Bangalore, India - January 23, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), announced the launch of 'Wipro SprintHR', a cloud based technology offering used to deploy Oracle Fusion Human Capital Management. It is available as a SaaS model and is designed to help enable enterprise customers transform their HR processes. Leveraging its strong relationship with Oracle and co-development experience on Oracle Fusion Applications, Wipro SprintHR helps significantly reduce cost and deployment timelines.
Based on Wipro's proven rapid deployment framework for cloud applications, Wipro SprintHR is a productized service that helps customers configure the functional scope and deploy this solution, with little impact on business continuity. It offers a unique and powerful blend of Fusion Human Capital Management (HCM) modules that include HCM processes such as Talent Management, Benefits Management and Core HR administration.
"Managing talent is critical to any business and there is a need for rapid deployment of powerful solutions that will help customers optimally leverage their human capital. Wipro SprintHR Solution not only helps customers deploy a comprehensive HCM system, but will continue to provide the latest features and functionalities of Oracle Fusion HCM with low risk and flexible options. Also, by choosing a simple subscription model, customers can shift from a 'capital intensive' to a 'predictable operating expense' model with limited investments required in advance," said Raja Ukil, Vice President and Global Head, Oracle and Enterprise Applications, Wipro Technologies.
"In today's rapidly changing business environment, HR organizations are responding by building 21st Century HR operations through the adoption of new technologies, strategies and models," said Gretchen Alarcon, Vice President, Oracle HCM Strategy. "Oracle Fusion HCM capabilities combined with Wipro's extensive experience in optimizing and integrating cloud based solutions, will give customers the benefit of a modern HCM SaaS solution that can help reduce time to value."
Cloud computing is a major driver of a new wave of innovation at Wipro and the company has helped customers adopt and integrate cloud services into their enterprise systems. Wipro is also working closely with customers to provide IT management services. As per a Forrester report*, the Software as a Service (SaaS) market today represents the largest public cloud market by far, with USD 21.2 billion in total revenues in 2011. By 2016, SaaS will have total revenues of USD 92.8 billion - accounting for roughly 26% of the total packaged software market.
Wipro is a Diamond level member of Oracle PartnerNetwork (OPN).
*Forrester Research, Inc. Report "Sizing the Cloud: Understanding and Quantifying The Future Of Cloud Computing", published April 21 2011
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies 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 Technologies has 131,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle's products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit: http://www.oracle.com/partners.
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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.