Bangalore, India - October 13, 2011:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), has been recognized as Asia's Most Admired Knowledge Enterprise (MAKE) winner 2011 for the ninth consecutive time, the only company in Asia to have achieved this distinction in the IT sector The Award was handed out in a glittering ceremony in the 12th World Knowledge Forum at Seoul, South Korea.
The MAKE study recognizes organizations who are leaders in creating organizational intellectual capital and value, through the transformation of individual or enterprise knowledge into superior products, services or solutions. Wipro has been acknowledged for exceptional accomplishment in maximizing value from customer and stakeholder knowledge. Wipro Technologies is a pioneer in creating a knowledge-driven organizational culture and collaborative knowledge-sharing work environment.
Mr. Rory Chase, Managing Director of Teleos, an independent research firm based out of UK that administers these awards, commented "Wipro has proven its commitment to being a knowledge driven organization over the last nine years and that focus has allowed it to consistently deliver high quality services to its customers. The Most Admired Knowledge Enterprises (MAKE) research program seeks to identify those organizations which are out-performing their peers by above average growth in intellectual capital and wealth creation and the panel acknowledges this contribution by Wipro."
"The best way for Wipro to continue to bring thought leadership and value to our clients is by imbibing the culture of a Knowledge Driven enterprise. It is one of the reasons that we have such a strong focus on collaboration and sharing of best practices at the workplace. We are very pleased with the results and it is overwhelming to see our commitment recognized through this prestigious award," added Mr. Ved Prakash, Chief Knowledge Officer, Global IT Business, Wipro Ltd..
The Asian MAKE Awards were established in 2002. It recognizes the ability of companies to create shareholder value by transforming new as well as existing enterprise knowledge into superior products, services and solutions. Winners are nominated and chosen by an independent Asian-based panel of Fortune Global 500 senior executives and leading knowledge management and intellectual capital experts.
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies 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 Technologies has 120,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
Media Contacts: Wipro Technologies
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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.