San Francisco, California and Bangalore, India - September 14, 2017:
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has become a silver member of The Linux Foundation and a bronze member of Automotive Grade Linux (AGL).
AGL is a collaborative open source project that is bringing together automakers, suppliers and technology companies to accelerate the development and adoption of a fully-open software stack for connected vehicle services. With Linux at its core, AGL is developing an open platform from the ground up that can serve as the de facto industry standard to enable rapid development of new features and technologies for the automotive segment.
Wipro is a strategic engineering and software partner to many leading automotive Original Equipment Manufacturers (OEMs) and tier-1 suppliers, across the globe. This membership will enable Wipro to accelerate the adoption of open source for all the software needs inside a vehicle. Linux-based open source software will help to accelerate innovation and faster time-to-market for automotive customers.
Dan Cauchy, Executive Director of Automotive Grade Linux said, "We are proud to welcome Wipro to the Automotive Grade Linux community. We share a similar goal of wanting to create a more efficient product development process, and we look forward to leveraging Wipro’s IT and product engineering expertise as we kick-off new projects around telematics and connected car services."
John Slosar, Vice President and Practice Head, Automotive & Aerospace, Product Engineering Services, Wipro Limited said, "Wipro is proud to join the Automotive Grade Linux community. We are excited to collaborate on Automotive Grade Linux with industry leaders and help promote wider adoption of the open-source based products".
Wipro has over two decades of experience in delivering differentiated solutions for leading global automotive electronic tier-1 suppliers and OEMs and is a trusted partner in their digital transformation journey. With its leading-edge automotive product design and engineering expertise in electronics, software, engineering design services, manufacturing execution systems, product lifecycle management, cloud solutions, enterprise IT applications management and remote infrastructure services, Wipro has been able to deliver solutions that create unique user experiences with the highest levels of reliability.
In the last two years, Wipro has been developing projects based on the AGL platform for two Japanese OEMs. Wipro is also developing AGL components for a leading Japanese tier-1 company.
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.
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.