Wipro, Zafin Labs in partnership to deliver Revenue Generation and Assurance solutions

Wipro Technologies, the Global IT Services Division of Wipro Limited (NYSE: WIT) and Zafin Labs, today announced the signing of a strategic partnership to jointly deliver solutions using Zafin’s miRevenue suite to help financial service providers accelerate the roll out of strategies for product and pricing innovation, customer retention, acquisition and plugging revenue leakages.

The systems environment existing at most of the Financial Service Providers today is distributed and heterogeneous, thus hindering roll out of programs essential for the strategic growth plans. The key is to have a non invasive solution that can work with existing applications and offer a platform for the financial institution to effectively deliver customer-led product pricing and bundling strategies aimed at intelligently informed and individually crafted approach for achieving cost effective revenue growth.

Mr. Al Karim Somji, CEO, Zafin Labs, said, “Wipro with its significant experience in delivering integrated solutions for the financial services industry will help global financial services customers effectively leverage the benefits of our miRevenue suite.”

The competitive advantages of being able to provide ‘the right products and services, at the right price, in the right channel, at the right time, to the right customers’ by overcoming technology challenges to become a leader is clearly substantial in today’s competitive market.

According to Mr. Soumitro Ghosh, Senior Vice President, Banking and Insurance, Wipro Technologies, “miRevenue is a highly innovative solution that allows financial institutions to differentiate themselves from product, pricing and service perspective resulting in revenue & customer growth while tremendously improving time to market and mitigating revenue leakages. miRevenue is an important addition to our solution set for global financial services customers”.

miRevenue offers customers the appropriate balance of time-to-market and return-on-investment, delivering transformational business benefits.

About Wipro Ltd.

Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. 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 development and maintenance services to corporations globally.

In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable 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. Wipro’s 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 websites at www.wipro.comhttp://www.wiprocorporate.com

Media Contacts:
India: Sanjeeth Boloor, Wipro Technologies, +91- 9845294767,sanjeeth.boloor@wipro.com

Sunanda Sanganeria, Fortex Group, +91 9811553623,sunanda@fortexgroup.com

US: Harjiv Singh, Fortex Group, + 1 917 623 7793,harjiv@fortexgroup.com

UK: Julia Vockrodt, VP Communications, +44 208 964 0260

Forward-looking and cautionary statements

Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, , liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. Wipro 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.  Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. For further information, please visit our websites at www.wipro.com,www.wiprocorporate.com and www.wipro.co.in