Bangalore, India, September 15, 2009
Schneider Electric, a global specialist in energy management, and IT major Wipro Ltd (NYSE:WIT), today announced that they have signed a partnership in the field of Industrial Automation. This will allow Wipro to market several of Schneider Electric’s solutions including Manufacturing Execution Systems (MES) and Supervisory Control And Data Acquisition (SCADA) in India. Under this non-exclusive agreement, Wipro will offer an additional commercial channel and outstanding project execution capability to market and deliver Schneider Electric's state-of-the-art solutions. To begin with, Wipro shall provide Schneider Electric’s Ampla MES Solution to the mining, mineral processing and metals industries. This solution helps manufacturers enhance the efficiency, productivity and reliability of their industrial operations to reduce their operating costs and improve their return on capital.
Speaking on the occasion of the signing, Mr. Michel Crochon, Executive Vice President, Schneider Electric, said, “Our partnership with Wipro is an indicator of our commitment to the Indian market. It shows our willingness to go beyond conventional business models to grow our business here. This is just the beginning of our relationship with Wipro and we look forward to a very fruitful cooperation that will benefit our customers and both of our businesses.”
Commenting on the agreement, Mr. Sreenath Venkappiah, Vice President Wipro Infotech said, “We see great synergies between Schneider Electric’s range of customer solutions, Wipro’s System Integration capabilities and our collective reach in the market. This combination will be productive for both the companies.”
Mr. Olivier Blum, Country President, Schneider Electric India said, “Wipro has a deep knowledge of the Indian market and great customer intimacy. We look forward to joining our strengths to accelerate the growth of our solutions to customers in Industry. Wipro’s matured consulting practice and proven delivery model for large and complex projects will help our collective customers make the most of their energy.”
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company's 114,000 employees achieved sales of more than 18.3 billion euros in 2008, through an active commitment to help individuals and organisations “make the most of their energy™”.
www.schneider-electric.com
About Wipro Infotech
Wipro Infotech, a division of the US$5 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Software Services, Solutions and Consulting Services in India and the Middle East. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It also has regional offices across the Middle East serving the region.
About Wipro Ltd
Wipro Limited (NYSE:WIT) 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
www.wipro.in
Wipro's 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.