Bangalore, India - May 16, 2011:
Wipro Infotech, the India, Middle East and Africa, IT Business Unit of Wipro Ltd, and a leading provider of IT and business transformation services announced today that United Bank of India, one of the leading nationalized banks of the country, has selected Wipro to deploy a wide area network optimization solution from Cisco for all of its 1600 plus branches & offices. The deployment is amongst the largest globally for any Public Sector Bank.
The solution, enabled by the power of the network, facilitates UBI's vision of providing the benefits of banking to rural and agricultural economies, and to India's burgeoning small and medium-sized enterprise sector.
The deployment will include Cisco® Wide Area Application Services (WAAS) devices, Cisco's comprehensive WAN optimization solution, in addition to application accelerators for the data centre and disaster recovery sites, making this one of the largest deployments by any public sector bank globally.
Speaking on the occasion, Shri Bhaskar Sen, Chairman and Managing Director, United Bank of India, said "With this deployment of WAN optimization, we are confident of being able to better communicate and collaborate with our remote branches, effectively serve our customers with minimal turnaround time and leverage bank's network for rolling out customer centric applications directly from data centre. This is a step forward in strengthening our position of being a preferred bank for our customers through a process of continuous improvement. Bank has also focused on Alternate Delivery Channels through expansion of ATM network and implementation of feature rich Internet Banking and Tele Banking applications."
Shri S.L.Bansal, Executive Director, United Bank of India mentioned that the "Vision Statement" of United Bank clearly talks about Techno Savvy aspect of the Bank, and the bank is in the forefront in adopting latest technology to provide efficient customer service and improved efficiency of its workforce.
Shri Naresh Wadhwa, President and Country Manager, Cisco – India & SAARC region mentioned: "Core banking is extremely critical to the well-being of any bank. Even though UBI had previously deployed core banking facilities, but there remained a tremendous scope for further improvement. This deployment, which is one of the largest the industry has seen, will be a reference site of significant importance in the Indian financial industry and will pave the way for many similar projects."
Shri Vikas Srivastava, Vice President, Infrastructure Technology Solutions, Wipro said, “We are delighted to have been selected by United Bank of India for deploying the WAN optimization solution for all its branches across the country. The engagement involves commissioning, implementation and integration of the solution with UBI's existing WAN network. In keeping with our endeavor to bring leading-edge technology solutions to our customers, we decided to partner with Cisco for its WAN optimization solution. We are confident that together with Cisco's solution and our two decades of global experience in the IT space, we will be able to help UBI in achieving increased productivity and cost savings in the years to come."
About Wipro Infotech
Wipro Infotech, a division of the US $7 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 website at www.wipro.com.
Sandhya Shama Rao
IPAN Hill & Knowlton
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