Delivery, quality and successful collaboration key factors for four-year contract extension
LEONIA, N.J., and Bangalore, India, May 13, 2009
Infocrossing, a Wipro (NYSE: WIT) Company, and Sunoco (NYSE: SUN), a leading manufacturer and marketer of petroleum and petrochemical products, today announced a $34 million four-year contract extension and expansion of the companies’ 13-year relationship.
Since 1996, Infocrossing has provided managed infrastructure outsourcing services that have helped Sunoco access the latest technologies including servers, storage and network devices. During the 13-year relationship, Sunoco has been able to achieve operational improvements and make enhancements to the delivery of its services to its customers.
“This agreement builds on a 13-year relationship with Infocrossing,” said Peter Whatnell, CIO at Sunoco. “It is aligned with our IT roadmap and is consistent with the intent of our IT outsourcing strategy to continue working jointly with Infocrossing to manage our mainframe, UNIX and Windows environments as well as take advantage of their shared infrastructure services such as their storage arrays.”
“Sunoco’s decision to extend its agreement with Infocrossing confirms our excellent collaboration and our successful relationship as a business ally,” said Sameer Kishore, President and COO for Infocrossing, a Wipro Company. “We are certain that we will continue to make an important contribution to Sunoco’s success.”
Infocrossing, a Wipro Company, has been providing comprehensive IT management solutions for large and mid-size enterprises for more than 25 years, and operates world-class data centers throughout the United States. The company has expertise across multiple computing environments and platforms, including mainframes, iSeries, Unix, Windows and Linux servers, and offers an array of delivery models from custom solutions delivered in Infocrossing’s data centers, to remote management and cloud computing.
About Wipro
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 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 a 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.
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Media Contacts:
India
Radhika Mahadevan
Wipro Technologies
+91- 9945042603
radhika.mahadevan@wipro.com
Purvika Anand
Gutenberg Communications
+91 9901134441
purvika@gutenbergpr.com
US
Lavanya DJ
Gutenberg PR
+ (212).239.8740
lavanya@gutenbergpr.com
Eric Belove
Wipro Technologies
+ 1 (732).216.6242
eric.belove@wipro.com
UK
Rahul Kadavakolu
Wipro Technologies
+44 792 020 5496
rahul.kadavakolu@wipro.com
Shalini Siromani
Gutenberg Communications
+44.79.6066.3200
shalini@gutenbergpr.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
