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Wipro Wins Ten Year Integrated IT and BPO Contract from UK-based Carillion Plc
|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
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
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
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