Wipro Boosts Intellectual Property Capabilities to Enhance Business Strategy

BANGALORE, India and EAST BRUNSWICK, New Jersey, December 13, 2013 /PRNewswire/ --

Recognized as One of Asia's Value Creation Leaders at the IP Business Congress

Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and outsourcing company today announced that it has been selected as part of the Asia IP Elite, a groundbreaking research project conducted by Intellectual Asset Management (IAM)'s editorial team.

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The IP Business Congress Asia (IPBC Asia) is an event that addresses IP value creation and is hosted by Intellectual Asset Management (IAM). The audience comprises of senior decision makers from major IP-owning companies, as well as investors, aggregators and intermediaries, and political, advisory and financial representatives. The IPBC Asia programme focuses on how companies strategically use intellectual property to secure greater operational flexibility, drive revenues, enhance bottom-line returns, increase shareholder value and gain greater leverage in financial markets.

Commenting on the occasion, Dr. Anurag Srivastava, Chief Technology Officer, Wipro said, "Wipro has been recognized as one of the 48 companies in Asia and one of only two Indian organizations that has consistently put intellectual property at the very heart of corporate strategy. We will continue to drive this momentum around our Intellectual Property, in line with our customers' changing business environment to ensure that they are able to take advantage of any shift in their markets."

The IAM editorial team researched the Asia IP Elite intensively for two months from both a qualitative and quantitative perspective to understand whether companies are engaging in constructive and sustainable use of intellectual property. The research focuses on how IP assets are being utilized and integrated into a company's overall business strategy.

"Although Indian companies are beginning to acknowledge the importance of intellectual property, Wipro is one of the two Indian companies that has been recognized as a leader in this space and can compete on an international scale," according to the IAM Editorial Team.

Link to the research process: http://www.ipelites.com/asia/methodology

About Intellectual Asset Management

IAM was launched in 2003 and is a unique resource which focuses on the many ways in which intellectual property and intangible assets can be used to drive corporate value. In-depth articles, case studies, interviews and surveys, as well as a widely read blog, provide a high-level corporate readership with cutting-edge insights into how intellectual property and other intangibles create strategic advantage, build shareholder returns, generate bottom-line revenue and provide greater leverage in the financial markets. With its unequalled appeal to the boardroom, IAM has established itself as the only IP publication that is principally read on a regular basis by senior corporate executives.    

About IP Business Congress

In 2008 IAM hosted the inaugural IPBC in Amsterdam. This was followed by sell-out events in Chicago (2009), Munich (2010), San Francisco (2011), Lisbon (2012) and Boston (2013), the latter attracting a record 640-plus attendees. In 2012, IAM hosted its first regional event in Beijing, focused on the Chinese market, attracting over 450 attendees. The IPBC Asia in Singapore is the regional follow-up. The IPBC is widely acknowledged as the world's pre-eminent IP business event brand and attracts high-level delegates from industry, finance and investment, the law, academia and government, as well as IP intermediaries and aggregators. The next IPBC Global events will be held in Amsterdam (June 2014) and San Francisco (June 2015). The next IPBC Asia will be held in Shanghai in December 2014.

About Wipro Ltd.

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 61 countries. For more information, please visit http://www.wipro.com.

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.

Wipro Media Contacts:

Vipin Nair
Wipro Limited
+91-80-39916260
[email protected]

Dirk Lewis
Wipro Limited
+91-7760983976
[email protected]

SOURCE Wipro Ltd