Bangalore, November 12, 2007:
Wipro Infotech has been chosen as the preferred implementation partner by Futurebazaar.com, India's leading online shopping portal, a part of the Future Group, to build the next generation of the futurebazaar.com website. The group has also selected ATG Commerce suite from Boston-based ATG (NASDAQ: ARTG), the world's leading ecommerce solution provider as the platform of choice.
Wipro Infotech, which is the India, Middle East and Asia Pacific IT Business arm of Wipro Ltd., will provide an end-to-end turnkey solution that includes design, implementation, integration and sustenance of the system. The solution also uses Sun Java Caps as the integration middleware to FutureBazaar's SAP backbone.
ATG's e-commerce suite is ranked the #1 by the industry's most influential analyst firms, and powers more of the top 300 internet retailers worldwide than any other vendor. The ATG Commerce suite will allow FutureBazaar to offer a more flexible, more intuitive shopping experience to its customers with a host of new value-added features such as affinity-based recommendations, gift registries and personalised storefronts.
Commenting on the project Mr. Sankarson Banerjee, CEO, Futurebazaar.com, said, "We have always believed that investment in world-class e-commerce applications are the best way to build a truly superb customer experience. We love the passion and commitment ATG brings to its product. Wipro combines diverse worldwide experience on e-commerce practices with specific ATG competency and the ability to integrate with our SAP backbone".
Anurag Mehrotra, Vice President-UBER Relationships, Wipro Infotech said, "The retail boom in India is a reality that is spilling over the net with great alacrity. Just as location determines the success of a retailer, ease of online shopping determines the success of e-commerce venture. Wipro's wide range of service capability and proven expertise in online retail puts us in a unique position to offer Futurebazaar.com the best in ecommerce solution. We are committed to go the extra mile to build an enduring relationship with the Future Group."
"ATG has proven to be the top choice for sellers who want to make the most of their presence selling on the Web," said Cliff Conneighton, senior vice president of marketing, ATG. "We're proud that a marquee brand in India recognizes the importance of delivering powerful eCommerce capabilities while maximizing their business investments. This, once again, demonstrates our ability to provider top retailers with the versatility, strength, and customization abilities that they need to differentiate themselves within the marketplace."
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.
