Wipro Technologies, the global Consulting, System Integration and
Outsourcing business of Wipro Limited (NYSE:WIT), today announcedan
initiative with Oracle to jointly deliver a Warranty Management and
Analytics solution for the Industrial Manufacturing, Automotive and High
Tech industries.
“Around 4 percent of warranty claims are fraudulent, making it one of
the biggest challenges that the industry is facing today”
This combined solution will leverage Wipros deep industry expertise and
Oracles Siebel CRM applications to help streamline the warranty
management process across OEMs and their suppliers, dealer service
providers, and contract manufacturers to help reduce warranty expenses
and fraudulent claims.
Around 4 percent of warranty claims are fraudulent, making it one of
the biggest challenges that the industry is facing today, saidJohn
Barcus, Vice President, Manufacturing Industry Business Unit, Oracle.
We believe there is an immense opportunity to reduce these losses and
an effective product warranty management solutionis pivotal in helping
reduce fraud-related losses. Wipros strong domain expertise in the
Manufacturing, High Tech and Automobile industries and experience in
development and deployment of Siebel CRM applications makes it a
powerful partner for this solution.
Wipro is excited to work with Oracle in developing the Warranty
Management solution to help our customers manage their claims more
efficiently and accurately, saidN. S. Bala, Senior Vice
President, Manufacturing Industry SBU, Wipro Technologies.
We believe that a streamlined warranty process and analytics will allow
customers to better predict their warranty exposure and better manage
their warranty reserves. The solution will be hosted for demonstration
at Wipros state-of-the-art Oracle Lab, OZONE allowing our clients to
see the solution before their own infrastructure is up and running.
Wipro is a leading Oracle services provider, rated by independent
industry analysts as a leader in Oracle services. Wipro provides
services from rack to stack across Oracle product suite.
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, offeringsystem
integration, network integration, software solutions and IT services.
Wipro also has a strong 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.
Wipros 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 atwww.wipro.com.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its
affiliates.
Wipro at Oracle OpenWorld
Oracle OpenWorld conference attendees are invited to attend a
presentation to be given by N. S. Bala, Senior Vice President -
Manufacturing Industry SBU, Wipro Technologies, titled Manufacturing
2010: On the road to recovery with John Barcus, Vice
President, Oracle Manufacturing Industry Business Unit September 20,
2010 - Monday, from 12:30 PM - 1:30 PM in InterContinental Hotel,
InterContinental Ballroom A.
Attendees of Oracle OpenWorld 2010 are also invited to visit Wipro
Technologies in booth 1621, where theyll be exhibiting during the show.
For more information on Wipro in Oracle OpenWorld 2010, please go to www.wipro.com/oow10.
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
companys 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: Business Wire
