Bangalore, India and East Brunswick, New Jersey, USA - November 8, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE:WIT) today announced that it has formed a strategic partnership with SuccessFactors, an SAP company, the global leader in cloud-based business execution software.
As part of the agreement, Wipro will become a Strategic Success Consulting Partner helping to market and provide consulting and implementation services for SuccessFactors Business Execution (BizX) suite globally. SuccessFactors will invest in marketing and sales efforts to increase Wipro's presence across its own customer base. The two companies plan to develop a joint business plan for the two year engagement and offer software solutions and services to help organizations leverage technology to manage the evolving needs of today's workforce. This partnership is expected to further establish Wipro's position in support of the SAP® ERP Human Capital Management (SAP ERP HCM) application and cloud space.
"As SuccessFactors is the driving force behind SAP's new cloud efforts, the partnership will provide Wipro with an early mover advantage and create the right engagement opportunities with customers, in support of SAP cloud offerings," said Amitava Sharma, Vice President and Global Practice Head, SAP solutions, Wipro Technologies. "Wipro is very excited about the prospects of this partnership and expects it to account for a significant percentage of its revenues - related to SAP ERP HCM - by 2013."
"Partners are key to SuccessFactors continued growth strategy," said Mercedes Ellison, Vice President, Global Alliances and Channels, SuccessFactors. "We are pleased to partner with an established and like-minded company like Wipro to further help organizations to bridge the gap between their company's strategy and execution."
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 over 135,000 employees and clients across 54 countries. For more information, please visit www.wipro.com or contact us at firstname.lastname@example.org.
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Media Contacts: Wipro Technologies
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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.