Doha, Qatar and Bangalore, India - September 12, 2012:
Wipro Infotech, the India and Middle East IT Business unit of Wipro Ltd., and Qatar Airways, today announced a long term strategic engagement which will leverage competencies of both organisations to create greater value and more efficiency for the global airline.
This strategic relationship will bring together Wipro's experience of application development and project management and Qatar Airways' aviation systems' expertise to develop new solutions that create competitive advantage for Qatar Airways.
The Doha-based airline is one of the world's fastest growing carriers, operating now in its 15th year with a modern fleet of 111 aircraft flying to 118 key business and leisure destinations across Europe, Middle East, Africa, Asia Pacific and The Americas.
In an aggressive airline market, technology plays a key role in driving greater efficiency – more improvements, enhanced customer service and faster decision-making. The solutions jointly developed within this partnership will enable Qatar Airways and its subsidiaries to pursue their aggressive growth strategies. The agreement will further enhance Wipro's capabilities within the aviation sector, as well as increase Wipro's commitment to the Qatar market.
Qatar Airways Chief Executive Officer Akbar Al Baker said of the agreement, "We are delighted to work with an industry leader that Wipro is, combining their technical expertise with a world-class airline that we are, looking to drive greater efficiency by employing the best technology around. Through this agreement, Wipro will work with us to build new aviation IT solutions to meet our business needs in a fast-moving environment to ultimately provide an overall enhanced customer experience and provide Qatar Airways with competitive edge in using the latest technology available."
Under the new arrangement, a lot of the software development will be carried out by Wipro in South India. Qatar Airways will be able to tap into Wipro's vast pool of highly technical resources, as well as research and development centres to explore and take advantage of, new technological solutions.
About Wipro Infotech
Wipro Infotech, a division of the US $7 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Software Services, Solutions and Consulting Services in India and the Middle East. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It also has regional offices across the Middle East serving the region.
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 website at www.wipro.com
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.