[January 23, 2012] |
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Wipro Collaborates with Oracle to Offer Next Generation Oracle Fusion Human Capital Management Solution
BANGALORE, India --(Business Wire)--
Wipro Technologies (News - Alert), the Global Information Technology, Consulting and
Outsourcing business of Wipro Limited (NYSE: WIT), announced the launch
of 'Wipro SprintHR', a cloud based technology offering used to
deploy Oracle Fusion Human Capital Management. It is available as a SaaS (News - Alert)
model and is designed to help enable enterprise customers transform
their HR processes. Leveraging its strong relationship with Oracle and
co-development experience on Oracle (News - Alert) Fusion Applications, Wipro
SprintHR helps significantly reduce cost and deployment timelines.
Based on Wipro's proven rapid deployment framework for cloud
applications, Wipro SprintHR is a productized service that helps
customers configure the functional scope and deploy this solution, with
little impact on business continuity. It offers a unique and powerful
blend of Fusion Human Capital Management (HCM) modules that include HCM
processes such as Talent Management, Benefits Management and Core HR
administration.
"Managing talent is critical to any business and there is a need for
rapid deployment of powerful solutions that will help customers
optimally leverage their human capital. Wipro SprintHR Solution
not only helps customers deploy a comprehensive HCM system, but will
continue to provide the latest features and functionalities of Oracle
Fusion HCM with low risk and flexible options. Also, by choosing a
simple subscription model, customers can shift from a 'capital
intensive' to a 'predictable operating expense' model with limited
investments required in advance," said Raja Ukil, Vice President
and Global Head, Oracle and Enterprise Applications, Wipro Technologies.
"In today's rapidly changing business environment, HR organizations are
responding by building 21st Century HR operations through the
adoption of new technologies, strategies and models," said Gretchen
Alarcon, Vice President, Oracle HCM Strategy. "Oracle Fusion HCM
capabilities combined with Wipro's extensive experience in optimizing
and integrating cloud based solutions, will give customers the benefit
of a modern HCM SaaS solution that can help reduce time to value."
Cloud computing is a major driver of a new wave of innovation at Wipro
and the company has helped customers adopt and integrate cloud services
into their enterprise systems. Wipro is also working closely with
customers to provideIT management services. As per a Forrester (News - Alert) report*,
the Software as a Service (SaaS) market today represents the largest
public cloud market by far, with USD 21.2 billion in total revenues in
2011. By 2016, SaaS will have total revenues of USD 92.8 billion -
accounting for roughly 26% of the total packaged software market.
Wipro is a Diamond level member of Oracle PartnerNetwork (OPN).
*Forrester Research (News - Alert), Inc. Report "Sizing the Cloud: Understanding and
Quantifying The Future Of Cloud Computing," published April 21 2011
About Wipro Technologies Wipro Technologies, the global IT
business of Wipro Limited (NYSE:WIT) is a leading Information
Technology, Consulting and Outsourcing company, that delivers solutions
to enable its clients to do business better. Wipro Technologies 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 Technologies has 131,000 employees and clients
across 54 countries. For more information, please visit www.wipro.com.
About Oracle PartnerNetwork Oracle PartnerNetwork (OPN)
Specialized is the latest version of Oracle's partner program that
provides partners with tools to better develop, sell and implement
Oracle solutions. OPN Specialized offers resources to train and support
specialized knowledge of Oracle's products and solutions and has evolved
to recognize Oracle's growing product portfolio, partner base and
business opportunity. Key to the latest enhancements to OPN is the
ability for partners to differentiate through Specializations.
Specializations are achieved through competency development, business
results, expertise and proven success. To find out more visit: http://www.oracle.com/partners.
Trademarks Oracle and Java are registered trademarks of
Oracle Corporation and/or its affiliates.
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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