FOXBORO, Massachusetts and BANGALORE, India, June 3, 2013 /PRNewswire/ -- 5 Million USD Stake Positions Companies to Capitalize on Rapidly Growing M2M Market Wipro Ltd. (NYSE:WIT), a leading Global Information Technology, Consulting and Outsourcing company and Axeda Corporation, the leading provider of cloud-based service and software for managing connected products and delivering machine-to-machine (MM) applications, today announced that Wipro, an Axeda Platinum Partner, has made an investment in Axeda. With this investment, Wipro and Axeda will accelerate services and end-to-end solutions designed to help organizations connect with any asset, leverage real-time machine data to enhance business processes, and develop new innovative enterprise applications. (Logo: http://photos.prnewswire.com/prnh/20121129/579804 ) As a Platinum Partner, Wipro will receive top-priority commitment from Axeda and preferential benefits such as dedicated access to Axeda trained technical resources and premium support and services to drive Machine-to-Machine (M2M) initiatives. Wipro is the only Systems Integrator (SI) partner to have achieved Axeda Platinum Partner status. The Information Technology, Consulting and Outsourcing company is recognized for its global M2M expertise and solutions. Wipro has received advanced technical training on the Axeda Machine Cloud. It has demonstrated success in advanced global M2M deployments, and in leveraging the Axeda Cloud to build vertical market applications for the M2M market. Customers can team with Wipro to fulfill advanced and sophisticated M2M requirements and bring vertical M2M solutions to market more rapidly and cost effectively. The partnership gives Wipro and Axeda's customers the ability to benefit from Axeda's rapid M2M application development and Wipro's big data analytics capabilities to make more informed decisions that foster better business outcomes. "Wipro's investment in Axeda is driven by growing demand and interest for M2M solutions across verticals from global customers and partners alike. We find that customers prefer to work with mature partners like Wipro and Axeda who have the capability and experience to plan, build and integrate M2M solutions that are able to demonstrate quick business results," said Dr. Anurag Srivastava, Chief Technology Officer, Wipro. "Our strategic partnership is built on our history of combined innovation and the strong relationship between our two organizations that reaches from the field to the executive level," said Axeda's President, Todd DeSisto. "We are committed to the continued growth of our joint customer base, and the result of this investment will be a faster, more streamlined solution that is benefits-driven and poised to capitalize on rapidly evolving M2M opportunities." The Wipro and Axeda portfolio is being built and tested in Wipro's state-of-the-art M2M Center of Excellence in Bangalore. Assets include an integrated M2M stack, various deployment models and reference applications for the telecommunications, health and life sciences, manufacturing and, energy and utility markets. About Wipro Ltd.