State-of-the-art facility to enhance Wipro presence in Latin America.
Bangalore, India, September 11, 2007
Wipro Technologies, the global IT services business of Wipro Limited (NYSE: WIT), today announced opening of the company’s first development centre in Monterrey, Mexico. Wipro made this announcement today coinciding with the visit of Honorable Felipe Calderón Hinojosa, President of the United States of Mexico.
The high level Mexican delegation was welcomed by Azim H Premji, chairman, Wipro Limited, Dr AL Rao, Chief Operating Officer, Wipro Ltd, Ramesh Emani, President, Telecom and Product Engineering Solutions Division, Wipro Technologies and other senior management of Wipro.
The Monterrey facility provides Wipro with the dedicated resources to service clients in North America, Latin America and Europe with bi-lingual talent in a convenient time zone and close proximity. It further strengthens the company’s global delivery model capabilities and joins such new facilities already on the network such as development centers in Brazil, Europe, China, US and Canada.
"This facility will help establish our capabilities in the Central time zone which allows us to better serve our North American clients and their operations in Latin America. In addition, this centre will also strengthen our market presence in the region,” said Dr AL Rao, Chief Operating Officer, Wipro Ltd.
“I would like to congratulate the company for its development and overall for the decision to open its first development centre in Monterrey, Mexico. I am sure that this relation that has now begun will also enhance the partnership between the people of India and Mexico,” said Felipe Calderón Hinojosa, President of the United States of Mexico.
Wipro chose to establish a presence in Mexico because of the broad language skills available in the region, its geographical proximity to Canada, the U.S. and Europe. Latin America is a strong emerging market and one where many of Wipro’s clients have operations.
“We are very optimistic about the growth opportunities and potential of talent available in this region. We will recruit the best people and provide them with extensive training in our high quality delivery processes and methodologies that we deploy to successfully deliver to our customers across the globe,” said Ramesh Emani, President, Telecom and Product Engineering Solutions Division, Wipro Technologies.
During the first phase of operation, Wipro will have 100 seats. All hires will participate in the Wipro training programs to ensure global consistency.
As part of the visit, the Mexican President also met the Mexican employees who are currently in India for their induction and training.
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