IT major recognized for highest level of commitment, quality and innovation
Bangalore, India - September 14, 2010:
Wipro Technologies the global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT), announced that it has been recognized as a 2009 'Partners in Progress' by Sears Holdings Corporation.
Wipro was acknowledged for the high level of commitment, quality and innovation that it has been able to demonstrate while working with Sears Holdings. Wipro’s Base)))™, a technology platform that integrates outsourced services with the customer’s internal business processes has helped Sears realize better process visibility, improve efficiencies and optimize cost of operations.
The prestigious Partners in Progress award is presented annually to a select group of supplier companies that provide Sears Holdings with quality products and services, from apparel, appliances and tools to marketing, facilities design and technology. Less than one percent of Sears Holdings’ over 30,000 suppliers earn the coveted award each year.
“For 29 years, the Partner in Progress program has recognized our top-performing supplier partners for their commitment to supporting our company’s vision of improving the lives of our customers by providing quality services, products and solutions that earn their trust and build lifetime relationships,” said Bruce Johnson, interim CEO and president. “This program is a testament to the importance of collaborating with our supplier partners to better serve our customers and increase productivity.”
“We appreciate the trust and confidence Sears Holdings has placed in Wipro and are proud to be chosen for this coveted award,” said Suresh Vaswani, Jt. CEO – IT business & member of the board, Wipro Limited, “Our innovation led approach has helped us deliver exceptional business results in such transformational programs. This award is a true testimony to our “customer first” approach to building partnerships”
The program recognizes suppliers for product or service quality, innovation, diversity and overall market performance. The winners were selected from nominations submitted by Sears Holdings’ associates who purchased goods and services from suppliers for the company in 2009.
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application management, and datacenter managed services to corporations 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.
Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' 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
Mangala Koti Singhal
+ 1 (732).216.6242
+44 792 020 5496
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.