Bangalore, India and East Brunswick, New Jersey - December 2, 2014:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company today announced that it has been ranked as a leader in the 'Global R&D Service Providers (GSPR) Rating 2014' by Zinnov Management Consulting. Wipro's Engineering and R&D (ER&D) services have been rated at No.1 position measured by 'scale, client spread and vertical coverage' and has been placed in the leadership zone across multiple industry segments.
Zinnov is a leading Globalization and Market Expansion Advisory firm that helps companies globalize their R&D / Product Engineering activities. Zinnov's report titled "Global R&D Service Providers (GSPR) Rating 2014" is an annual study to assist business leaders spearheading global engineering initiatives to make the right decisions in the selection of their outsourcing partners across the world. It has comprehensively analyzed more than 50 companies in the ER&D space.
Zinnov's GSPR 2014 study has also recognized Wipro as a leader in eight industries - Automotive, Computing Peripherals & Storage, Consumer Electronics, Consumer Software, Enterprise Software, Medical Devices, Semiconductors and Telecommunications. The study analyzed responses from participants across key parameters like human capital, product development capabilities, financials, ecosystem linkages, infrastructure & innovation/IP creation, non-linear strategy, lab infrastructure and customer relationships.
"Wipro is undoubtedly a leader in the Product Engineering and R&D services space. With continuous demonstration of capability over decades, Wipro is a true Engineering partner for its customers across verticals. Through its significant investments in IoT, Lab infrastructure, IP/Solutions we believe that Wipro is probably the best equipped service provider to address the Engineering needs of tomorrow," said Sundararaman Viswanathan, Associate Director - Consulting, Zinnov.
Vasudevan Aghoramoorthy, Vice President, Product Engineering Services, Wipro Ltd. said, "This recognition by Zinnov reinforces Wipro's leadership position in ER&D services. It reaffirms our continued effort to create value for our customers through innovation and strong partner ecosystems. Our leadership across wide spectrum of industries is a reflection of the confidence our clients have in us and it is a testimonial of our focus in Engineering and R&D services."
N S Bala, Chief Executive, Manufacturing and Hi-Tech, Wipro Ltd. said, "We are delighted to be positioned as a leader in the Hi-Tech vertical by Zinnov. It is a validation of our renewed focus, strategic investments, emphasis on innovation and strong customer centricity. Our focus will be to continue to create business value for our customers by delivering high impact solutions that are aligned to shifts in the industry."
ER&D services have always been a forte for Wipro. Wipro focuses on value creation and helps customers quickly address market opportunities with solutions for the connected world. While customers benefit from creation of intelligent systems and efficient engineering & manufacturing process solutions, product compliance and certification labs ensure rigorous testing to minimize post-deployment defects, thus reducing the total cost of ownership for customers.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading information technology, consulting and business process services 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 over 140,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com
Founded in 2002, Zinnov - meaning Zeal in Innovation - is a leading Globalization and Market Expansion Advisory firm, with specialization in areas such as Global Sourcing, Emerging Markets Expansion, Human Capital Optimization, Small & Medium Businesses, Innovation, Cloud Computing and Enterprise Mobility. Zinnov offers advisory services to global leaders in business and technology and works collectively with them to tackle prevailing organizational challenges by analyzing changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques, provides solutions help in integrating organizational vision, business definition and processes. Visit us at www.zinnov.com. To request information, contact Karthik Ananth at email@example.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.