Bangalore, India - September 13, 2010:
Wipro Technologies, the global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT), today announced that it has been chosen as a strategic partner for completing the implementation of Oracle JDEdwards Enterprise One 9.0 for Groupo Arcor, the world’s leading candy manufacturers and one of the largest companies in Latin America.
The program called ‘Antares Program’ spans over a period of 4 years and is planned to incorporate a global & unique business process model in one single instance across all geographies & businesses of Arcor. Groupo Arcor was earlier running their business in multiple instances of Oracle JDEdwards comprised of various modules of Oracle JDEdwards across finance, manufacturing and costing.
“This implementation has boosted Arcor’s ability to realign to a more standard system , reduce customization by 70% and most importantly, consolidate the prevailing multiple instances of Oracle JD Edwards into a single Oracle JDEdwards Enterprise One 9.0 and thereby save on maintenance and TCO costs” said Oscar Botto, CIO, Arcor S.A.I.C.
“This implementation marks a significant milestone for Wipro Technologies as not only do we play the role of the implementation partner, but also assist Arcor as a strategic partner in their 4-year IT transformation journey,” said Sangita Singh, Senior Vice-President, Enterprise Applications Services, Wipro Technologies
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.