Wipro | Pixr8 News

19May By AdityaNo Comments

News

Wipro Launches Nine Solutions to Accelerate Adoption of Blockchain across Industry Sectors

East Brunswick, New Jersey, United States & Bangalore, Karnataka, India- Wipro Limited, a leading global information technology, consulting, and business process services company, today announced that it has developed nine blockchain-based solutions for the Banking Financial Services and Insurance (BFSI), Manufacturing, Retail and Consumer Goods industries. Defined, designed and co-developed with clients in Wipro’s Blockchain Innovation Lab, these solutions demonstrate what block chain can accomplish for global enterprises. The industry solutions span across areas such as Delivery v/s Payments (DvP), Tri-party collateral management, Skip Trace Consortia, Trade finance, P2P insurance for the sharing economy and Loyalty Rewards Management in the BFSI sector. Wipro has developed solution...

Wipro Fired 600 Employees Post Performance Appraisal

20Apr By Press Trust of IndiaNo Comments

News

Wipro Fired 600 Employees Post Performance Appraisal

The country’s third largest software services firm Wipro is learnt to have fired hundreds of employees as part of its annual “performance appraisal”. According to sources, Wipro has shown the door to about 600 employees, while speculation was rife that the number could go as high as 2,000. At the end of December 2016, the Bengaluru-based company had over 1.79 lakh employees. When contacted, Wipro said it undertakes a “rigorous performance appraisal process” on a regular basis to align its workforce with business objectives, strategic priorities of the company, and client requirements. “The performance appraisal may also lead to the separation of some employees from the company and these numbers vary from year to year,” it added. The company, however, did not comment on the number ...

12Apr By PriyankaNo Comments

ACQUISITION

Wipro Completes InfoSERVER Acquisition

Tech major Wipro today said it has completed the acquisition of Brazilian IT service provider InfoSERVER. The impact of the buyout will reflect in the financials of the company for the June quarter, it added. "We would like to inform that the acquisition of InfoSERVER has been completed on April 10, 2017. The impact of InfoSERVER acquisition is expected to reflect in the financials of the company for the quarter ending June 30, 2017," Wipro said in a BSE filing. In January this year, Wipro signed an agreement to acquire InfoSERVER, an IT service provider focused on the Brazilian market for USD 8.7 million. Wipro had then stated that InfoSERVER, which counts some of the largest Brazilian banks as its clients, will help it in expanding presence in that country's highly traditional a...

Wipro Collaborate With and Invests in Tradeshift

31Jan By NitishNo Comments

BUSINESS, FUNDING

Wipro Collaborate With and Invests in Tradeshift

Wipro Limited, a leading global information technology, consulting and business process services company today announced a strategic partnership with Tradeshift, the fastest growing business commerce platform, to offer cloud-based Source-to-Pay (S2P) Business Process as a Service (BPaaS) solution. The partnership aims to help customers accelerate digitalization and automation in their procurement, finance and accounting functions. Headquartered in San Francisco, Tradeshift offers a business commerce platform to digitally connect companies through cloud-based, collaborative accounts payable and procurement automation. The agreement combines the capabilities of Tradeshift’s platform with Wipro’s integrated S2P services. Wipro’s S2P solutions enable enterprises to achieve efficiencies a...

TK Kurien named Managing Partner & CIO of Premji Invest

27Jan By AnkitaNo Comments

News

TK Kurien named Managing Partner & CIO of Premji Invest

Premji Invest, the investment arm of Wipro Chairman Azim Premji, on Thursday said it has appointed TK Kurien as its Managing Partner and Chief Investment Officer (CIO) with effect from February 1. Kurien is Wipro's Executive Vice-Chairman and is set to retire from that post at the end of this month. He succeeds Prakash Parthasarathy who has decided to pursue his entrepreneurial aspirations, a release said. "I am delighted to announce the appointment of TK Kurien as Managing Partner and CIO of Premji Invest," Premji Invest Chairman Azim Premji said. "TK, with his decades of experience in running startups and established enterprises and deep financial acumen, is best positioned to take Premji Invest to the next level." "Prakash has built an excellent organisation at Premji Invest as...

Wipro Acquired Brazil Based IT Services Provider

26Jan By NitishNo Comments

ACQUISITION

Wipro Acquired Brazil Based IT Services Provider

Wipro Ltd. a leading global information technology, consulting and business process services company today signed an agreement to acquire InfoSERVER S.A. for BRL 27.6 Million (USD 8.7Mn). InfoSERVER, an IT services provider, which is focussed on the Brazilian market, provides custom application development and software deployment services. Two-decade old InfoSERVER, which counts some of the largest Brazilian banks as its clients, will help Wipro in expanding its presence in the country’s highly traditional and competitive Banking, Financial Services & Insurance market besides adding invaluable domain and process knowledge on the sector. This acquisition closely aligns with Wipro’s vision to localise, expand its presence and become a significant partner of choice in the LATAM ma...

Wipro Limited Announce Retirement of Executive Vice Chairman TK Kurien

25Jan By NitishNo Comments

News

Wipro Limited Announce Retirement of Executive Vice Chairman TK Kurien

Wipro Limited, a leading global information technology, consulting, and business process services company, today announced that TK Kurien, Executive Vice Chairman & Member of the Board will retire on January 31, 2017 after completing a distinguished career with the company. Azim Premji, Chairman, Wipro Limited said, “TK has been an integral part of the organization’s leadership for years. He has played a vital role in building and scaling many of Wipro’s successful businesses besides spearheading our transformation into a future ready organization. TK has long been a powerful voice in championing and espousing the cause of the industry in various fora around the world. I thank him and his family for his immense contribution to Wipro and wish him the very best for the next phase of h...

Wipro Secretly Acquired a US Based Cloud Service Company Appirio

21Oct By PriyankaNo Comments

ACQUISITION

Wipro Secretly Acquired a US Based Cloud Service Company Appirio

Wipro Limited, India's leading information technology, consulting and business process services company announced that it has signed a definitive agreement to acquired Appirio, for USD 500 Million. Established in 2006, Appirio, a global cloud services company that creates next generation worker and customer experiences. Appirio is headquartered in Indianapolis with offices in San Francisco, Dublin, London, Jaipur, and Tokyo and has 1250 employees worldwide. The US based company is a trusted partner to some of the world’s leading brands, including Stryker, Robert Half, Johnson Controls, Cardinal Health, Coca-Cola, eBay, Facebook, Home Depot, and Sony PlayStation. Once completed, Wipro’s acquisition of Appirio will create one of the world’s largest cloud transformation practices, a game...

Wipro Will Achieve Double Turnover to USD 15 Billion By 2020: Abidali Z Neemucchwala

20Jul By AnkitaNo Comments

Entrepreneurs Talk

Wipro Will Achieve Double Turnover to USD 15 Billion By 2020: Abidali Z Neemucchwala

Bullish on the "existing market opportunity", Wipro CEO Abidali Z Neemucchwala today said the company is confident of achieving its ambition of doubling its turnover to USD 15 billion by 2020. "I am very confident about the company's ambition (of doubling its turnover to USD 15 billion by 2020 because of the existing market opportunity. The way the market is panning out, and the investments the company is making and the structure and leadership factors it has been putting in place are being seen very positively by our customers and analysts," he told reporters after announcing financial results here. He added that the company's investments, leadership and structure that it is putting in place has been received positively by its customers and analysts. Neemuchwala said, "All these ...

Abidali Neemuchwala Wipro Draws $1.8 Mn Pay Package in FY16

28May By AnkitaNo Comments

News

Abidali Neemuchwala Wipro Draws $1.8 Mn Pay Package in FY16

In his first year at Wipro, former TCS veteran got an annual pay package of USD 1.8 million (about Rs 12.04 crore). This is higher than what his predecessor and former CEO T K Kurien earned at Bengaluru-based IT major. However, his peers at rivals Infosys and Tata Consultancy Services (TCS) have fatter pay packages. According to a regulatory filing, Neemuchwala received USD 859,079 in salary and allowances, USD 351,213 in commission/variable pay, USD 575,122 as other payouts and USD 21,216 as long-term compensation during the financial year ended March 31. Infosys Vishal Sikkas package for the year stood at Rs 48.73 crore package, while that of TCS chief N Chandrasekaran was Rs 25.6 crore (USD 3.8 million) in addition to a special bonus of USD 1.49 million. Sikka, who is credited wi...

Premji Invest: A Investment group led by Azim Premji

23Apr By NitishNo Comments

Story

Premji Invest: A Investment group led by Azim Premji

Working quietly since 2006, Premji Invest investment firm has built up positions and funded around 40 publicly listed and private companies out of a corpus of $1 billion (Rs4,290 crore). Yet, its operations are shrouded in secrecy and the firm has consciously avoided building a public profile. Premji Invest is a private equity fund owned by Azim Premji, which manages over $2 billion of Azim Premji's personal wealth by investing in capital markets and picking minority stakes in start-ups, including homegrown e-commerce companies such as Flipkart and mobile payment companies such as Chennai-based Financial Software and Systems. The investment ratio for Premji Invest is analysed as follows: Till date, more than 60% of its total cash have gone in capital markets, buying stocks of firm...