BWI: Wipro Launches “Wipro RAPIDS”- a Service Product to Enable Communication Service Providers to Rollout New Services Quickly and Cost Effectively

Press release from Business Wire India
Source: WIPRO
Friday, February 13, 2009 08:01 PM IST (02:31 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Telecommunications; Technology
Release no: 19237
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Wipro Launches "Wipro RAPIDS"- a Service Product to Enable Communication Service Providers to Rollout New Services Quickly and Cost Effectively
Reduced Time-to-Deploy and Cost-to-Deploy

Bangalore, Karnataka, India, Friday, February 13, 2009 -- (Business Wire India) -- Wipro Technologies the global IT services business of Wipro Limited (NYSE: WIT), today announced the launch of Wipro RAPIDS (Rapid Application Integration & Deployment Solution) a B/OSS(BSS Billing support Systems ) and OSS(Operational Support Systems) solution for communication service providers to rollout services quickly and cost effectively. This is an ideal solution for existing operators in midsized mature markets and Greenfield operators in emerging markets and is expected to reduce the Time-to-deploy by approximately 50% and Cost-to-deploy by approximately 30-40%.

Wipro RAPIDS service product is part of Wipro's Performance and Capital Efficiency (PACE) campaign which is targeted at providing new suite of transformational services to help CXO's realize their strategic imperatives like streamlining operations, reduced time to market and lowering costs .The aim is to help companies thrive even in today's challenging economy with a quick return on investment, often in a year or less.

"We are pleased to announce the launch of 'Wipro RAPIDS' as a response to customer evolving demands." said T K Kurien, President Wipro Consulting Services, Global Programs & Strategic Initiatives. "Wipro's leadership in telecom domain and experience spanning over two decades helps us in providing superior business value to the next generation communication service providers"

Wipro RAPIDS is an integrated solution comprising of best of breed application platforms and Wipro component frameworks. It is aimed to provide Innovative features and functionalities that are typically required for launch of next generation converged services. It has been created in Wipro's Communication & Media CoE (Centre of Excellence) on industry standard COTS products from leading vendors and consists of CRM, Order Management, Rating & Billing and Service Assurance components. This is augmented with Multi Channel Web Portal Framework, Business Intelligence framework, Process Library and Interface definitions from Wipro to provide a comprehensive B/OSS solution for Communication Service Providers.

Angel Dobardziev, Practice Leader, Emerging Markets at Ovum suggests: Ovum's extensive research in emerging markets suggest a strong service provider need for integrated solutions that will enable them to address new markets, and customers segments, quickly as well as at lower cost. This is particularly important for profitably targeting additional new users in the bottom of the customer pyramid, as outlined in our recent study 'Low ARPU users: best practice strategies.

Wipro will showcase the solution concepts of "Wipro RAPIDS" at Mobile World Congress, Barcelona, 16th Feb-19th Feb 2009 in their Hospitality Suite 4.3 HS 40, Hall 4, Level 3.

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 and www.wiprocorporate.com.

About Ovum:

Ovum is a global advisory and consulting firm. Its primary activity is providing value-added advisory services and consulting to retained and project clients. The company acts as a well-respected and trusted source of industry data, knowledge and expertise on the commercial impact of technology, regulatory and market changes. Ovum engages in continuous research and industry analysis to determine market dynamics in its specialist sectors.

Ovum has developed long-standing relationships with many of its corporate clients, which include major international blue-chip companies such as Alcatel-Lucent, AT&T, BT, Cable & Wireless, Cisco Systems, Deutsche Telekom, Fujitsu, HP, IBM, Microsoft, Telstra and Vodafone.

Ovum is part of the Datamonitor Group.

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:
For any media queries and scheduling of meetings with senior management at the Mobile World Congress, Barcelona, please contact

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

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
+1 (212).239.8740
lavanya@gutenbergpr.com

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


UK:

Shalini Siromani
Gutenberg Communications
+44.79.6066.3200
shalini@gutenbergpr.com



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

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