Barcelona, Spain - February 27, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT) announced the launch of 'Wipro RAPIDS 2.0' (Rapid Application Integration & Deployment Solution), a pre-integrated solution that enables Communication Service Providers (CSP) to significantly accelerate their transformation journey.
The company first launched 'Wipro RAPIDS' at Mobile World Congress, Barcelona, in Feb 2009 to support 'Order to Cash' business processes for CSPs. Wipro RAPIDS 2.0 is an enhanced version which leverages Oracle's Communications Rapid Offer Design and Order Delivery Solution, aimed at providing innovative features and functionalities that are required by CSPs in today's digital world to swiftly launch differentiated offerings and deliver an enhanced customer experience.
Wipro RAPIDS 2.0 is a pre-integrated solution with support for quad-play and convergent services, which has been built and tested in Wipro's state of the art 4G lab in Bangalore, India. With a highly decoupled architecture, the solution is ideal for CSPs who are looking to transform their IT stack in entirety or parts. The solution also has several reusable assets like process libraries, use cases and migration accelerators which not only gives a significant head start to users but also reduces the risks associated with such large transformation programs and is expected to help accelerate the speed of the transformation journey by at least 30 percent.
According to a recent report by Ovum, an independent technology analyst firm, Telcos will need to migrate to new systems to drive network and IT efficiencies in their businesses. One option for telcos is to outsource legacy network or IT functions to a third-party supplier. However, a proactive transformation or migration to new platforms will be more efficient in the long term.
"We are pleased to announce the launch of Wipro RAPIDS 2.0 as a response to customers' evolving demands." said Anil Jain, Senior Vice President, Communication Service Provider Vertical, Wipro Technologies. "Wipro's leadership in the telecom domain and experience that spans over two decades helps us provide superior business value to next generation communication service providers."
"Wipro RAPIDS 2.0 showcases Wipro's ongoing commitment to build solutions leveraging the power of Oracle Communications capabilities to enable our joint customers to resolve their most strategic challenges," said Kapi Attawar, Vice President for Alliances, Oracle Communications. "Oracle applauds Wipro's significant investment in Wipro RAPIDS 2.0 and we are excited to work with them on this initiative."
Wipro RAPIDS 2.0 is being showcased at the Mobile World Congress, Barcelona, from 27th Feb to 1st March 2012 at Wipro's Hospitality Suite AV 30.
Wipro is a Diamond level member in the Oracle Partner Network (OPN).
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
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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.