Bangalore, India - June 17, 2010: Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), today announced the official opening of its new office in Seoul, Korea and the appointment of Ki Young Jang as the Country Head for South Korea.
In the new role, Ki-Young will have overall responsibility for company’s business in the country and will be based out of the Seoul centre. While building on the company's rapid expansion in the region, Ki-Young will oversee the ‘Go to Market’ strategy, drive revenue growth and leverage on Wipro’s strength in innovation, technology, process insight and globalization to further enhance the company’s position as a business transformation catalyst.
Ki-Young brings over 25 years of extensive experience across Sales, Marketing and Alliances. Prior to joining Wipro, Ki-Youn has worked with IBM & Bearing Point in Korea and held various senior managerial roles.
A growing region, Korea shows immense potential as an IT Services market and Wipro is looking at exponential growth of business in South Korea. In addition, Wipro has a number of large and global accounts based in South Korea. The appointment of Ki-Young exhibits Wipro’s commitment to the market and its outlook for growth and development. The company will offer product engineering services and cater to key verticals such as Technology, Manufacturing & Finance, and serve both local and global customers.
Commenting on his appointment, Rajat Mathur, Senior Vice President and Chief Sales and Operations Officer APAC, Wipro Technologies, said, “South Korea is an important market for us and in addition to our existing clients, we will be pursuing both new business and partnership opportunities. Korea has shown tremendous resilience in overcoming the global financial crisis and with leading global companies and other very large organizations based here; we strongly believe that we can bring value to them through our global experience and capabilities. Ki-Young’s extensive experience in South Korea will add immense value in taking Wipro’s commitment to the next level.”
“I am excited to join Wipro as it is among the leading IT Services players today and offers high-end IT consulting and Managed services across a broad spectrum of industry verticals. I look forward to be a part of Wipro and my focus would be to grow and strengthen our presence in Korea through customer relationships and augmenting the local staff” said Ki Young.
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
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 http://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.