Bangalore, India - May 5, 2010:
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), and Oracle (NYSE:ORCL), announced today the launch of a co-developed solution, a Process Integration Pack (PIP) for the High Technology industry.
This solution is part of Wipro’s offerings that provide a comprehensive solution footprint for the High Technology industry. Wipro is one of the first partners to sign an agreement with Oracle to develop end-to-end industry process solutions in the Campaign-to -Cash business process. The development effort underscores Wipro’s thought leadership in Oracle applications-based services practice worldwide and is part of the collaboration initiatives between Oracle and Wipro, across high-technology.
The solution provides for optimization and accurate payment of commissions, thus enabling sales alignment to drive desired sales behaviors across industries. The solution allows increased efficiency of compensation management and can help reduce commission overpayments by 90%. The PIP integrates Oracle’s Siebel CRM and Oracle Incentive Compensation using Oracle Application Integration Architecture (AIA), offering enhanced commission visibility for sales representatives and channel partners.
“In today's environment, companies need to accelerate their Campaign-to-Cash cycle times to help protect margins and healthy revenues,” said Jonathan Oomrigar, Global Vice President, High Technology, Oracle. “This Siebel CRM to Oracle Incentive Compensation co-developed PIP helps to automate the end-to-end Campaign-to-Cash process by integrating critical components of the Oracle portfolio. Wipro’s process capabilities and skills around Oracle applications combine to create this unique capability for the High Technology Industry.”
“Wipro is excited to work with Oracle and we look forward to leveraging this partnership and global reach in the High-Technology industry to tackle the industry’s challenges of customer acquisition, retention and cross-sell”, said Pavan Goyal, Vice President, Computing, Peripherals and Consumer Electronics, Wipro Technologies. “The Campaign-to-Cash solution set provides a great platform for addressing these Industry challenges and leverages the best-of-breed functionality across the Oracle stack.”
Oracle and Java are registered trademarks of Oracle Corporation and/or its affiliates.
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application management, and datacenter managed services to corporations 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.
Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' 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
Mangala Koti Singhal
+ 1 (732).216.6242
+44 792 020 5496
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.