HELSINKI & BANGALORE, India--(BUSINESS WIRE)--
Wipro Ltd. (NYSE:WIT), a leading global Information Technology,
Consulting and Outsourcing company, today announced that it has been
selected by Outokumpu (OMX HEL: OUT1V), a global leader in stainless
steel, as its Global Prime Partner for applications maintenance and
development of legacy applications across ten countries including UK,
Poland, Italy, Spain, Germany, Sweden, Finland, USA, Mexico and China.
The multi-year contract is geared towards bringing cost efficiencies and
enabling enhanced optimization of applications within HR, Finance,
Procurement, Market & Business Intelligence, Marketing and
Communications, Supply Chain, Production and R&D, and Integration &
Platform areas, thereby helping Outokumpu with their ongoing efficiency
and cost saving measures to improve profitability.
Globally, select employees from Outokumpu IT are expected to be
transferred to Wipro. As part of the partnership they will initially
continue to be based at their current locations, with roles and tasks
that remain largely the same.
Patrik EkstrÖm, Chief Information Officer – Outokumpu, said, "As
Outokumpu continues to drive performance improvements, synergies and
cost reductions across its businesses and group functions, we want to
reiterate our commitment to invest in IT transformation and
optimization. We are pleased to bring on board a valuable partner like
Wipro to help us drive our target of becoming a profitable market leader
in stainless steel."
N S Bala, Chief Executive – Manufacturing and Hi-Tech, Wipro Ltd.,
said, "We are delighted to have been chosen as a strategic global Prime
Partner by Outokumpu in their transformational journey. Wipro will
leverage its strong understanding of the manufacturing business domain
and capabilities in new and emerging technologies to enable Outokumpu to
become more agile, and streamline information sharing across their
manufacturing value chain."
Wipro combines years of manufacturing domain experience with technology
solutions that embrace data, analytics, mobile, cloud, social networks
and high performance computing. The company offers strategic business
and technology solutions and advises customers on Business Process
Optimization & Engineering, cutting across diverse functional and
engineering areas such as Supply Chain Management (SCM), Product
Lifecycle Management (PLM) and Manufacturing Enterprise Solutions (MES).
It also enables intuitive man-to-machine interactions, provides industry
insights using analytics and drives innovation across intelligent,
connected devices for better customer experiences.
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 www.wipro.com.
Outokumpu is the global leader in stainless steel. We create advanced
materials that are efficient, long lasting and recyclable – thus
building a world that lasts forever. Stainless steel, invented a century
ago, is an ideal material to create lasting solutions in demanding
applications from cutlery to bridges, energy and medical equipment: it
is 100% recyclable, corrosion-resistant, maintenance-free, durable and
hygienic. Outokumpu employs more than 12 000 professionals in more than
40 countries, with headquarters in Espoo, Finland and shares listed in
the NASDAQ OMX Helsinki. www.outokumpu.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 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
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Source: Wipro Ltd.