Press release from Business Wire India
Source: WIPRO
Monday, October 25, 2010 03:00 PM IST (09:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology; Technology
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Wipro Wins Engagement with Global Financial Messaging Services Titan, SWIFT, to perform high End Testing
IT Major to do Critical Technical Qualification Testing for SWIFTReady Label Program
Bangalore, Karnataka, India, Monday, October 25, 2010 -- (Business Wire India) -- Wipro Technologies, the global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT), today announced that it has entered into a relationship with SWIFT (Society for Worldwide Interbank Financial Telecommunication), the global provider of standardized and secure messaging services to more than 9000 financial institutions in 209 countries and territories. Wipro has been selected to provide the technical qualification testing services for over 100 vendor applications that apply every year to the SWIFTReady Label program.
The SWIFTReady programme recognizes vendor products in their capacity to complement SWIFT messaging services, and to provide message processing automation in a SWIFT context. This certification is widely used and highly valued by SWIFT customers, helping them select third party products.
Application vendors gain greater visibility and trust from the SWIFT community. Wipro will perform high end technical qualification testing, a vital component of the stringent SWIFT criteria around standards, connectivity and messaging services.
SWIFT operates the SWIFTReady programme to certify business applications and middleware compliance against SWIFT requirements, verify the expertise of SWIFT service providers, and validate security and resilience standards.
"We selected Wipro to perform technical tests on partner applications for the granting of the SWIFTReady labels", says Patrik Neutjens, head of Partner Management at SWIFT. "Wipro displays the right level of expertise in terms of SWIFT Standards and financial workflows management. We are convinced that Wipro will provide the professional approach that we require for third party product validation. The program strengthens the SWIFTReady validation process and allows banks and corporate organizations to focus on their business domains while ensuring a strong compliance with SWIFT standards, messaging services and Alliance connectivity"
C P Gangadharaiah, Senior Vice President and Global Head of Testing Services, Wipro Technologies said "Wipro, being one of the pioneers of independent testing services for global clients, has made significant investments in developing test specific solutions, methodologies and tools. Leveraging an accumulated experience of 12+ years in Testing, Wipro delivers value added test life cycle services with a strong focus on the BFSI segment. SWIFT's selection of Wipro's Testing Services as their first and their only service provider, to provide technical qualification testing services is a clear approval of our capability and solutions."
The scope of this alliance is expected to grow beyond the technical qualification testing in the coming years.
Wipro Technologies, has been cited by IDC Research Inc., an independent research firm, as a leader among Tier-1 Testing Services Providers in a July 2010 report titled "IDC MarketScape : Global Testing Services, 2010 Vendor Analysis. Wipro has been ranked as a leader in the Enterprise Application Testing and the Product Engineering space.
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, offering system 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. 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 website at www.wipro.com
About SWIFT (Society for Worldwide Interbank Financial Telecommunication)
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 9,000 banking organisations, securities institutions and corporate customers in 209 countries. SWIFT enables its users to exchange automated, standardized financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
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.
Media Contacts:
Wipro Technologies
India:
Radhika Mahadevan
Wipro Technologies
+91- 9945042603
radhika.mahadevan@wipro.com
Satarupa Bhattacharya
Gutenberg Communications
+91 9886033437
satarupa@gutenbergpr.com
US::
Eric Belove
Wipro Technologies
+ 1 (732).216.6242
eric.belove@wipro.com
Lavanya DJ
Gutenberg Communications
+1 (212).239.8740
lavanya@gutenbergpr.com
UK::
Rahul Kadavakolu
Wipro Technologies
+44 792 020 5496
rahul.kadavakolu@wipro.com
Shalini Siromani
Gutenberg Communications
+44.79.6066.3200
shalini@gutenbergpr.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TECHNOLOGY
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