Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Ltd. (NYSE:WIT) today announced that it was named a "Leader" by technology global research and advisory firm Forrester Research Inc. in its report "The Forrester Wave™: Business Intelligence (BI) Services Providers, Q4 2012."
Forrester Research Inc. evaluated leading BI Services providers across 53 criteria relating to current offering, strategy, and market presence based on interviews with clients. The report said that Wipro is closing the gap with MNCs investing substantially in dedicated local market consulting resources, coupled with significant amounts of industry-specific productized IP and platform BI solutions; giving clients a good mix of process consulting skills backed by leading technology.
The report also stated, "Wipro has also created numerous industry-specific solutions, such as marketing mix modeling, a “know your store” solution for retail, claims analytics for insurance, and a B2B MDM solution for hi-tech."
Elaborating on Wipro's vision and focus for BI Services, K.R.Sanjiv, Senior Vice President and Global Head, Analytics and Information Management, Wipro Technologies said, "We believe that this recognition from Forrester reflects our continuing success in complex BI engagements providing high business impact to customers. We continue to enable differentiation at the front and standardization at the core of the customer’s business, through our integrated BI offerings to drive efficiencies and enable accelerated value realization and innovation - leveraging industry solutions and emerging technologies.”Wipro offers end-to-end BI Services – comprising of Analytics, Business Intelligence and Performance Management, and Information Management services globally. Wipro has made significant investments in process and consulting assets for key industry processes such as Customer Life Cycle Management, Financial Process Transformation, Risk and Compliance and Supply Chain. About Wipro TechnologiesWipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients to do business better. Wipro Technologies 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 Technologies has 135,000 employees and clients across 54 countries. For more information, please visit www.wipro.com. Forward-looking and Cautionary StatementsCertain 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 our behalf.
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