AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Wipro Wins Multi-Year Strategic IT Deal From Marelli

February 6, 2020 GMT

BANGALORE, India--(BUSINESS WIRE)--Feb 6, 2020--

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that Marelli has awarded it a multi-year, global, strategic IT deal.

This partnership will help Marelli to standardize, simplify and further enhance their IT services at a global level and consolidate several current vendors across applications management services & workplace end user services. Marelli is a leading global Tier-1 automotive technology supplier.

As part of this partnership, Wipro will help Marelli by leveraging its global service delivery model and automotive domain expertise and hyper-automation powered by the Wipro HOLMES™ platform.

Dario Castello, Senior Vice President - Chief Information Officer, Marelli said, “We are consolidating and further developing our IT services at a global level. This consolidation and standardisation will provide an important pillar of integration within the company. Technology will be used as a key enabler in improving operational efficiency and driving synergies across the globe. We found in Wipro the right partner for the future to enable us to drive this.”

Vinay Firake, Senior Vice President – Manufacturing Business Unit, Wipro Limited said, “We are delighted to be selected as Marelli’s strategic partner and look forward to supporting them in their challenges. Our strong capabilities, backed by extensive global experience in working with some of the biggest automotive suppliers in the world, will enable us to deliver this high value engagement for Marelli. This partnership endorses the value we bring to the automotive industry and bears testimony to our growing footprint in Italy and Japan which are strategic markets for us.”

Note :The deal was mentioned in Wipro Limited’s financial results announcement press release, dated January 14, 2020, for the quarter ended December 31, 2019 (Q3 FY19-20), with a description of Marelli, but without naming the company.

About Marelli

MARELLI is one of the world’s leading global independent suppliers to the automotive sector. With a strong and established track record in innovation and manufacturing excellence (Monozukuri), our mission is to transform the future of mobility through working with customers and partners to create a safer, greener and better-connected world. With around 62,000 employees worldwide, the MARELLI footprint includes 170 facilities and R&D centers across Asia, the Americas, Europe, and Africa, generating revenues of 14.6 Billion Euro (JPY 1,825 billion) in 2018.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 175,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200206005561/en/

CONTACT: Purnima Burman

Wipro Limited

purnima.burman@wipro.com

KEYWORD: INDIA ASIA PACIFIC

INDUSTRY KEYWORD: TECHNOLOGY AUTOMOTIVE GENERAL AUTOMOTIVE AUTOMOTIVE MANUFACTURING MANUFACTURING SOFTWARE HARDWARE ELECTRONIC DESIGN AUTOMATION DATA MANAGEMENT

SOURCE: Wipro Limited

Copyright Business Wire 2020.

PUB: 02/06/2020 08:53 AM/DISC: 02/06/2020 08:53 AM

http://www.businesswire.com/news/home/20200206005561/en