Bangalore, India - September 1, 2009:
Wipro Technologies, the global IT services business of Wipro Ltd (NYSE: WIT), will offer ‘w-SaaS’, a platform for rapid Software-as-a-Service (SaaS) enablement of business applications using Oracle Grid Computing and Oracle application grid middleware for Independent Software Vendors (ISVs).
The platform will help ISVs enable their ‘existing’ business applications to operate in SaaS model in a non-intrusive manner with minimal re-implementation, and enable the traditional single tenant application to operate in an efficient multi-tenant mode. This is expected to result in savings of up to 50% of effort for SaaS enablement of existing applications, resulting in up to 10-20% savings in the total cost of ownership.
"With Wipro’s global service delivery capability, Oracle’s platform and strategic insights on world-class performance, this solution can be leveraged across multiple global customers," said Srini Pallia, Senior Vice-President and Global Head, Business Technology Services, Wipro Technologies Ltd. "Our relationship with Oracle enables us to provide ISV’s and joint customers, a powerful platform that allows them to improve their revenues in a cost effective manner"
As per leading analyst firm Gartner, “The market for worldwide software as a service (SaaS) is forecast to reach $8 billion in 2009, a 21.9 % increase from 2008 revenue of $6.6 billion”. Using Oracle to power the w-SaaS platform, together the companies can provide a cost-effective and flexible “SaaS enablement” alternative to the ISVs to move to the SaaS delivery model.
Oracle has worked with Wipro to offer its comprehensive technology stack to its ISV partners through this complete platform for accelerated SaaS enablement. Wipro will benefit from the increased SaaS market reach in collaboration with Oracle.
"We are delighted to team with Wipro to provide SaaS solutions. The w-SaaS platform, which leverages Oracle application grid products, will help our joint ISV customer base in their adoption of SaaS." said John Gawkowski, Vice President, Platform Technology Solutions at Oracle. "Oracle’s strategy of delivering high value through complete and integrated products fits well with the Wipro methodology, resulting in a proven and optimal solution with speed, quality and value to the customer," he added.
Wipro expects opportunities for this offering in North America, with growth potentials in the emerging markets of Latin America, Asia Pacific and Western Europe. Energy & utilities, retail, transportation, healthcare and manufacturing sectors will be focus verticals.
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 development, and maintenance 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.
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Mangala Koti Singhal
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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 atwww.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.