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Wipro Technologies Wins Industry Award for Leadership in the Embedded/VLSI Industry Segment


December 21, 2010 - Bangalore, Karnataka, India

Wipro Technologies, the Global Consulting, System Integration and Outsourcing Business of Wipro Limited (NYSE: WIT), today announced that it has been awarded the ‘2010 Outstanding Corporate Award' for contribution to the Embedded systems and Very-Large-Scale Integration (VLSI) industry segment. The '2010 Leadership Awards for the Embedded/VLSI Industry' are administered by Mentor Graphics, and SiliconIndia. Wipro is a recognized leader in the Product Engineering Services area and has been recognized for its commitment towards delivering high-value engineering solutions that help customers to accelerate time to revenue by building the right products that suit the end users. Wipro is the world’s largest third party R&D services provider, according to a 2009 report by an independent research firm, Zinnov Management Consulting.

In the VLSI design area, Wipro works on leading edge technologies to deliver end-to-end chip design services for semiconductor companies. The Product Engineering group at Wipro also serves system companies in multiple industry verticals. Wipro has developed a collaborative eco-system of partners over the last two decades to offer turnkey solutions to customers.

Wipro’s product compliance and certification lab – ‘Tarang’ has world class facilities that help test products in aerospace, automotive, computing, consumer electronics, industrial automation, medical electronics and telecommunication industries. It is a one-stop-shop offering consultancy and pre-compliance testing in the areas of EMI/ EMC, Mechanical, Thermal, Acoustic, Safety and Reliability. Wipro also offers product certification enabling services across geographies.

This is a NABL (ISO/ IEC 17025) accredited facility.

“Wipro Technologies has been the biggest driver and motivator to most of the R&D services companies in India and across the globe. With this award it will be one more stepping stone for Wipro in the endeavor to become the largest R&D services company in the world. We salute Wipro on this significant achievement and outstanding contribution to India VLSI and Embedded Industry,” said Dr Walden C. Rhines, Mentor Graphics CEO and Chairman of the board.

Ayan Mukerji, Senior Vice President and Global Head, Product Engineering Services, Wipro Technologies, said, “We are elated by this recognition of our achievements in the Product Engineering space. This award is a strong testimony of our capability and position in the VLSI/embedded design industry and our efforts to accelerate the product life cycle, reduce product and compliance failures; and build smaller, faster and power-efficient chips. We will continue to partner with our customers to deliver industry leading solutions in embedded design as well as address their product marketing and next generation product development needs, and enable them to optimally leverage technology and become more competitive.”

The SiliconIndia Mentor Graphics Leadership Awards for the Embedded/VLSI industry are the first annual industry awards instituted for the VLSI/Embedded sector.

The winners of these awards were chosen jury panel consisting of eminent industry leaders such as Guru Ganeshan, Managing Director, ARM-India Operations; Vivek Sharma, Vice-President Asia Pacific & India Operation Director, India Research Centers, STMicroelectronics; Srini Rajam, Chairman and CEO, Ittiam Systems; Dr. Satyanarayan Gupta, CEO, Concept2Silicon Systems; Pravin Desale, Vice President, Milpitas CA (Storage Components Division), LSI; Santhanakrishnan Raman, Managing Director, LSI India R&D and Rajiv Kapur, Managing Director, Broadcom India.

About Wipro Technologies

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

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:

Dirk Lewis
Wipro Technologies
+91- 9900418208
dirk.lewis@wipro.com

Purvika Anand
Gutenberg Communications
+91 9901134441
purvika@gutenbergpr.com

US:
Kathleen Ulrich
Wipro Technologies
+1 (732) 509-1337
kathleen.ulrich@wipro.com

Kerri Hazama
Gutenberg Communications
+1 (212).810.4168
kerri@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

Source: Business Wire India

BusinessWireIndia

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