Bangalore, India - November 18, 2010:
Actuate Corporation (NASDAQ: BIRT), The people behind BIRT® and the leading Open Source Business Intelligence vendor, today announced that it has formed a strategic alliance with Wipro Infotech, the India, Middle East and Africa, IT Business of Wipro Ltd (NYSE:WIT) and a leading provider of IT and business transformation services. Under the agreement, Wipro Infotech will promote the use of Actuate products including Actuate BIRT (Business Intelligence Reporting Tools) among organizations in India.
The new alliance will allow Actuate to leverage Wipro’s market presence to support the growing number of BIRT enterprise deployments as well as BIRT developers in India and address selling opportunities and increase overall awareness in the Indian market for open source based solutions. Wipro is embracing Actuate and BIRT into its Business Intelligence practice to create a larger breadth of offerings to its customer base.
“An alliance between Wipro and Actuate demonstrates our commitment to provide businesses with easy access to complex data sets through rich data visualizations. This strategic alignment will tightly integrate a wide range of customer Business Intelligence environments to ensure improved customer satisfaction. Wipro chose Actuate based upon the momentum it is seeing for BIRT in India, the strength of Actuate’s value-added offerings for BIRT, as well as the company’s rich expertise and proven leadership in the Business Intelligence market," said Sreenath A.V., Vice President, Business Solutions Division, Wipro.
The Actuate and Wipro alliance will offer Wipro customers Actuate and BIRT-based Business Intelligence applications. Additionally, these customers will be able to create an information delivery advantage by harnessing unstructured data, such as print stream data and turning it into Business Intelligence and information applications, complete with interactivity and in-memory analytics for use both inside and outside the firewall.
“We look forward to working with Wipro Infotech to jointly leverage each other’s capabilities to increase our joint business opportunities,” said Bernie Skomra, COO at Actuate Corporation. “Wipro more than meets our needs as a respected provider of IT and business transformation services and we look forward to utilizing its capabilities as we expand our presence in the Indian market.”
Actuate – the people behind BIRT
Actuate founded and co-leads the Eclipse BIRT open source project. ActuateOne is a unified suite of products for rapidly developing and deploying BIRT-based custom Business Intelligence applications and information applications. Applications built with ActuateOne provide one user experience regardless of task or skill level; are supported by one server for any deployment including cloud and are built with one BIRT design that can access and integrate any data source - including high volume print streams. ActuateOne adds rich data visualizations, including interactivity, dashboards, analytics, and deployment options to web and mobile BIRT applications, helping organizations drive revenue through higher customer satisfaction and improved operational performance.
Actuate has over 4,600 customers globally in a diverse range of business areas including financial services and the public sector. Founded in 1993, Actuate is headquartered in San Mateo, California, with offices worldwide. Actuate is listed on NASDAQ under the symbol BIRT. For more information, visit the company’s web site at www.actuate.com or visit the BIRT community at www.birt-exchange.com.
About Wipro Infotech
Wipro Infotech, a division of the US $6 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Software Services, Solutions and Consulting Services in India and the Middle East. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It also has regional offices across the Middle East serving the region.
About Wipro Ltd
Wipro Limited provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com, and www.wipro.in.
Sandhya Shama Rao
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Wipro's Forward Looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
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