State-of-the-art facility will strengthen presence of major Indian company in the U.S.
Atlanta, USA, August 27, 2007
Georgia Governor Sonny Perdue announced today that Wipro Technologies, the global IT services business of Wipro Limited (NYSE: WIT), will open its new global software development center in Atlanta.
“We are proud that Georgia can offer the top-notch technology, workforce and other business assets Wipro is looking for to grow its presence in the United States,” said Georgia Governor Sonny Perdue. “I’m especially pleased about the partnership between Wipro and the University System of Georgia to train and educate close to 500 employees.”
Wipro is in the process of choosing a location in metro Atlanta for its first development center in Georgia; the center will help Wipro in hiring a certain profile of skilled workers and domain experts who will be critical to Wipro’s business growth plans in the US. The new center will also enable Wipro to move forward with its business growth strategy to invest and recruit skilled talent within the U.S. in order to provide localized and closer-to-customer service for its expanding technology services business in the Americas.
“The work we’re doing requires more and more knowledge of the customers’ businesses, and you want local people to do that,” said P.R Chandrasekar, President, Wipro Technologies. “The Atlanta center is an investment that will help Wipro’s existing customers as well as help address new business opportunities.”
Wipro chose to establish its presence in Atlanta because of the technical talent pool available in the region, given its proximity to key universities. For the first year, the Atlanta facility will hire more than 200 positions. By its third year of operation, the facility is expected to employ over 500 employees. Wipro will also set up a training center in Atlanta to provide both technical and soft-skills training to its employees in Georgia, and plans to sponsor higher education degrees for up to 40 percent of its employees for training and development.
“Wipro told us what they needed, and the University System of Georgia responded with a comprehensive workforce development program,” said Erroll B. Davis, Jr., Chancellor. “Through ICAPP (Georgia’s Intellectual Capital Partnership Program), we tapped into the resources of Georgia’s 35 public colleges and universities to find the best solution for this company. Kennesaw State University and Southern Polytechnic State University are collaborating with Wipro to create an innovative curriculum development and delivery system.”
The center is part of Wipro’s strategy to build global delivery capabilities and will significantly increase the company’s presence and base of local hires in the United States. Wipro has over 12 offices in the United States, and the Atlanta center will strengthen the company’s growing global delivery capabilities, which include development centers in Brazil, Eastern and Western Europe, China, Mexico and Canada.
Georgia Department of Economic Development (GDEcD) Statewide Project Manager Mary Z. Douglass assisted the company with its location, as did the Metro Atlanta Chamber of Commerce (MACOC).
“The Wipro investment is significant for metro Atlanta, and will create additional quality jobs coming from India,” said Hans Gant, senior vice president of Economic Development for MACOC. “Metro Atlanta continues to expand its global connections, and attract companies half a world away because we’ve got everything they need—a home base located in the heart of the nation’s fastest-growing metro area, a low cost of doing business, access to the world through our international airport and world class universities.”
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,
sunanda@gutenbergpr.com
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