Bangalore, India - January 5, 2010: Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) today announced that it was named a challenger in the recently published ‘Magic Quadrant for Global Business Intelligence and Performance Management Service Providers’ report by Gartner Inc.* (Dec 2009). Initiatives evaluated in this new Magic Quadrant Analysis span the Gartner Business Intelligence, Analytics and Performance Management Framework (BAP) across a continuum of tactical to strategic customer needs.
This Magic Quadrant is new and categorizes the market according to the ability of Consulting and System Integration (C&SI) firms to meet the emerging need for global BAP delivery capability in a "seek-model-adapt" fashion. No leaders are identified in this Magic Quadrant.
“In our opinion, our positioning in this report is testament to our capabilities in deploying BAP solutions of strategic relevance across industry and functional processes of global organizations. We have consistently delivered differentiating business value in large transformational engagements, through solutions across the BAP framework, leveraging enterprise information assets.” said K.R.Sanjiv, Global Head and Senior Vice President, Business Technology Services, Wipro Technologies.
“Demand for BI and PM services is strong across industry sectors and for a multiple of technologies and products. Gartner expects this demand to grow in 2010 and be a strong performer in the total C&SI (computing) market, which includes business application services, application development and application implementation services.”, says Alex Soejarto, Research VP, Gartner Research.
“Wipro is well positioned to address this market, with comprehensive portfolio of Analytics, BI and PM offerings and vast experience in defining Information Strategy for global organizations.” Sanjiv added.
Wipro has vast experience in implementing BAP solutions to drive enterprise business transformation initiatives and IT systems transformation. It has evolved advanced delivery models and reduced risk of implementation through proven processes, technologies and delivery excellence initiatives. It has been in the forefront of adoption and building new competencies on advanced technologies (like Social Computing, Video and Text Analytics, to name a few) and aligning it to serve customer specific information needs.
*Magic Quadrant for Global Business Intelligence and Performance Management Service Provider Date: 10 Dec 2009 Authors: Alex Soejarto, Susanne Matson, Neil Chandler
About the Magic Quadrant
The Magic Quadrants are copyrighted 2009 by Gartner, Inc. and are reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.
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Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
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