Bangalore, India - October 28, 2013:
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced that it has been ranked as a leader in the 'Global R&D Service Provider' survey by Zinnov Management Consulting for the fourth successive year. Zinnov is a leading Globalization and Market Expansion Advisory firm that helps companies globalize their R&D/Product Engineering activities.
Zinnov’s 'Global R&D Service Provider Rating 2013’ has recognized Wipro as a leader in seven industries including Consumer Electronics, Telecommunications, Semiconductors, Computing Peripherals & Storage, Automotive, Enterprise Software and Consumer Software. Zinnov has evaluated these ratings on five key parameters including scalability, R&D practice maturity, breadth of R&D services, innovation and eco system connects.
Zinnov's Global R&D Service Providers Rating 2013 has comprehensively analyzed the top 75 R&D service providers across the world in 13 major industry segments. Service Providers were evaluated on the basis of their capabilities and vertical coverage. The analysis includes user experience, systems software, embedded systems, mechanical & electrical engineering services and engineering analytics.
"Wipro has consistently kept up pace with changing customer needs in the Product Engineering space. Be it adopting flexible business models, taking a solution led approach or co-investing in developing a product and taking it to market Wipro has demonstrated strong capability. Wipro’s vertical specific solutions and PDLC (Product Development Life Cycle) accelerators give it a definite edge as an engineering partner." said Sundararaman Viswanathan,Engagement Manager, Zinnov Management Consulting Pvt. Ltd.
"We are delighted to receive this accolade from Zinnov for the fourth consecutive year. It reaffirms the confidence our customers have in our deep domain knowledge and technical expertise. We will continue to drive high impact innovation for our customers through proactive investments in industry specific Intellectual Property and superior delivery processes,” said G K Prasanna, Senior Vice President, Product Engineering Solutions and Global Infrastructure Services, Wipro.
Wipro enables creation of a new wave of experiences through intelligent products, connected infrastructure and engineering & manufacturing process solutions. Wipro's solutions help to design, test and manufacture products quickly with technology expertise in software, electronics and mechanical engineering, industry specific knowledge, partnerships and efficient processes. Product compliance and certification labs ensure rigorous testing under the most extreme conditions 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 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 57 countries. For more information, please visit www.wipro.com.
About Zinnov
Founded in 2002, Zinnov – meaning Zeal in Innovation – is a leading Globalization and Market Expansion Advisory firm, with specialization in areas like Global Sourcing, Emerging Markets Expansion, Human Capital Optimization, Small & Medium Businesses, Innovation, Cloud Computing and Enterprise Mobility. Zinnov provides advice 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 that help in integrating organizational vision, business definition and processes. For more information, please visit www.zinnov.com
Wipro Media Contacts:
Vipin Nair
Wipro Limited
+91 80 39916260
vipin.nair1@wipro.com
Subhashini Pattabhiraman
Wipro Limited
+91 80 39916558
subhashini.pattabhiraman@wipro.com
Zinnov Media Contact:
Kinjal Chhetri Panwar
Zinnov
+91 9419024103
kinjal@zinnov.com
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.
