Cisco Solution Centre established at Wipro Campus in Bangalore.
Bangalore, India, October 31, 2007
Cisco® and Wipro Ltd (NYSE:WIT) today announced that they have entered into a strategic alliance to jointly develop and deliver information technology (IT) service solutions to help both companies meet their customers’ needs, particularly in fast-growing markets around the world. Under the agreement, Cisco and Wipro together will build new IT infrastructure service solutions that combine Cisco’s industry-leading networking solutions with Wipro’s infrastructure and managed services portfolio. The companies also announced the establishment of the Cisco Solution Centre at the Wipro Campus in Bangalore, India, which will develop and showcase new services and solutions, such as Cisco Unified Communications, that will take advantage of the network platform to help enterprise customers drive innovation and business growth.
“Over the years, Wipro, with its expert system integration services, and Cisco, with its industry-leading products, have partnered to add value to HDFC Bank’s network strategy. Working with these two world-class organizations has been a great experience,” said Aditya Puri, managing director, HDFC Bank Ltd.
Under the agreement, Cisco and Wipro will jointly develop and deliver new solutions that incorporate their intelligent-networking technology and unmatched services in business processes and IT. Wipro will offer solutions based on Cisco products and services on a global basis, with initial focus in India, Middle East and Africa regions. Cisco will also become the preferred networking partner for Wipro’s portfolio of services, including outsourcing, managed-services and other solutions. Wipro will invest in developing competencies in Cisco’s leading-edge products and services through its Cisco Solution Centre.
“Wipro is a global leader in the industry for delivering IT services to enterprises and is implementing IT innovation that helps businesses achieve new levels of productivity,” said Wim Elfrink, chief globalization officer of Cisco. “This strategic alliance illustrates Cisco commitment to building relationships with new partners in emerging parts of the world that will take advantage of new virtualised approaches such as ‘software as a service,’ and service-oriented network architecture.”
The companies will provide joint services and solutions that take advantage of the network as a platform. The joint offerings will incorporate Cisco’s advanced technologies for such areas as application networking services, data centre, security, telepresence, and unified communications, with Wipro’s industry-leading IT global service and business process models that help customers maximize their business performance. In the future, Cisco and Wipro will collaborate to develop innovative solutions that support specific vertical industry models such as health care, financial services, retail, real estate and transportation.
“The pervasiveness and intelligence of the network is the key to driving IT innovation,” said Suresh Vaswani, president of Wipro Infotech. “This alliance brings together Cisco’s industry-leading network solutions and Wipro’s vertical expertise, quality standards and global presence to deliver innovative new solutions to our customers. We are excited by the possibility of combining the strengths of Cisco and Wipro to deliver unique value to our customers.”
Now that Cisco is the global network platform and networking solutions partner for Wipro, Cisco is able to expand on its worldwide market leadership. Additionally, Cisco will be able to take advantage of Wipro’s world class services and business process re-engineering expertise to pursue new growth opportunities in the areas of remote services delivery.
“Wipro offers a unique approach for delivering service solutions based on infrastructure. Combined with Cisco’s innovation, in making the network the platform, we know we will help meet customers’ needs around the world,” said Steve Steinhilber, vice president of strategic alliances for Cisco. “We are looking forward to working with Wipro to help us expand both our business opportunities in the high-growth emerging markets and the innovation it can bring to address unique customer requirements in those markets.”
The Cisco Solution Centre at the Wipro Campus in Bangalore, India scheduled to be functional in November and will expedite the development of network-based IT solutions, test frameworks, and illustrate proof of concepts of IT and networking methodologies for client-specific business processes.
About Cisco
Cisco Systems, Inc. (NASDAQ: CSCO), the worldwide leader in networking for the Internet, this year celebrates 20 years of commitment to technology innovation, industry leadership, and corporate social responsibility. Information about Cisco can be found at
http://www.cisco.com. For ongoing news, go to
http://newsroom.cisco.com .
About WiproWipro Technologies, a division of Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services organization globally. 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 development and maintenance 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 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 websites at www.wipro.com, www.wiprocorporate.com
Media Contacts:
India:
Sanjeeth Boloor
Wipro Technologies
+91- 9845294767
sanjeeth.boloor@wipro.com
Subramaniam
Gutenberg PR
+91 9945688111
subra@gutenbergpr.com
Ranjani S Roy,
Gutenberg Communications,
+91 9886377941,
ranjani@gutenbergpr.com
Sunanda Sanganeria,
Gutenberg Communications,
+91 9811553623,
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US
Lavanya DJ
Gutenberg PR
+ (212).239.8740
lavanya@gutenbergpr.com
UK
Rahul Kadavakolu
+44 792 020 5496
rahul.kadavakolu@wipro.com
Forward-looking and cautionary statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, , liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. For further information, please visit our websites at www.wipro.com, www.wiprocorporate.com and www.wipro.in
