Durham, USA and Bangalore, India – September 14, 2020: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company and ProcessMaker, a US-based software company and low-code workflow automation platform, today announced a partnership for delivering innovative workflow management to Wipro’s customers in Latin America.
This collaboration will leverage Wipro’s proprietary technology platform iCaaS (Intelligent Content as a Service) along with ProcessMaker’s Workflow automation platform to deliver Cognitive Content Automation solutions to customers.
These solutions will enable ‘paperless’ streamlined and efficient document processing while lowering the overall cost of operations. It will digitize and automate complex business processes including KYC verification, account opening for financial services, invoicing and payments, supply chain visibility and vendor onboarding for small businesses among others. Using these solutions, business users, technology organizations, and line of business (LOB) managers will be able to accelerate their customers’ digital journey. The solutions will be offered first to customers in the telecommunications, financial services, insurance and retail sectors before expanding to other industries.
Mukund Seetharaman, Vice President and Geography Head for Latin America, Wipro Limited said, “At a time when industries are going through unprecedented disruptions and digital transformation is at the core of enterprise success, we believe that digital-native solutions will be a game changer for our customers. This partnership is a strategic step towards accelerating our customers’ digital transformation journey with business solutions delivered locally in the LATAM region.”
Brian Reale, Chief Executive Officer, ProcessMaker said, “A huge part of our growth strategy in 2020 focuses on expanding our partner ecosystem to make our platform accessible to help organizations rapidly adapt to the current climate change caused by COVID-19 by truly embracing, and in many cases accelerating digital transformation. Our partnership with Wipro is a major milestone in our strategy and further strengthens the foundation of our growing partner ecosystem and the availability of our platform in new and expanding markets.”
Wipro has a significant presence in Latin America with offices across five countries in the region - Argentina, Brazil, Chile, Colombia, and Mexico. The company has been delivering value for over a decade bringing the best of its global experience to the local market and becoming a partner of choice as an end-to-end IT services provider. Wipro has some of the region’s largest enterprises as its clients and is expanding its presence in the country’s Banking, Financial Services, Energy, Mining, Consumer, Retail and Manufacturing industries.
ProcessMaker is low-code BPM and workflow software. ProcessMaker makes it easy for business analysts to collaborate with IT to automate complex business processes connecting people and existing company systems. Headquartered in Durham, North Carolina in the United States, ProcessMaker has a partner network spread across 35 countries on five continents. Hundreds of commercial customers, including many Fortune 100 companies, rely on ProcessMaker to digitally transform their core business processes enabling faster decision making, improved compliance, and better performance.
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 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future. For more information, please visit www.wipro.com.
Forward-looking and Cautionary Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, 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. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. 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.