Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and outsourcing company, today announced the launch of the Wipro Co-Innovation Center for SAP Solutions in Bangalore. The focus of this partner research center for co-innovation is to drive innovation based on SAP® solutions. Wipro anticipates that participants in the center will develop best-in-class solutions based on the SAP HANA® platform, as well as next-generation technologies including mobility and analytics to offer integrated offerings based on SAP HANA for customers. The Wipro Co-Innovation Center for SAP Solutions was inaugurated today by Suresh Senapaty, Executive Director and Chief Finance Officer, Wipro, and Gerhard Oswald, member of the Executive Board and the Global Managing Board of SAP AG, at Wipro’s Electronic City campus in Bangalore. This world-class facility, located in Wipro’s campus in Bangalore, is equipped with state-of-the-art infrastructure that will enable Wipro – in cooperation with SAP – to develop use cases and conduct customer-specific demonstrations. It will also be a center for providing training and building specific competencies around new SAP products. Supported by teams of professionals from Wipro and SAP, the new center is expected to provide customers with process-specific business solutions, and thought leadership around existing and emerging SAP solution-based technologies. Wipro will focus on innovating new solutions and use cases for industries, such as utilities, mining, banking, insurance, life sciences, public sector, automotive, consumer goods and retail. Bhanumurthy B. M., Senior Vice President and Head, Business Application Services, Wipro, said, “As customers seek greater value and innovation, it is our endeavour to provide winning solutions in line with future trends. Wipro, in cooperation with SAP, believes in 'winning together' by investing in future technologies that deliver business value for our customers. The Wipro Co-Innovation Center for SAP Solutions is an excellent initiative to help drive collaboration along with SAP that we anticipate will benefit our customers tremendously.” “SAP HANA is not only the foundation for SAP solutions like SAP Business Suite but also the next-generation platform that powers new applications to solve advanced customer issues,” said Gerhard Oswald, member of the Executive Board, SAP. “Strategic partners such as Wipro will help drive the next stage of customer value by delivering SAP HANA-based applications that help meet our customers’ challenges head-on.” Wipro plans to integrate its new Wipro Co-Innovation Center for SAP Solutions in Bangalore with Wipro Co-Innovation Centre in Mountain View, Calif., to offer an extended center of research for customers globally.
About Wipro Ltd.Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing 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 140,000 serving clients across 57 countries. For more information, please visit www.wipro.com. SAP, SAP HANA and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. Business Objects, BusinessObjects and the Business Objects logo are trademarks or registered trademarks of Business Objects in the United States and/or other countries. Business Objects is an SAP company. All other product and service names mentioned are the trademarks of their respective companies. Wipro 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 our behalf. SAP Forward-looking Statement Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.