Dublin, Ireland, London, United Kingdom and Bangalore, India - May 27, 2014:
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced that it plans to expand its workforce at Shannon Development Center in Ireland, to meet increasing business requirements.
Currently, the center employs over 200 professionals and has developed into an award winning organization, delivering services to banks and financial services companies across Ireland and the UK.
The Shannon centre provides Wipro’s IT and business process services' (BPS) offerings to marquee retail banking and insurance customers. Buoyed by the rising demand for services, Wipro plans to increase the headcount by up to 50% over the next 12 months.
Wipro’s centre in Shannon, Ireland is a regulated entity through the Central Bank of Ireland and complies with the FCA (Financial Conduct Authority) in the UK.
Rajan Kohli, Senior Vice President and Head of Banking & Financial Services, Wipro Ltd. said, “Ireland today offers a great talent pool and excellent infrastructure support. We are seeing a lot of interest from banks in the region for services around business resilience, risk & compliance, simplification, digital, mobility and analytics. Our experience in working on similar engagements with various banks in the UK and other countries is helping us offer Irish banks the right strategy and execution capabilities in these areas. We have received positive feedback from our clients and are committed to delivering world class solutions and building on our existing footprint to create new job opportunities in the local market.”
The Shannon business, set up to drive innovation and create high value job opportunities in the region, was inaugurated by Minister of Finance for Ireland, Mr. Michael Noonan in November 2012.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing 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 140,000 serving clients across 61 countries. 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.