|By Business Wire||
|February 25, 2014 09:10 AM EST||
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company, today announced that it has been selected by Carillion, a UK based leading integrated support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities, as its sole preferred global strategic partner to provide integrated IT and BPO services. Carillion operates across multiple industry sectors in the UK, Middle East and Canada, providing a range of solutions which include project finance, design, construction and support services.
As part of the ten year engagement, Wipro will deliver operational and cost efficiency to Carillion through its outsourcing and transformation services. The engagement covers Carillion’s IT infrastructure and applications, HR (Human Resources) and F&A (Finance and Accounting) BPO services. Wipro will leverage its extensive experience in business and technology transformation, combined with platform-driven integrated delivery of IT and BPO. As a key customer of Wipro’s Engineering and Construction industry vertical, Wipro will also partner with Carillion for new joint business and technology transformation initiatives around the world.
Richard Adam, Group Finance Director, Carillion, said: “We are looking forward to working with Wipro to develop this strategic partnership which will help to support the delivery of excellent service for our customers, and open up exciting new business opportunities for both companies.”
Arjun Ramaraju, Vice President, Engineering and Construction, Wipro, said, “We are delighted to have been chosen by Carillion as their global strategic outsourcing partner. We are confident that we will be able to drive value for Carillion through our strong understanding of the Engineering & Construction domain and tested capabilities in technology and business processes. We are excited by the immense potential of this long-term strategic relationship.”
Note: The deal was mentioned in Wipro Limited's Q3 FY13-14 financial results announcement press release dated Jan 17, 2014, for the quarter ended Dec 31, 2013, with a description of Carillion but without naming the company.
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 61 countries. For more information, please visit www.wipro.com.
Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities. The Group had annual revenue in 2012 of some £4.4 billion, employs around 40,000 people and operates across the UK, in the Middle East and Canada. The Group has a sector leading capability for delivering sustainable solutions and is a member of the FTSE4Good Index.
Please visit www.carillionplc.com
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.