Unisys and Wipro Form Global Alliance for Integrated Delivery of Managed Services.Jointly Sign Initial Outsourcing Engagement for Fortune 500 Company; Unisys Share of Total Contract Value Estimated at $27.5 Million over 5 Years BLUE BELL, Pa. -- Unisys Corporation (company) Unisys Corporation - The company formed in 1984-5 when Burroughs Corporation merged with Sperry Corporation. This was when the phrase "dinosaurs mating" was coined. (NYSE NYSE See: New York Stock Exchange :UIS (graphics, programming) UIS - A VMS graphics programming interface package for VAXstations. ) today announced a global alliance with 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). , the Global IT Services Business of Wipro Ltd. (NYSE:WIT) to establish an integrated means to execute go-to-market and delivery activities for managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality . The two companies will seek opportunities to provide a range of IT services, drawing on their complementary strengths, to enterprise and public sector clients. Under the terms of the alliance, Wipro Technologies will work with Unisys to jointly provide deskside and hardware support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services and multi-lingual service desk services for global customers. "This integrated delivery engine draws on the complementary capabilities of Wipro and Unisys and provides our customers with a unified global delivery platform for managing their infrastructure outsourcing," said G K Prasanna, senior vice president, Technology Infrastructure Services, Wipro Technologies. "This will help both Wipro and Unisys drive quantum business improvements for our customers through improved resource management, stronger governance and lower TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ." The alliance has already yielded a major engagement in which Unisys will be a subcontractor to Wipro in providing managed services to a Fortune 500 company based in 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. . Wipro and Unisys will support more than 20,000 of the company's employees in the United States, Canada and the United Kingdom. Unisys estimated share of the five-year contract, which was signed in the third quarter of 2006, is approximately $27.5 million. Under the terms of its subcontract with Wipro, Unisys, as Wipro's subcontractor, will provide the client with non-remote support services, including maintenance for desktops and servers; deskside support; equipment installs, moves, adds and changes (IMACs); and tape exchanges at data centers. Wipro will handle remote services, including remote server management and service desk/help desk support. "Unisys and Wipro share a mutual, passionate commitment to customer service and innovation," said Randy Hendricks Randy (Randal) Hendricks (b. November 18, 1945 in Missouri) is an attorney and sports agent considered a pioneer in the field of sports representation. He is managing partner of Hendricks Sports Management in Houston, Texas. , president, Unisys Global Outsourcing and Infrastructure Services. "Together we are able to create significant business value for our clients worldwide through a broad range of IT outsourcing solutions, leveraging each company's services and providing greater value than that of their individual parts." About Wipro Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM PCMM People Capability Maturity Model PCMM Packet Cable Multi-Media Level 5 and SEI CMM SEI CMM Software Engineering Institute Capability Maturity Model Level 5 certified IT Services organization 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 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. For more information, please visit our websites at www.wipro.com and http://www.wiprocorporate.com. About Unisys Unisys is a worldwide technology services and solutions company. Our consultants apply Unisys expertise in consulting, systems integration, outsourcing, infrastructure, and server technology to help our clients achieve secure business operations. We build more secure organizations by creating visibility into clients' business operations. Leveraging the Unisys 3D Visible Enterprise approach, we make visible the impact of their decisions - ahead of investments, opportunities and risks. For more information, visit www.unisys.com. Forward-Looking Statements Any statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. All forward-looking statements rely on assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. In particular, statements in this release regarding the estimated value of the agreement to Unisys are based on assumptions regarding future volumes of business and performance of the agreement for its full term. Because these volumes are subject to change and because the agreement is terminable ter·mi·na·ble adj. 1. Possible to terminate: terminable activities; terminable employees. 2. Terminating after a designated date: a terminable annuity. by Wipro for convenience before the end of its term, the estimated value of the engagement is not guaranteed. Additional discussion of factors that could affect Unisys future results is contained in periodic filings with the Securities and Exchange Commission. RELEASE NO.: 1206/8735 http://www.unisys.com/about__unisys/news_a_events/12068735.htm Unisys is a registered trademark of Unisys Corporation. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders. |
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