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Wipro Selected As Strategic IT Applications Management Partner By Global Stainless Steel Producer, Outokumpu

Stocks in this article: WIT

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.

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