Wipro Technologies Bags Corporate University Xchange Award.
BANGALORE, India -- Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) announced that it has been awarded at the 9th Annual Corporate University Xchange (CorpU) Awards for Excellence and Innovation in Corporate Learning. Wipro was recognized with the Best Practice Award in the Corporate/College Partnerships category. Wipro is the only Indian company to win this award this year.
The prestigious CorpU Awards for Excellence and Innovation in Corporate Learning recognize global corporate and government learning organizations that create exciting, impactful programs that result in measurable improvements in employee and business performance.
"Each of these winning programs has a measurable impact on a company's ability to execute their business strategy," said Sue Todd, president and CEO of CorpU. "We congratulate them."
Wipro as a part of the nomination presented the case of the Wipro Academy of Software Excellence (WASE). WASE, an innovative work integrated collaborative learning program with BITS, Pilani championed by Wipro helps aspiring science graduates to pursue their Master of Science over a four year period. Starting with twenty five students ten years back WASE has grown from strength to strength and is today 4000+ strong spread across five locations.
Commenting on the award, Selvan D, Sr. Vice President, Talent Transformation, Wipro Technologies said, "This is a testimony to Wipro's belief in innovative practices. WASE and WASEians are synonymous with Innovation, Collaboration and Enthusiasm. I am really proud of this unique global recognition."
The competition this year was especially fierce and the number of participating companies increased by 35% from the previous year. Applicants were scored by a panel of independent, expert judges from Hitachi, Wharton, Cisco, Pfizer and other notable organizations.
Conveying his wishes to team Wipro, the Vice Chancellor of BITS, Pilani Prof. L K Maheshwari commented, "This has been possible as a result of the out of box thinking for human resources development at Wipro, the understanding and hard work put in by the teams at Wipro and at BITS and all the participating faculty members in the WASE."
About Corporate University Xchange, Inc.
Corporate University Xchange (CorpU) is the leading provider of corporate university research, benchmarking, and advisory services for helping organizations transform corporate learning. Founded in 1997, the aim of CorpU research and services is to maximize corporate investments in training and development to deliver improved business results. The company's benchmarking studies and annual awards programs set the standards for the learning industry. For more information, please visit CorpU on the web at www.corpu.com.
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 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 a 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.com and www.wiprocorporate.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 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.