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Wipro Partners With OpenLink For IT Services For Energy/Commodity Trading And Risk Management

Stocks in this article: WIT

Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced a global strategic consulting partnership with OpenLink, the global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries. The services provided by this alliance will serve customers across the energy and commodity sectors.

This year, OpenLink has invested in building an alliance program that will support its accelerated growth plans and both companies will collaborate in the area of technological innovation as well as complement each other in terms of domain expertise. Wipro’s global delivery footprint will give OpenLink service spread across the world for its customers. Wipro and OpenLink will work towards creating service excellence for customers, especially in the area of testing services, product upgrades and support services.

A key focus of Wipro’s centralized CTO office is technology innovation and that will be leveraged for customers in areas like analytics, dashboard, visualization, cloud, mobility, etc. Both companies will identify co-development opportunities based on market needs, that will benefit a larger customer base.

Anand Padmanabhan, Chief Executive, Energy, Natural Resources & Utilities Business Unit, Wipro Limited, said, “Wipro has a dedicated global Energy/Commodity Trading and Risk Management centre of excellence that will give the right impetus to this alliance for creating a scalable service delivery framework for customers.”

“By pairing OpenLink’s award-winning energy/commodity trading and risk management platform with Wipro’s tried, tested and successful global delivery model, our customers can derive more value through a lower TCO (Total Cost of Ownership),” said Dr. Mark Greene, CEO, OpenLink. “We are excited about this partnership and are looking forward to working with Wipro.”

About Wipro Ltd.

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients to 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 over 140,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com.

About OpenLink

Founded in 1992, OpenLink ( www.OpenLink.com) is the global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.

Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.

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