BWI: Wipro Enters into a Strategic Partnership with BP

Press release from Business Wire India
Source: WIPRO
Wednesday, August 26, 2009 05:30 PM IST (12:00 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Chemicals, Energy companies, Information technology; Technology
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Wipro Enters into a Strategic Partnership with BP


Bangalore, Karnataka, India, Wednesday, August 26, 2009 -- (Business Wire India) -- Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) announced that it has entered into a five year agreement with BP to provide IT Applications Development and Maintenance (ADAM) services for BP's Fuels Value Chain and Corporate businesses globally.

Over the last 12 months BP has undertaken a programme to consolidate its IT ADAM vendors. Wipro has been selected as a strategic partner after a rigorous selection procedure which assessed the IT major on its IT capabilities, domain knowledge of the Oil and Gas sector and proven past record of operational transformation for customers. Wipro will support BP in its agenda of IT standardization, simplification, and achieving corporate efficiency. This agreement significantly expands the scope of partnership between Wipro and BP to additional business segments and newer geographies.

Dana Deasy, BP Group CIO, said: "I've been very pleased with the quality of Wipro's proposal and to have selected them as a strategic ADAM vendor for BP's global Fuels Value Chain and corporate businesses. We look to benefit from Wipro's knowledge of the Oil and Gas sector in maintaining our Fuels Value Chain IT systems, as well as leveraging their expertise to deliver new IT solutions. This contract provides BP with a significant opportunity to simplify and streamline processes to drive out cost."

Suresh Vaswani, Joint CEO IT Business, Member of the Board, Wipro Limited said, "We are delighted to have been chosen as a strategic partner by BP. This not only strengthens our existing relationship with them but significantly expands the scope to help BP in its transformational journey. Our extensive capabilities and experience in Oil and Gas domain will enable us to deliver significant value to the energy major's business."

Through this agreement, Wipro is committed to provide benefits of scale and efficiency by leveraging its robust global delivery model which will look at delivering services from locations across the globe for BP.

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 management, and datacenter managed 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 BP

BP is one of the world's largest oil and gas companies, serving millions of customers every day in more than 100 countries across six continents. BP's business segments are Exploration and Production; Refining and Marketing; and Alternative Energy, its low-carbon energy business. Through these activities, BP provides fuel for transportation; energy for heat and light; retail services; and petrochemicals products for textiles and packaging.

Learn more about BP at www.bp.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:

India:

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

Mangala Koti Singhal
Gutenberg Communications
+91 9686446789
mangala@gutenbergpr.com

US

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

Lavanya DJ
Gutenberg Communications
+ (212).239.8740
lavanya@gutenbergpr.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, CHEMICALS, ENERGY, IT, TECHNOLOGY, WIPRO.BO, WIPRO.NS

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