Bangalore, November 22, 2007:
Wipro today announced plans to set up a Global IT Services Center in Sydney.
The NSW Premier, the Hon Mr. Iemma and officials of Wipro Limited including Mr. Suresh Vaswani, President Wipro Infotech & President – Global IT Service lines and Mr Rajat Mathur, Chief Executive Business Solutions Division & Head of Middle East and Asia Pacific regions, met today to announce Wipro's plans to establish a Global IT Services Center in Sydney, NSW.
The centre, in Western Sydney, will provide consulting, software development and testing services to domestic and global companies in Australia.
With revenues of US$3.47 billion(06-07), and more than 80,000 professionals, the NYSE-listed Wipro Limited provides IT and consulting services to organisations globally. Wipro, a leading Indian IT company, started operations in Australia 2002 and today has a strong customer base across the region with operations in NSW and Victoria.
"We are delighted that Wipro is setting up a center in NSW. Their investment decision reinforces the NSW Government's message to Indian IT companies that Sydney is a global city offering significant opportunities to Indian IT companies," the NSW Premier, The Hon Mr. Iemma said today. "The center and Wipro's expansion plans for the region also provide an impetus to the local IT industry - both in terms of technology and innovation and employment growth."
Mr. Suresh Vaswani, President Wipro Infotech and President – Global IT Service lines said "Wipro has a sharp focus on the Australian region and increasing our regional presence is one of the key strategies for growth in the future. The development center strengthens Wipro's dominance in the region and integrates its Sydney operation with Wipro's Global Delivery Model. We are impressed with the focus of the NSW Government on information technology and are proud to be associated with them in this initiative," he said.
Mr. Rajat Mathur, Chief Executive Business Solutions and Head of Middle East and Asia Pacific region added "Innovation will underpin the growth of the centre as Wipro develops and delivers solutions adapted for the Australian market. We are also committed to nurturing local talent, recruiting and training local employees, including graduates. This will provide a great launchpad for IT graduates wanting to build a global IT career."
About Sydney, New South Wales
Sydney is Australia's oldest and largest city, set on one of the world's most stunning harbours. It is a dynamic and cosmopolitan city, blending business and education with an enviable lifestyle. Sydney has a population of 4.3 million, with a workforce that is well educated, productive and multilingual and enhanced by a culture of innovation.
Sydney is a financial hub for Australia and the Asia Pacific. It was recently ranked seventh on the Global Financial Centres Index of 46 financial centres because of its significant international role, good regulatory environment and good quality of life.
New South Wales was home to 46 percent of businesses specialising in information and communications technology in 2004-05. For further information go to
www.sydneyaustralia.com
About Wipro Infotech
Wipro Infotech, a division of the US$ 3.47 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Services, Solutions and Consulting Services in India, and provides Technology & Software Services and Consulting Services in the Middle East and ASEAN. It is the world's first Products, Services and Solutions Company to be certified, Enterprise wide at Level 5, Version 2.0 of PCMM. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It has business offices in the Middle East and Asia Pacific. Wipro Infotech is ranked No. 2 in Indian Domestic IT Services Market in 2005, according to IDC's report Indian IT Services Market Analysis 2005-10.
About Wipro Limited
Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company 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. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs 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 , and
www.wipro.in
Wipro's forward looking and cautionary statements
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 manageacquired 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.