Bangalore, India - September 24, 2009: Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) today announced that it has signed a master co-development agreement with Oracle to develop multiple industry solutions using Oracle® Application Integration Architecture (AIA), an open, standards-based platform for business process integration across Oracle, third-party and custom applications.
Under this agreement Wipro and Oracle will co-develop end-to-end industry process solutions for five different industries including communication, retail, consumer products, hi-tech, and industrial manufacturing. The co-developed Oracle Process Integration Packs includes campaign to cash for hi- tech, order to activate for communications and design to release for process manufacturing. Wipro is one of the first partners to sign an agreement with Oracle spanning such a wide range of industries.
" Wipro has provided innovative solutions that accelerate service launch delivery and enhance the customer experience, by integrating 17 applications in 8 months, either through bespoke developed frameworks or through standardized extensions that ensure seamless integration of OSS/BSS components", said Mr. Craig Humphreys, VP, Information Technology, Atheeb. "Wipro and Oracle provided a compelling value proposition in terms of a strong alliance at all levels including delivery. We are pleased to have chosen Wipro as our OSS/BSS solution partner, since they have the end to end view of business priorities and understood our imperatives for a successful service launch."
"Many enterprises find themselves struggling to deliver and standardize business processes that span multiple applications cost effectively," said Jose Lazares, Vice President, Applications Development and Strategy at Oracle. "Our co-development approach aims to involve selected partners, like Wipro, who have specific expertise and skills in industry specific business processes, to co-develop pre-built, best practice integration products with us and then deploy these for customers in a rapid and cost effective manner."
Speaking on the occasion Sangita Singh, Senior Vice President, Wipro Technologies, said, "The co-development agreement is part of our continued strategy to invest in technology innovation and build deep industry expertise along with partners. The industry specific solutions developed are designed to leverage Oracle platforms and provide faster time to market at lower cost of ownership for our clients".
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.
For more information, please visit our website at www.wipro.com
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Mangala Koti Singhal
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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.