Wipro and O2 Germany Announce Strategic Engagement

BANGALORE, India, December 17 /PRNewswire-FirstCall/ --

- A Testing Out-Tasking Partnership to Provide Improved Productivity, Reduced Cost, Higher Quality and Faster Time to Market

Wipro Technologies, the global IT services business of Wipro Limited [NYSE: WIT], announced that it has entered into a partnership for an Out-tasking of Testing Services initiative with Telefonica O2 Germany, a leading European telecommunications company. The scope of this partnership will involve Wipro Germany supporting the testing operations of O2, and transforming the same through process improvement.

Wipro will provide complete suite of solutions including Test Analysis, Management and Execution, Deployment and Integration and Implementation Management services for the testing IT stack of O2. Through this engagement, O2 benefits from Wipro's diverse experience in Telecom, access to global delivery, diverse skills, increased automation and improved Test processes, leading to overall improvement in test effectiveness and reduction of costs.

"We are pleased to partner with Wipro. We are confident that Wipro's leadership in Telecom & Independent validation services for the growing German telecommunications market will also enable our transformation journey. There is a great similarity in Wipro's and O2's approach towards innovation and delivery of superior experience to customers," said Carsten Wreth, Managing Director Service Technology O2 Germany.

"Wipro, by virtue of its convergent view of the telecom media value chain coupled with an independent testing experience is uniquely positioned to build industry specific solutions, delivering measurable business benefits like improved productivity, reduced cost and time to market for O2. This partnership will deliver next generation testing transformation to O2 by providing leading-edge services and enhanced customer experience," said Gangadharaiah CP, Senior Vice President Testing Services Wipro Technologies.

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 management, and datacenter managed 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.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects 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 fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain 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, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and 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 http://www.sec.gov. We 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. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

    For more information, please visit our website at http://www.wipro.com

    Media Contacts:

    Wipro Technologies
    India:
    Radhika Mahadevan
    Wipro Technologies
    +91-9945042603
    radhika.mahadevan@wipro.com

    Mangala Koti Singhal
    Gutenberg Communications
    +91-9686446789
    mangala@gutenbergpr.com

    US:

    Eric Belove
    Wipro Technologies
    + 1(732)-216-6242
    eric.belove@wipro.com

    Lavanya DJ
    Gutenberg Communications
    +1(212)-239-8740
    lavanya@gutenbergpr.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

SOURCE Wipro Technologies