London, UK and Bangalore, India - June 13, 2013:
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company, and Nokia Siemens Networks, the world's specialist in mobile broadband, have jointly won the Global Telecoms Business (GTB) Innovation Award 2013 in the ‘Wholesale Service Innovation' category for the IT R&D Partnership Project. Global Telecoms Business is a leading UK-based publication that covers the telecom industry.
Nokia Siemens Networks decided to reposition its IT function to enable the company's overall business transformation and to renew its enterprise architecture. Nokia Siemens Networks IT organization created a truly innovative IT business model based on a self-guiding partner ecosystem for service delivery, where service providers and Nokia Siemens Networks IT are bound by jointly shared key performance indicators. They reflect Nokia Siemens Networks' business targets and ensure focus on architectural innovation, far beyond traditional outsourcing. Even the measurement of service performance is based on supplier-independent end–to-end business service availability and no longer on traditional service level agreements.
Wipro was selected as the provider of the R&D-related IT thanks to their integrated solution with a strong commercial model. It includes elements of shared business risk, a best-in-class transition plan and innovative transformational initiatives. The Wipro solution helps Nokia Siemens Networks remain competitive by shortening development cycles and reducing time to market for business critical product launches.
In presenting the Awards, Alan Burkitt-Gray, editor of Global Telecoms Business, commented: "The telecoms industry has been one of the world's biggest investors in research and innovation for 150 years and it is vital that investment continues and grows, not just for the health of the industry, but also so that people and businesses around the world can benefit from the remarkable services that vendors, operators and their partners in the ecosystem are developing. That's why we welcome this new move from Nokia Siemens Networks and Wipro to help promote innovation in the industry to the next level, and shorten the lead time for new products even further."
"We needed a fundamental change in the way both Enterprise and R&D related IT were managed to support the company's transformation. Wipro showed great enthusiasm for our approach and stepped up to the challenge in providing the R&D related IT services," said Manfred Immitzer, CIO, Nokia Siemens Networks. "It is great to receive this recognition from Global Telecoms Business."
"We continue to partner with Nokia Siemens Networks to support their transformation and focus on mobile broadband. Wipro helps manage R&D tools, applications and infrastructure, which is an integral part of Nokia Siemens Networks' business. This accolade is a great compliment to our partnership," said Wipro's Jeff Heenan Jalil, VP and Head of the Telecom Equipment business. "Wipro is currently delivering R&D services, which are contributing to building and maintaining Nokia Siemens Networks' mobile broadband portfolio, and helping them to implement their innovative IT business model."
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.
About Nokia Siemens Networks
Nokia Siemens Networks is the world's specialist in mobile broadband. From the first ever call on GSM, to the first call on LTE, we operate at the forefront of each generation of mobile technology. Our global experts invent the new capabilities our customers need in their networks. We provide the world's most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly.
With headquarters in Espoo, Finland, we operate in over 120 countries and had net sales of approximately 13.4 billion euros in 2012. http://www.nokiasiemensnetworks.com
Nokia Siemens Networks
Phone: +358 7140 02869
Wipro's 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.