Sydney, Australia and Bangalore, India June 14, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE:WIT), has been chosen by MMG, a mid-tier global resources company as their strategic partner to define and deliver MMG's 'Integrated Business Management' program over a period of three years. MMG mines, explores and develops base metal projects in Australia and around the world and is one of the world's largest producers of zinc as well as a substantial producer of copper, lead, gold and silver.
MMG's Chief Operating Officer, Marcelo Bastos said, "MMG is embarking on the strategic 'Integrated Business Management' program to allow the business to derive value from the current and future operations by adopting a common operating platform across all assets". He added, "MMG is excited to work with Wipro as our key strategic partner to transform key management systems and providing a foundation for MMG's simplification and growth."
As part of the strategic relationship, Wipro will work with MMG to transform its operations, by standardizing and simplifying its business processes and implementing a new SAP platform that will effectively support MMG's future growth and profitability.
Anand Padmanabhan, Sr. Vice President, Energy, Natural Resources and Utilities, Wipro Technologies said, "MMG is a very important customer for Wipro and we look forward to partnering with MMG to ensure seamless delivery of this business critical program. Information technology has emerged as a key efficiency driver in the natural resources space and clearly the future growth of the mining industry lies in increased efficiency through automation."
Wipro's Natural Resources vertical covering Metals and Mining, Agriculture and Forestry industry segments is a part of its Energy, Natural Resources and Utilities - Strategic Business Unit (SBU). It addresses the core industry concerns of efficiency and optimization in operations and management through its Consulting, Engineering, IT and BPO services, while providing solutions to customers for sustainable use of resources. Wipro's mining capabilities are now seeing increasing traction across the globe in markets such as Australia, Latin America, Canada, Kazakhstan and Africa. Asset Management, Digital Mines, Manufacturing Execution Systems and Exploration Data Management are some of the key areas where Wipro's focus helps both large and mid-tier mining companies address a host of challenges, resulting in high performance.
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 131,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
MMG is a mid-tier global resources company that mines, explores and develops base metal projects in Australia and around the world. The MMG group is one of the world's largest producers of zinc as well as a substantial producer of copper, lead, gold and silver. Headquartered in Melbourne, Australia, MMG is a wholly-owned subsidiary of Minmetals Resources Limited which is listed on the Hong Kong Stock Exchange (stock code 1208). MMG currently operates a portfolio of mines in Australia, the Democratic Republic of Congo, and Laos and has a development pipeline that includes several major undeveloped zinc-copper deposits and significant exploration projects and partnerships in Australia, Asia, Africa and the Americas.
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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.