Bangalore, India - June 17, 2010:
Hitachi Data Systems Corporation, a wholly owned subsidiary of Hitachi Ltd. (NYSE: HIT) today announced that it has entered into a strategic technology collaboration with Wipro, a leading provider of IT and business transformation services, to offer co-branded products and services on Hitachi Technology. The charter is to jointly work on technology insights early in the cycle, co-develop products for the Indian market, and build strong solution sets, practices and services on core Hitachi technology. Commencing with Hitachi’s Adaptable Modular Storage 2100 (AMS 2100) range, this alliance will open up opportunities for growing organizations to adopt scalable, tiered, Enterprise class storage with a promise of optimal TCO, better utilization and ease of deployment. This is a first of its kind partnership that Hitachi has signed with any organization in India.
Speaking on the occasion, Kevin Eggleston, Senior Vice President and General Manager, APAC, Hitachi Data Systems said, “We are extremely confident that this partnership will establish a new milestone in the Indian storage arena. Together with Wipro, we will present our enhanced offering in modular storage in terms of reliability, ease-of-use and operational savings.”
Commenting on this partnership, Ashok Tripathy, General Manager & Business Head, Systems & Technology Division, Wipro said, “Our charter is to innovate, build and market, leading IT infrastructure solutions around open standards and technologies. Towards this, we adopt technologies that help make our customers’ systems and business, scalable and agile. Our alliance with Hitachi is a strategic step in this direction as it offers a compelling value proposition in modular and scalable, Enterprise-class storage.”
“Through this alliance, Wipro will offer comprehensive server-storage proposition to its customers which will help us penetrate deeper into various verticals and establish a wider customer base,” said Vivekanand Venugopal, VP and GM, Hitachi Data Systems, India.
The Wipro-Hitachi AMS 2100 range is a cost effective, easy-to-use and scalable storage system with a rich set of features in a model that scales up to 120 disk drives and is apt for large and medium businesses. Assuring 99.999 percent data availability and no single point of failure, the Wipro-Hitachi AMS 2100 range has the ability to add capacity, connectivity and performance, and therefore is ideal for dynamic workloads such as a virtualization environment. This product will be immediately available in the market.
“Growth oriented emerging enterprises are increasingly looking for a trusted IT partner who can work with them through their IT lifecycle and manage IT complexity. This is where the core technology of Hitachi complements Wipro’s technology management expertise to deliver value to customers,” added Ashok Tripathy.
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
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.
About Hitachi Data Systems
Hitachi Data Systems provides best-in-class information technologies, services and solutions that deliver compelling customer ROI, unmatched return on assets (ROA) and demonstrable business impact. With a vision that IT must be virtualized, automated, cloud-ready and sustainable, Hitachi Data Systems offers solutions that improve IT costs and agility. With more than 4,100 employees worldwide, Hitachi Data Systems does business in more than 100 countries and regions. Hitachi Data Systems products, services and solutions are trusted by the world’s leading enterprises, including more than 70 percent of the Fortune 100 and more than 80 percent of the Fortune Global 100. Hitachi Data Systems believes that data drives our world – and information is the new currency. To learn more, visit: www.hds.com
About Hitachi, Ltd.
Hitachi, Ltd., (NYSE: HIT/TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 400,000 employees worldwide. Fiscal 2008 (ended March 31, 2009) consolidated revenues totaled 10,000 billion yen (US$102.0 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials, logistics and financial services. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
© 2010, Hitachi is a registered trademark of Hitachi, Ltd. and/or its affiliates in the United States and other countries. Hitachi Data Systems is a registered trademark and service mark of Hitachi, Ltd. in the United States and other countries.
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