Bangalore, India - April 22, 2014:
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced it has been appraised at SVC 1.3 Level 5 of the CMMI Institute’s Capability Maturity Model Integration (CMMI). The appraisal was performed by KPMG.
CMMI is a process improvement approach that provides organizations with the essential elements of effective processes that ultimately improve their performance.
Wipro Limited was appraised for its Application Management Services, Infrastructure Management Services and ServiceNXT™ engagements.
An appraisal at maturity level 5 indicates that the organization is performing at an "optimizing" level. At this level, an organization continually improves its processes based on a quantitative understanding of its business objectives and performance needs. The organization uses a quantitative approach to understand the variation inherent in the process and the causes of process outcomes. This assessment validates Wipro's process capability based on the CMMI standards that measure process improvements.
Wipro Limited has continuously leveraged CMMI Level 5 processes to achieve improved customer satisfaction, thereby enabling growth and profitability.
"We deeply value this recognition by CMMI Institute. Wipro’s focus on combining quality processes with business objectives have resulted in enhanced customer experience. We are certain this CMMI Services journey will further strengthen our integrated ServiceNXT™ offering to improve business outcomes for the company and the customers", said Satishchandra Doreswamy, Chief Business Operations Officer, Wipro Limited.
Devender Malhotra, Chief Quality Officer, Wipro Limited, said, "Through this achievement, Wipro demonstrates integrated quality management processes that cater to all business domains across the organization. CMMI services high maturity processes have consistently enabled us to enhance customer experience."
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.