Astracon and Wipro Sign Multi-Million-Dollar Deal to Provide High-Performance Service Provisioning Solution for New UK Service Provider.Business Editors & Technology Writers DENVER & BANGALORE, India--(BUSINESS WIRE)--Oct. 15, 2001 Astracon, Inc. and Wipro Technologies Wipro Tech (NYSE: WIT) is an information technology service company established in India in 1980. It is the global IT services arm of Wipro Limited (in operation since 1945, incorporated 1946). : IP-Over-Optical Service Provisioning and Activation Solution Software giant Wipro Technologies, the global IT services arm of Wipro Ltd (NYSE NYSE See: New York Stock Exchange : WIT), has chosen Astracon Inc., the leading provider of high-performance service activation OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. solutions for IP and broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. , to provide an end-to-end IP-over-optical service fulfillment solution for a large-scale UK service provider. Wipro is the lead systems integrator on the project for the new UK operator with a $70M deal to build its national optical-fiber network and supporting Operations In amphibious operations, those operations conducted by forces other than those conducted by the amphibious force. See also amphibious force; amphibious operation. Support Systems (OSSs). Wipro will integrate both the hardware and software requirements for this large-scale deployment and the project will see full network build-out and activation of an IP-over-optical network that will be launched throughout the UK. Astracon will play a key role in their delivery of the solution. Wipro has engaged Astracon as a strategic partner for the service activation portion of the UK project. Wipro selected Astracon due to the company's carrier track record in the area of automated service provisioning and activation. Astracon is an industry leader in this OSS area with a proven and hardened solution that automates the complex and disparate provisioning tasks that are required to yield consistent, high-quality user services. Both Wipro and Astracon strive to decrease or eliminate the operational expenses that can over-burden the back office of a service provider -- whether they provide retail, wholesale or business services. The Wipro-Astracon partnership provides a solid foundation from which to provide seamless service fulfillment and provisioning solutions required by service providers around the world. "Wipro technically evaluated the predominant players in the activation and provisioning market and determined that Astracon had the most robust and scalable multi-vendor, multi-technology solution available," said T.K. Kurien, Chief Executive, Wipro Technologies, Telecom Service Providers Division. "With Astracon's solution we're able to offer our client a critical market advantage due to the software's ability to automatically design, activate and monitor services end-to-end across the network and avoid the significant operational expenses tied to labor-intensive, manual provisioning processes." "We are extremely pleased to establish this strategic partnership with Wipro, a world leader in network and OSS integration, and to work on this cutting-edge IP-over-optical provisioning project," said Rob Cook, Astracon president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The partnership allows us to jointly better serve the service provider community with superior OSS solutions enabling them a faster time-to-market with out-of-the-box solutions translating to faster returns on their network investments." In parallel, the deal marks Astracon's continued penetration of the European service provider market, alongside its strategic partners. About Astracon Inc. Astracon is the leader in high-performance service activation OSS solutions for broadband and IP networks. Astracon WholesaleConnect, RetailConnect and BusinessConnect solutions activate, automate and accelerate service orders by harnessing the software's ability to create and maintain services connectivity across multi-vendor, multi-technology networks. Astracon is currently deployed in high-volume, high-production environments of the top tier of service providers -- surpassing tens of thousands of connections daily. Astracon-Activated customers include British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. , Genuity, Telstra and Verizon. OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners include Alcatel, Compaq and Telcordia. The company is backed by venture capitalists and strategic leaders: Geocapital Partners, Australasian Media & Communications Fund, Bluestem bluestem see andropogon. Capital, Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Inc., Cross Atlantic Capital Partners, Edgewater Funds, and Telcordia. Astracon's worldwide headquarters are located in Denver, Colo., with regional offices in Europe and Asia Pacific. For further information, visit Astracon's website at www.astracon.com. About Wipro Limited Wipro Limited is the first SEI CMM SEI CMM Software Engineering Institute Capability Maturity Model Level 5 certified IT Services Company globally. Wipro provides Research and Development services to Telecom and Electronic product companies and software solutions to global corporate enterprises. 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 and IT services. Wipro also has profitable presence in niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , and its equity shares are listed in India on the Stock Exchange -- Mumbai, and the National Stock Exchange, among others. For more information, please visit our website at www.wipro.com. 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these statements include, but are not limited to, risks and uncertainties regarding 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 immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. , our ability to manage our international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , 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 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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. All brand or product names are trademarks and/or registered trademarks of their respective owners. |
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