Software as a Service) and data center applications over any combination of MPLS (Multiprotocol Label Switching), Internet broadband and LTE (Long Term Evolution) networks, thereby enabling a rich user experience and IT infrastructure cost optimization.
Traditional WAN products based on proprietary hardware and complex routing protocols result in substantial dependencies and inhibit cloud adoption. With WANFreedom, customers will be freed from dependencies on WAN transport, proprietary hardware routers, networking complexity, therefore freeing up IT teams to focus on rapidly delivering business value.
Over the next five years, SD-WAN sales are forecast to grow at a 69.6% compound annual growth rate, reaching $8.05 billion in 2021, according to the IDC Worldwide SD-WAN Forecast: 2017-2021 (doc #US42904317, July 2017) report. This growth is fueled by rapid adoption of cloud, SaaS and data center applications, the commoditization of connectivity boosted by low-cost and high-capacity broadband availability, and the digitization of remote offices.
Kiran Desai, Senior Vice President & Global Head, Global Infrastructure Services, Wipro Limited said, "By partnering with CloudGenix, Wipro now offers its customers an end-to-end managed WAN, delivering a host of benefits including WAN transport independence, the ability to seamlessly integrate multiple telecom and network carriers and WAN types, improved WAN availability, uncompromised access to cloud, SaaS and rich media applications, elimination of proprietary hardware routers, and significant cost savings. These capabilities provide enterprises the freedom to adopt cloud, UCaaS (Unified Communications as a Service), SaaS and other modern applications without compromising security, performance, or visibility."
Kumar Ramachandran, CEO, CloudGenix said, "Wipro is a recognized global leader in deploying, managing, and operationalizing network infrastructure. Wipro’s WAN assessment and prescriptive service delivery model ensures customers gain instant time to value without needing to ‘rip and-replace’ their legacy WAN infrastructure."
Wipro’s SD-WAN capabilities meet enterprise customers’ digital business needs while ensuring robust performance, security and compliance in line with their business application policies. Supported by its Software Defined Everything (SDx) Center Of Excellence and ServiceNXT, a next-generation managed services framework, Wipro’s enterprise assessment and consultancy services ensure efficient delivery of SD-WAN solution for clients.
CloudGenix’s SD-WAN is powered by CloudGenix AppFabric that enables a self-healing network built on machine learning, which ensures faster time to market and better response to business needs.
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 CloudGenix
CloudGenix (www.cloudgenix.com) is the software-defined wide-area network (SD-WAN) leader, revolutionizing networking by transforming legacy WANs into a radically simplified, secure, application-defined fabric and unified hybrid WAN. Enabling application-specific, service-level agreements (SLAs), CloudGenix controls network application performance based upon application-performance SLAs and business priority. CloudGenix ION (Instant-On Network) simplifies how WANs are designed and managed, enabling customers to build “networks without networking," and achieve more than twice the performance at less than half the cost while extending data center-class security to the network edge. Founded in 2013 by a team that has delivered industry-leading products in networking, SDN, cloud, security and web-scale applications, CloudGenix serves world-class financial services, legal, retail and technology organizations.
Media Contacts:
Prathibha Das
Wipro Limited
prathibha.das@wipro.com
Joel Christner
CloudGenix
pr@cloudgenix.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.
