Wipro Rated #1 R&D Services Provider in the ‘Global R&D Service Providers Rating’ by Zinnov, a Leading Management Consulting Firm
Technologies, the global IT services business of Wipro Limited (NYSE: WIT)
today announced that it was named the No.1 service provider in a
comprehensive ranking titled “Global R&D Service Providers’ Rating”, by
Zinnov Management Consulting Pvt. Ltd, a leading management consulting firm.
Wipro was rated as a leader in providing R&D services in the consumer
electronics, semiconductor and healthcare verticals. This was based on
Wipro’s focus on these segments with leading solutions such as Digital TV,
set-top box development, remote patient monitoring and ‘EagleWision’- Wipro’s
proprietary system design methodology. Wipro was also rated amongst the top 3
in each of the other industry segments covered as part of the study i.e.
Aerospace, Automotive, Computing hardware and software, and Telecom.
Founded in 2002, Zinnov is a leading management consulting company
providing services in the area of Offshore Advisory, Market Expansion and
Human Capital Optimization to Fortune 1000 companies. Zinnov’s methodology
for the study involved collecting data points across an exhaustive list of
parameters for the purpose of effective analysis under the two broad
categories of financial strength and capabilities. The various parameters
that were identified, covered all aspects that are indeed necessary to
understand the capabilities of any company, and weights were then assigned to
them using analytic hierarchy process (AHP) modeler.
“I would like to congratulate Wipro on making it to the top of the global
R&D service providers ranking. This first-of-its-kind study was undertaken to
help global business leaders identify the right R&D services partners who
could help them build innovative products, accelerate product development
lifecycle, access growth markets and improve customer experience,” said Mr.
Ltd.
Commenting on Wipro’s standing in the report, V R Venkatesh, Senior Vice
President & head, Product engineering services, Wipro said, “The #1 ranking
is a strong reinforcement of Wipro’s position as the largest third party R&D
services provider in the world. We have the scale and capability to be the
top choice of customers for product engineering engagements across the globe.
We continue to invest in building a collaborative product ecosystem coupled
with industry specific quality systems and a next generation IP & solutions
portfolio.”
Wipro is the world’s largest third-party product engineering services
provider. This group contributes about 20 percent of Wipro Technologies’
revenue and has 18,500 engineers working for over 200 clients. Product
Engineering is a differentiated service line for Wipro, with 30 years of
experience and has close to 99% first-pass functional success in product
development. A leader in product engineering and sustenance services, Wipro
has filed more than 66 patents in different countries and has 10 granted
patents in technology & IT services and is currently involved in over 1200
projects in R&D.
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
network integration, software solutions and IT services.
Wipro also has a profitable presence in niche market segments of consumer
products and lighting. In the
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
For more information, please visit our website at http://www.wipro.com
About Zinnov Management Consulting Pvt. Ltd:
Founded in 2002, Zinnov – meaning Zeal in Innovation – is a leading
management consulting company providing services in the area of Offshore
Advisory, Market Expansion and Human Capital Optimization to Fortune 1000
companies. Zinnov works collectively with clients to tackle prevailing
organizational challenges by analyzing the changing dynamics, improving
performance, and building institutional capability. The services delivered to
its clients through advanced reasoning and analytical techniques, provides
solutions that help in integrating organizational vision, business definition
and processes.
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
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
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.
Kinjal Chhetri
Zinnov Management Consulting
+91-9611134346
kinjal@zinnov.com
Media Contacts:
Wipro Technologies
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
+1-212-239.8740
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
SOURCE Wipro Technologies