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Wipro Rated #1 R&D Services Provider in the 'Global R&D Service Providers Rating' by Zinnov, a Leading Management Consulting Firm

Posted on: Thursday, 17 September 2009, 07:59 CDT

BANGALORE, India, September 17 /PRNewswire-FirstCall/ -- Wipro 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. Pari Natarajan, Chief Executive Officer, Zinnov Management Consulting Pvt. 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 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 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 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.

SOURCE Wipro Technologies

Source: PR Newswire

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