Bangalore, India and East Brunswick, New Jersey, USA - December 4, 2014:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company has been named a 'Major Contender' by Everest Group in its report "IT Outsourcing in Payor Industry - Service Provider Landscape with PEAK Matrix™ Assessment 2014: Rise of the Challengers".
Wipro has achieved this highly coveted positioning in the very first year of participation. This recognition is a reflection of the feedback received from clients and successes that Wipro has seen in the past year.
Mohd Haque, Vice President and Global Head - Healthcare, Wipro Ltd. said, "We are delighted to be recognized as a "Major Contender" in the PEAK Matrix for Payor ITO' by Everest Group. Wipro Healthcare continues to build successful client partnerships, execute with excellence and strategically invest in healthcare solutions. We are focused on growing our strong footprint in the areas of Commercial Payor, Managed Medicare Advantage and Public Health Systems through a combination of proprietary solutions and services. We are also working very closely with our clients to help them keep pace with the rapidly changing industry landscape."
Elaborating on Wipro's key characteristics as a solution provider, the report states, "Wipro has seen success in delivering helpdesk, end-user computing, Application Development Maintenance (ADM), testing, ERP, package implementation, and network services."
"Payor industry IT outsourcing is at an inflexion point as it matures from largely regulations-driven technology investments to a more elaborate consumer-focused technology strategy," said Abhishek Singh, Practice Director, Everest Group. He added, "In this evolving industry scenario, Wipro's mix of services capabilities and domain-focused solutions are translating well into significant market success and industry recognition."
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of over 140,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com
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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 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.