Richmond, Virginia, USA and Bangalore, India – October 29, 2019:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the opening of the next generation engineering and innovation center in Richmond, Virginia, to accelerate innovation for local startups and clients, that will create 200 additional jobs in the Richmond area by 2021.
Wipro employs over 500 professionals across the state of Virginia of whom 420 are in the Richmond area.
Wipro’s new 10,000 square-foot facility will focus on full-stack engineering solutions, customer experience and accelerators across cybersecurity, cloud, digital and DevOps. It will also host customized visits, workshops on design thinking and innovation, and projects featuring collaboration across different industries.
Additionally, Wipro will partner with local startups to share expertise and domain-focused use cases that can be scaled for the enterprise, benefiting large and small businesses alike. The Center’s technologies, training and expertise will also be made available to education professionals, community leaders and policy makers.
"We deeply value Virginia’s reputation for innovation, commerce, academic excellence, and world-class engineering talent and are excited to further invest and expand our operations here,” said Angan Guha, Senior Vice President & Global Head, BFSI, Wipro Limited. “Business agility and innovation are critical to succeed in the Digital Age, and the investment in our new Engineering and Innovation Center brings these two elements closer to our clients. This will enable us to scale our market-leading partnerships with start-up leaders and large enterprise customers whose innovations continue to transform their industries.”
“We are proud that a leading IT company such as Wipro has chosen to invest in Henrico County, where a skilled workforce and top-tier universities combine to create the ideal environment for business,” said Brian Ball, Virginia Secretary of Commerce and Trade. “Wipro employs over 175,000 people over six continents, and the company’s decision to create new jobs in the Greater Richmond region is a strong testament to the area’s steady supply of IT talent, which we are confident will meet Wipro’s needs for many years to come.”
Wipro is currently hiring graduates from Virginia Tech, Virginia Commonwealth University, University of Virginia, University of Richmond and other local institutions.
Wipro hosted a ribbon cutting ceremony at the Center on October 29, to celebrate local leaders across business, government and education. As part of the opening, Wipro donated 2,500 books in the Hanover and Henrico County school districts in partnership with the nonprofit First Book, to Title 1 elementary schools including Oak Grove-Bellemeade, Laburnum, Longdale, Mechanicsville, and Elmont. This donation is part of Wipro’s long-standing commitment to supporting educational programs in every community it operates in.
The Richmond office opening follows the launch of Wipro’s Pivotal Software Center of Excellence in Dallas, and the Digital and Technology Center in Minneapolis earlier this year.
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 175,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
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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.