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Wipro Acquire Fintech Service Provider Encore Theme

28Oct By PriyankaNo Comments

ACQUISITION

Wipro Acquire Fintech Service Provider Encore Theme

BANGALORE, India, 28th Oct 2020 -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global IT company acquire Encore Theme, a specialist in providing SaaS and Cloud solutions in financial services for an undisclosed amount. Over the past decade, Encore Theme headquartered in Chennai, India has focused exclusively on implementing a broad suite of Trade Finance solutions, developed by Finastra, one of the world’s largest fintech, to financial institutions across the Middle East, Africa, India, and the Asia Pacific. They have successfully delivered more than 75 large scale Finastra Trade Finance projects for banks across these regions. Financial institutions are all looking to modernize their trade platforms and focus on the end-to-end digitalization of commercial routines....

Wipro Selects Google Cloud to Advance its Digital Transformation Strategy

28Jul By AdityaNo Comments

BUSINESS

Wipro Selects Google Cloud to Advance its Digital Transformation Strategy

SUNNYVALE, Calif., July 28, 2020-- Wipro Limited, a leading global IT services company announced that it has selected Google Cloud as the cloud provider for its enterprise-wide SAP footprint. The engagement will bring SAP applications and workloads to the cloud to support Wipro's 180,000-plus employees. This latest collaboration solidifies the strategic relationship between the companies as they roll out two major initiatives across Wipro's global organization. Transforming to an Intelligent Enterprise with SAP S/4HANA and Google Cloud Wipro will modernize and transform its core ERP system to SAP's flagship S/4HANA and migrate the SAP workloads onto Google Cloud Platform (GCP). Wipro will leverage the advanced intelligent ERP from SAP, along with the flexibility and scalabilit...

Thierry Delaporte becomes new Wipro CEO and MD

29May By PriyankaNo Comments

News

Thierry Delaporte becomes new Wipro CEO and MD

IT services major Wipro has appointed Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective July 6, 2020. In January this year, the company had said its CEO and Managing Director Abidali Z Neemuchwala had decided to step down from the company. Abidali Neemuchwala will relinquish his position as CEO and MD on June 1. Rishad Premji will oversee the day-to-day operations of the company until July 5, Wipro said in a statement. "Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemini Group and a member of its group executive board. During his 25 year career with Capgemini, he held several leadership roles," it said. He also oversaw Capgemini's India operations, and led the group's transformation agenda, c...

Wipro Acquires Washington based Rational Interaction

21Feb By AdityaNo Comments

ACQUISITION

Wipro Acquires Washington based Rational Interaction

Wipro Digital, the digital business unit of IT major Wipro has acquired digital customer experience (CX) firm Rational Interaction. Wipro Digital didn't disclose the acquisition amount. Founded in 2009, Rational Interaction is headquartered in Washington and has over 300 employees. It has offices in Seattle, Bellevue, Dublin, and Sydney. "The acquisition will scale Wipro Digital's offering for Chief Marketing Officers (CMO), connecting Rational Interaction's ability to map and orchestrate the customer journey with Wipro Digital's ability to design and build experiences at global scale," a statement said. Together, the companies will provide bespoke and effective solutions for the marketing suite, it added. Rational Interaction helps brands create sustained CX program success...

Wipro CEO Abidali Z Neemuchwala Steps down

31Jan By AnkitaNo Comments

News

Wipro CEO Abidali Z Neemuchwala Steps down

In the latest development, Wipro CEO and MD Abidali Z Neemuchwala decided to step down. The firm's shares dropped 2.28 percent to Rs 235.30 on the BSE. On the NSE, it declined 2.28 percent to Rs 235.20. Wipro early on Friday announced that Neemuchwala has decided to step down due to family commitments. He will continue to hold the office of the CEO and Managing Director, until a successor is appointed for a smooth transition and to ensure that business continues as usual, the company said in a BSE filing. "We thank Neemuchwala for his leadership and his contributions to the Wipro. Over the last four years, he helped build a strong execution mindset, drove key acquisitions and scaled our Digital business globally," Wipro Chairman Rishad Premji said. Neemuchwala said the comp...

Wipro acquires global digital engineering and manufacturing group ITI

10Jun By AdityaNo Comments

ACQUISITION

Wipro acquires global digital engineering and manufacturing group ITI

Milford, Cincinnati, United States: Wipro a leading Indian information technology, consulting and business process services company announced that it has acquired International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company. ITI is a world leader in Computer Aided Design (CAD) and Product Lifecycle Management (PLM) interoperability software services. Through its key solutions for Model Based Enterprise (MBE), data interoperability and data migration, ITI provides the building blocks for Industry 4.0, to help build ‘next generation’ digital enterprises. Founded in 1983, ITI group provides software products and services to some of the world’s leading manufacturers across aerospace, automotive, healthcare, and other segments. ITI has lon...

Indian Billionaire & Wipro founder Azim Premji Set to retire

7Jun By PriyankaNo Comments

News

Indian Billionaire & Wipro founder Azim Premji Set to retire

Indian billionaire and Wipro Ltd founder Azim Premji, who turned a small maker of vegetable oil into a USD 8.5 billion software behemoth, will retire as the company head by July-end and hand over reins of the firm to his son, Rishad. Premji, who turns 74 next month, will retire as executive chairman upon the completion of his current term on July 30, 2019, after having led the company for 53 years, Wipro said in a statement. Rishad Azim Hasham Premji is Wipro's Chief Strategy Officer since May 2015 and has been on the company board since 2018. A BA in Economics from Wesleyan University in US and an MBA degree holder from Harvard Business School, he is also Chairman of National Association of Software and Services Companies (NASSCOM). Wipro board also announced that chief executive...

19Jan By Press Trust of IndiaNo Comments

News

Wipro Sees 31.8% Rise in Net Profit

IT services major Wipro Friday posted a 31.8 per cent increase in consolidated net profit at Rs 2,544.5 crore for October-December 2018 compared to the year-ago period. Wipro's board has also approved an issue of bonus shares offering one bonus share for every three held by shareholders. The net profit in the October-December 2017 quarter was at Rs 1,930.1 crore. The revenue from operations expanded 10.17 per cent to Rs 15,059.5 crore during the period under review from Rs 13,669 crore in the third quarter of FY 2017-18. "It is yet another quarter of solid execution. Our performance in both revenue and margins has been robust," Wipro CEO and executive director Abidali Z Neemuchwala told reporters here. In the constant currency terms, the IT services grew by 2.4 per cent which i...

Facebook Accelerates Outsourcing to Indian IT Firms to Manage Fraud

31Dec By Gauri SinghNo Comments

Tech

Facebook Accelerates Outsourcing to Indian IT Firms to Manage Fraud

The social networking giant Facebook has accelerated its reach to Indian IT services firms including HCL Technologies, Wipro and Tech Mahindra for the purpose of content moderation, anti-money laundering and data analytics as it faces increased global pressure and scrutiny to curb rumours as well as fraud on the platform. The social network has increased the engagement in the “the last few months” with the Indian companies. One of the executives of a tech firm said the combined contracts of Indian companies with Facebook is valued at over $400 million and would only increase as the social network seeks human help in resolving issues that it had earlier thought would be helped by technology. After the scandals broke out, Facebook founder Mark Zuckerberg had pr...

Software Giant Wipro Opens Automotive Innovation Hub in Detroit

12Dec By Gauri SinghNo Comments

News

Software Giant Wipro Opens Automotive Innovation Hub in Detroit

The software services firm Wipro has opened an automotive innovation centre in Detroit, Michigan to tap the automotive community and allied industry. The company is based in Bengaluru and stated that the state-of-the-art technology hub would deepenWipro’s relationship with Detroit’s automotive community, develop and showcase next-generation technologies and solutions for automotive original equipment manufacturers (OEMs), tier I suppliers, insurers, technology companies and others. During the starting days of 2017, Wipro opened an automotive engineering centre in Detroit, which leverages local talent for design, development and validation of automotive cockpit electronic products such as navigation systems, connectivity systems and end-to-end connected vehicle solutio...

Wipro’s Azim Premji Bestowed with the Highest French Civilian Distinction

29Nov By Gauri SinghNo Comments

News

Wipro’s Azim Premji Bestowed with the Highest French Civilian Distinction

Wipro chairman Azim Premji has been honoured with the highest French civilian distinction known as the Chevalier de la Legion d'Honneur (Knight of the Legion of Honour). He has been bestowed this honour for his contribution towards the information technology industry. Premji received the award from Alexandre Ziegler, Ambassador of France to India. “I am extremely honored by the award bestowed on me. The vibrancy of the French democracy and its diversity is an inspiration to all across the world,” Premji said. Talking about the honour, the Legion of Honour is the highest civilian award given by the French Republic for outstanding service to France which was instituted by Napoleon Bonaparte in 1802. This award is given regardless of the nationality of the recipients. “The award was b...

Wipro Ties up With an Israeli Firm for Cyber Security Solutions

6Nov By Gauri SinghNo Comments

BUSINESS

Wipro Ties up With an Israeli Firm for Cyber Security Solutions

Bengaluru-based IT company Wipro has collaborated with an Israeli company called Check Point with an objective to strengthen the delivery of cybersecurity and threat prevention solutions for customers that are investing in cloud infrastructure. With this partnership, Wipro would deliver Check Point’s advanced and dynamic cloud security solution, CloudGuard IaaS (infrastructure as a service). Also, Wipro and Check Point would enable customers to increase their investment in cloud infrastructure by defending against the most sophisticated fifth-generation cyber security threats to their cloud assets and data. “By incorporating Check Point’s cloud security solutions into our IaaS offerings, Wipro customers will now benefit from advanced fifth-generation threat prevention for virtualized ...