Riyadh, Kingdom of Saudi Arabia - August 22, 2010:
Wipro Arabia Ltd today announced that it has been accorded Large Account Reseller (LAR) status by Microsoft for the Kingdom of Saudi Arabia (KSA). This reinforces Wipro`s strong relationship with Microsoft and underlines its exceptional level of expertise in Microsoft solutions. Wipro Arabia, a JV unit of Wipro Ltd, is a leading provider of IT and business transformation services in the Kingdom of Saudi Arabia.
With this elevation, Wipro Arabia, in addition to offering domain-centric Microsoft solutions, will now be able to resell Microsoft licenses and software to customers in the Kingdom. Wipro will also be able to directly administer enterprise agreements with customers, without going through a distributor.
Commenting on the achievement, Durga Prasad, GM and Head, Business Operations, Wipro Arabia Limited said: "We are excited about Wipro Arabia being selected as the LAR partner for Microsoft. Through this partnership, we will now be able to increase our competitiveness in providing customer-centric solutions on Microsoft platform to our customers in the Kingdom. We will also be able to further enable companies in the region by offering the best possible value and supporting services through Enterprise Agreements”
Fernando de Sousa, Chief Operating Officer, Microsoft, KSA said:" Saudi Arabia is a very important region for us given the Kingdom’s strong commitment to IT. We are keen to bring about transformation in every sector by deploying new and advanced IT tools to help government, society and individuals realize their full potential. In this endeavor, Wipro has consistently added value to our customers through domain solutions, exemplary services and dedication to Technology-based Business enablement. The Microsoft LAR partner status is a fantastic achievement for Wipro and a testament of our long standing relationship and work in the region."
Wipro and Microsoft are strategic, global Business partners having a multi-dimensional relationship for over a decade now. Wipro Arabia is among the Top 5 Global Systems Integrators in the region providing IT Services and Solutions across verticals.
About Wipro Arabia Limited
Wipro Arabia Limited is a joint venture between Wipro Limited, a leading global IT Services provider based out of India and Dar Al Riyadh, a well diversified group in Saudi Arabia having business interests in Engineering Services, Industrial Products, Systems & Integration and Information Technology. Wipro Arabia Limited, a division of the US$ 6 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Services, Solutions and Consulting Services in the Kingdom of Saudi Arabia. Backed by over two decades of Wipro’s global experience, best-of-breed technologies, robust process and quality frameworks and strong partnerships with product leaders, Wipro Arabia delivers superior performance at optimum costs.
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 websites at www.wipro.com, www.wiprocorporate.com, and www.wipro.in
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.
Sandhya Shama Rao
Mangala Koti Singhal
Mobile: +91 9686446789