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Wipro to Invest in Open Source Technologies, Methodologies and Services

Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company today announced it will make significant investments in Open Source technologies, methodologies and services.

The rapidly increasing pace of adoption of Open Source software and methodologies led by advancements in analytics, cloud computing and the emerging Internet of Things (IoT) have propelled Open Source into a core strategic technology asset for enterprises across the globe. Wipro has set up an Open Source Practice under its Business Application Services division to address this rising demand. This practice will channelize the earmarked investments towards driving growth and building industry leadership in this area.

This practice will help our customers build Open Source platforms that enable online services on a massive scale, big data platforms for batch as well as real-time streaming data, and integrated management fabrics, at beneficial price points. In addition, it will focus on Applications (Middleware, Security, Customer Experience Platforms, Mobile Frameworks), Infrastructure (Operating systems, Databases, Virtualization, Cloud Technologies, Software Defined Infrastructure), Internet of Things (IoT), Hardware and Testing. In the Product Engineering space, reusable/licensable IP blocks will help shrink product development timelines for the Consumer, Automotive and Networking market segments.

Wipro’s leadership in Open Source is reinforced by winning the prestigious “Grand Pillar Trophy” for Innovation in Information Technology - for key solutions, including the Corporate Treasury Solution which is built on Open Source, at the Golden Bridge Awards 2014.

"Wipro’s Open Source practice will offer consulting services to companies looking to adopt Open Source in their IT landscape -- from advisory and strategy to roadmap development, integration, legacy migration, deployment, governance and risk mitigation and support. The practice will spearhead multiple initiatives to build solutions, collaborate with key players and foster innovation in the Open Source domain,” said Bhanumurthy BM, Chief Executive, Application Services & Strategic Alliances, Wipro Limited.

The practice is building a team of skilled personnel, including world-class open source industry veterans and community experts. It is also investing in creating innovation labs to showcase industry solutions, real world integrations and emerging technologies.

We believe we have the strategy and technology depth to become the primary Open Source partner for global enterprises. We are building a world class team of technologists for our Open Source Initiative and recently hired an industry leader, Andrew Aitken, founder of the industry’s first strategic consultancy think-tank on Open Source, and a recognized expert on strategies for its commercialization,” said Krishnakumar N Menon, Vice President, Business Application Solutions & Open Source Initiative, Wipro Limited.

About Wipro Ltd.

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients 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 over 140,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.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.

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