Bangalore, India - October 13, 2010:
Wipro Technologies, the global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT), announced today that it has been recognized as a winner of the prestigious Asian MAKE (Most Admired Knowledge Enterprise) Award administered by Teleos, an independent research firm based out of the UK. Wipro was especially noted for its outstanding accomplishments in creating a knowledge-driven enterprise culture, ensuring enterprise-wide collaboration and knowledge sharing and driving organizational learning. This is the 8th time in a row that Wipro has been ranked among the Asian MAKE winners, making it the only Indian IT company to achieve this distinction.
Wipro is also the only Indian company to be granted a patent on KM by the US Patent and Trademark Office in February 2010 for “Business-aligned Knowledge Management System and Method for Creating the same”. It has been an acknowledged leader in creating organizational intellectual capital and has also consulted customers across various industry sectors such as Banking, Securities, Telecom, Infrastructure, Manufacturing and Utilities on formulating knowledge management (KM) strategies and roll-out of enterprise-wide KM programmes.
Commenting on Wipro’s inclusion among the Asian MAKE winners of 2010, Rory Chase, managing Director of Teleos said, “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. Wipro has consistently imbibed a culture of knowledge sharing and the panel acknowledges its facilitation of seamless knowledge exchange across its diverse workforce, customers and partners, leading to superior products, services and solutions.”
Mr Ved Prakash, Chief Knowledge Officer of Wipro’s Global IT Business, expressed happiness at the recognition, saying “I am delighted at Wipro being honoured with the Asian MAKE Award once again. Knowledge Management in Wipro is closely aligned to business goals and this has created visible value for our stakeholders. Our customers have benefited from enhanced knowledge retention, organizational best practices, access to wider pool of experts and cross leveraging of knowledge across different groups in Wipro. This award is indeed a testimony to our efforts in this direction over the years.”
The Asian MAKE Awards, established in 2002, recognize the ability of companies headquartered in Asia 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. Wipro has also been a Global MAKE winner thrice.
Teleos is an independent knowledge management and intellectual capital research firm, administers the Most Admired Knowledge Enterprises (MAKE) program. The KNOW Network is a Web-based global community of organizations dedicated to achieving superior performance through benchmarking, networking and best practice knowledge sharing.
The MAKE research program, conducted in association with The KNOW Network, consists of the annual Global MAKE study - the international benchmark for world-class knowledge-driven organizations - and regional/national MAKE studies.
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 strong 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.
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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.