Bangalore, India - February 1, 2011:
Wipro Technologies, the Global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT) and the largest Testing Services Provider in the world, announces the launch of its Testing as a Service (TaaS) Portal to act as a virtual marketplace for potential customers to browse, request for quotes and purchase services online. The portal empowers the customer to select and buy services at the click of the mouse, thereby dramatically changing the market landscape for software Testing Service providers. Wipro will continue to innovate with this portal and plans to add 20 more services and more sophisticated functionalities to the portal it in the near future.
Globally, Testing Services are a USD 56 billion market, where 10% gets outsourced to India through the traditional off shoring methods, as per third party estimates. Wipro Technologies, has been cited by independent research body, IDC Research, as a leader among Tier-1 Testing Services Providers in a report titled “IDC MarketScape : Global Testing Services, 2010 Vendor Analysis.
"Testing as a discipline has undergone a sea change over the past decade. From being a mere phase in the development cycle, it is now being increasingly accepted as a Productized Service Offering. We believe testing today needs to be business purpose driven and therefore, the highlight of Wipro's TaaS portal is the simplicity of use that it offers from a clear service definition and a catalogue of productized services, so that customers can browse these services, choose from an array of service parameters, request for a proposal and in near future even buy and consume services online", said Gangadharaiah C.P., Senior Vice President and Global Head of Testing Services, Wipro Technologies.
He added, "Wipro Technologies has been one of the pioneers of independent testing services for global clients and continues to make significant investments in innovative offerings in this space. Based on initial feedback from the industry, the portal is being seen as a disruptive offering that has the potential to change the way business is done in the Testing Services Industry."
Wipro is a global leader in both the Application and the Product Testing Services. Wipro Technologies’ current portfolio of online Testing Services include Certification, Qualification, Readiness Assurance, Test Environment and Lab Services, enabling clients or prospects to fast forward their decision making with immediate output.
Please visit us at http://taas.wipro.com/ to know more and browse our service offerings.
About Wipro Technologies
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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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.