Dubai, U.A.E and Bangalore, India - June 4, 2013:
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced that it has been selected as a strategic IT partner by Majid Al Futtaim Ventures LLC, Dubai, one of the subsidiaries of the Majid Al Futtaim group of companies. As a part of the five year engagement, Wipro will support the implementation of an ERP solution as well as provide managed services, including infrastructure platforms and applications support for Majid Al Futtaim Ventures LLC, a leading developer of some of the region's most iconic leisure concepts and experiences.
Founded in 1992, Majid Al Futtaim group of companies is one of the leading shopping mall, retail and leisure pioneers with operations in 12 countries and over 24,000 employees. Majid Al Futtaim Ventures develops and operates all the leisure and entertainment facilities at Majid Al Futtaim malls including Ski Dubai in addition to growing its brand portfolio within third-party malls across the region. It is also parent to a consumer finance company and a fashion retail business.
Wipro's managed services offering will involve supplying the hardware, hosting it and enabling Data Center and disaster recovery on cloud for Majid Al Futtaim Ventures. This will ensure improved asset management, operational efficiency, robust back office operations and business continuity. As part of the ERP implementation, Wipro will also engage with Majid Al Futtaim Ventures to set up a Finance Shared Services Center, thereby allowing transactional accounting operations to be standardized, more controlled, effective and efficient across the business.
Mukund Seetharaman, General Manager & Business Head - Gulf, Wipro Ltd, said, “We are happy to partner with Majid Al Futtaim Ventures LLC, which is a value enhancing business arm of the prestigious Majid Al Futtaim group of companies. This engagement will further strengthen Wipro's positioning in the Middle East market, a key focus area for us for the past decade. We are confident that our global solutions will enhance and streamline the business processes at Majid Al Futtaim Ventures and propel their further growth.”
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro 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 has over 140,000 employees and clients across 54 countries. For more information, please visit www.wipro.com.
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