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Wipro Technologies Forges Strategic Alliance With FullTilt Solutions To Provide Enterprise Product Information Management (PIM) To Consulting Clients

Posted on: Wednesday, 28 September 2005, 09:00 CDT

FullTilt Solutions, Inc., a leading provider of Product Information Management (PIM) enterprise software, and Wipro Technologies (NYSE:WIT), a global leader in the integration and deployment of strategic business solutions and technology, today announced a strategic partnership that will facilitate the use of FullTilt's top-ranked Perfect Product Suite(TM) PIM solution for organizations worldwide. FullTilt's software provides a centralized and continually updated repository of product information that streamlines internal business processes and promotes error-free electronic commerce.

Under the agreement, FullTilt has appointed Wipro as an authorized service provider and system integrator for Perfect Product Suite globally. The relationship will enable Wipro to use the FullTilt product in its growing consulting services practice as well as to influence FullTilt's product roadmap to meet the needs of its consumer packaged goods and retail clients. It will also give FullTilt customers easy access to Wipro's broad range of consulting services, including PIM and master data management.

"This strategic alliance will enable us to better serve our consumer packaged goods and retail customers by providing deep product information management capabilities," said Bhanumurthy B M, Vice President, Retail, CPG and Distribution, Wipro Technologies. "As a UCC Certified solution provider with extensive experience in master data management and a solid understanding of its place in the global IT infrastructure, Wipro is positioned to create a PIM roadmap for customers that will help provide them with a more flexible, collaborative and agile supply chain."

"The combination of Wipro's end-to-end solution delivery capabilities and FullTilt's Perfect Product Suite provides our joint clients with a one-stop shop for PIM and master data management," said Tim Wallace, CEO, FullTilt Solutions. "Wipro's market reach and rapid growth in retail and consumer goods will enable FullTilt to support and service clients desiring a deeper pool of talent and global expertise to address all their product information management needs."

As part of the agreement, FullTilt will provide training to Wipro's professional services and center of excellence teams on FullTilt's Perfect Product Suite. The partnership is expected to create new business opportunities for both companies.

FullTilt's Perfect Product Suite

Perfect Product Suite was recently ranked as the market's top PIM solution by Forrester Research. The software aggregates product information from ERP, CRM, PLM and other systems, adjusts disparate definitions to conform to a uniform standard, dynamically updates and synchronizes information of product data as it changes, and provides automated graphical workflow process management capability. It maintains all product information and links in a central repository to ensure a single source of "product truth," and exports data in any format required to synchronize with internal enterprise systems or external trading partners.

Perfect Product Suite supports both manufacturer and retail data synchronization with 1SYNC (UCCnet and Transora), ECCnet, WWRE, GHX, IDEA and others and in unlimited user-defined custom formats. For RFID implementations, it also functions as the critical back-end reference database required to maintain detailed specifications about the product, needed to better translate RFID product movement data into actionable supply chain information.

About Wipro, Ltd.

Wipro Technologies is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services for electronic product development including hardware development, VLSI/System Design and embedded real-time software development 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 in North America, Europe, Middle East and Asia Pacific. Wipro also has 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 ADSs 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, among others. More information is available at www.wipro.com.

About FullTilt Solutions

FullTilt Solutions (www.fulltilt.com) is a leading provider of enterprise Product Information Management (PIM) software solutions for the consumer packaged goods, retail, MRO, healthcare and life sciences industries. Perfect Product Suite, the company's flagship product, optimizes product information-related business processes across internal operations and external trading partners to enable perfect business-to-business commerce. FullTilt is a certified solutions provider for 1SYNC (UCCnet and Transora), and has implemented PIM solutions at organizations including McCain Foods, Premier, Inc., BDI, Brady Corporation, Thomas & Betts, Hagemeyer and ECRI.

Forward-looking and cautionary statements

Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. For further information, please visit our websites at www.wipro.com, www.wiprocorporate.com & www.wipro.co.in

FullTilt and Perfect Product Suite are trademarks of FullTilt Solutions, Inc.. All other trademarks referenced are the property of their respective owners.

Source: Business Wire

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