Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
global information technology, consulting and business process
services company, today announced that it will deliver managed
Software-Defined Wide Area Network (SD-WAN) transformation services
to Olympus leveraging Cisco technology.
Headquartered in Tokyo, Japan, Olympus is passionate about the
solutions it creates for the medical, life sciences, and industrial
equipment industries, as well as cameras and audio products. For
more than 100 years, Olympus has focused on making people’s lives
healthier, safer and more fulfilling by helping detect, prevent,
and treat disease, furthering scientific research, ensuring public
safety, and capturing images of the world.
As a part of this engagement, Wipro will use its proprietary
managed network services solution, #WANFreedom to re-architect
Olympus’s WANs and enable support across distributed applications
in a hybrid multi-cloud environment. The new network infrastructure
will drastically improve Olympus’s application performance to
deliver superior end user experience, resulting in increased
business productivity, agility and reduced costs for IT.
The managed services model allows Wipro to deliver optimal
cost-effectiveness and reliability to its customers by monitoring,
maintaining, and managing services continuously. Wipro's managed
SD-WAN #WANFreedom services are enabled by Cisco's global Secure
SD-WAN Managed Services Partner (MSP) Program.
Stephen Kneebone, Global CIO, Olympus, said, “As we move
into a world where businesses are focused on being more resilient
by accelerating digital transformation, we believe that we are
keeping pace with the change. Our cloud adoption and application
migration initiatives demand high performance from the network.
With Wipro, we have embarked on our WAN transformation journey that
improves application experience and reduces our OPEX as Wipro’s
#WANFreedom solution standardizes our global WAN spread across 40+
countries. Wipro’s centralized platform for contract management
will consolidate our service providers and is expected to provide
up to a 30 percent cost reduction.”
Kiran Desai, Senior Vice President, Cloud and Infrastructure
Services, Wipro Limited, said, “We are excited to be selected
by Olympus as their SD-WAN transformation partner. Wipro’s
#WANFreedom provides comprehensive lifecycle services spanning
consulting, planning and design, implementation, and managed
network services. Our as-a-service model powered by integrated
automation platform will create a cognitive digital networking
infrastructure for Olympus, which is secure and dynamic. Its
enhanced capabilities will help Olympus gain flexibility to access
multi-cloud services, reduce overhead, and support new applications
in its digital transformation journey.”
Scott Harrell, Senior Vice President and General Manager of
Cisco's Intent-Based Networking Group, said, "As organizations
adopt the cloud for key applications, their WAN architecture must
also evolve to provide the best experience for their users and
improved efficiency for their organizations. Agility and security
are paramount in this transition. Through Cisco's secure SD-WAN
technology and Cisco's new Service Creation Program for partners,
Wipro can help customers like Olympus secure their connectivity to
multiple clouds, optimize their application experiences and
accelerate their digital transformation journeys."
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 180,000 dedicated employees serving clients across six
continents. Together, we discover ideas and connect the dots to
build a better and a bold new future. For more information, please
visit www.wipro.com.
Forward-looking and Cautionary Statements The
forward-looking statements contained herein represent Wipro’s
beliefs regarding future events, many of which are by their nature,
inherently uncertain and outside Wipro’s control. Such statements
include, but are not limited to, statements regarding Wipro’s
growth prospects, its future financial operating results, and its
plans, expectations and intentions. Wipro cautions readers that the
forward-looking statements contained herein are subject to risks
and uncertainties that could cause actual results to differ
materially from the results anticipated by such statements. Such
risks and uncertainties include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue and
profits, our ability to generate and manage growth, complete
proposed corporate actions, 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. The conditions caused by the COVID-19
pandemic could decrease technology spending, adversely affect
demand for our products, affect the rate of customer spending and
could adversely affect our customers’ ability or willingness to
purchase our offerings, delay prospective customers’ purchasing
decisions, adversely impact our ability to provide on-site
consulting services and our inability to deliver our customers or
delay the provisioning of our offerings, all of which could
adversely affect our future sales, operating results and overall
financial performance. Our operations may also be negatively
affected by a range of external factors related to the COVID-19
pandemic that are not within our control. Additional risks that
could affect our future operating results are more fully described
in our filings with the United States Securities and Exchange
Commission, including, but not limited to, Annual Reports on Form
20-F. 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/20201116006120/en/
Media Contact: Shraboni Banerjee Wipro Limited
shraboni.banerjee@wipro.com
Wipro (NYSE:WIT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wipro (NYSE:WIT)
Historical Stock Chart
From Apr 2023 to Apr 2024