BWI: Wipro Named a Strong Performer by Independent Research Firm in Global Information Security and IT Risk Consulting Space Report Q1 2009

Press release from Business Wire India
Source: WIPRO
Tuesday, March 31, 2009 06:21 PM IST (12:51 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology; Technology
Release no: 19582
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Wipro Named a Strong Performer by Independent Research Firm in Global Information Security and IT Risk Consulting Space Report Q1 2009
Report Quotes "Wipro has set itself apart from other Offshore Providers with its Emphasis on Security"

Bangalore, Karnataka, India, Tuesday, March 31, 2009 -- (Business Wire India) -- Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) today announced that it was named a strong performer in global Information Security and IT Risk Consulting space in the recently published market assessment report, 'The Forrester WaveT: Information Security And Risk Consulting, Q1 2009 (March 2009).'

Forrester included 15 service providers in the assessment - only the strongest global firms with a track record of success in the security and risk consulting space were included in this report. The report quoted, "Wipro has set itself apart from other offshore providers with its emphasis on security."

Wipro had the highest score in strategic growth plans in both segments of the report - IT risk consulting and Information security consulting. The report stated, "Wipro continues its rapid expansion in the European and North American markets.Wipro is ideal for organizations looking for a mix of onshore and offshore capabilities and companies that are comfortable with offshoring some or all of their tasks."

The report also highlighted Wipro's commitment to the customer by stating "Wipro offers great technical insight and willingness to work with its customers. Wipro does provide a unique value proposition in taking on multi-year commitments and passing on the cost benefits to clients". The report adds "Companies looking to integrate their technologies and process for IT GRC (Governance, Risk, and Compliance) should take a look at Wipro."

Elaborating on Wipro's vision for Security and Risk Consulting, Prasenjit Saha, Vice President - Enterprise Security Services, Wipro Technologies, said "Information and Risk Security is a strategic corporate objective and we have consistently grown our services with proven solutions to address security needs of organizations. We have effectively combined our deep technical expertise, solution accelerators, managed services that provide CAPEX and OPEX optimization and higher ROI to our customers. This recognition from Forrester reflects our continuing success in complex engagements to provide distinctive value to customers."

Wipro has been a leader in pioneering and promoting the global security and risk consulting space. With over 25 years experience it provides end to end services from consulting to integration to managed services in the security space.

About Wipro

Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance services to corporations globally.

In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services. Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.

For more information, please visit our websites at
www.wipro.com

www.wiprocorporate.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.

Media Contacts:

Wipro Technologies
India:

Radhika Mahadevan
Wipro Technologies
+91 9945042603
radhika.mahadevan@wipro.com

Purvika Anand
Gutenberg Communications
+91 9901134441
purvika@gutenbergpr.com

US:

Lavanya DJ
Gutenberg Communications
+ 212.239.8740
lavanya@gutenbergpr.com

Eric Belove
Wipro Technologies
+ 1 (732).216.6242
eric.belove@wipro.com

UK:

Rahul Kadavakolu
Wipro Technologies
+44 792 020 5496
rahul.kadavakolu@wipro.com

Shalini Siromani
Gutenberg Communications
+44.79.6066.3200
shalini@gutenbergpr.com



KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TECHNOLOGY, 507685.BO

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