BANGALORE: WiproBSE -0.21 % has sold its 8% stake in US-based startup Axeda, a person with knowledge of the matter said, with a threefold return on a small investment it made a year ago after Rishad Premji took over as head of strategy. Wipro had spent about $5 million in June 2013 for the stake in machine-to-machine learning and Internet of things solution provider, valuing it at over $50 million. The Bangalore-based company was made to exit after Nasdaq-listed PTC bought Axeda for $170 million in cash in July this year. It sold the stake to PTC.
BANGALORE: Wipro has started a threeyear exercise to become a leaner company, initiating its most ambitious reorganisation effort since it started selling computers in 1981 and presaging similar moves in an industry that has been a prolific job-creator. India’s third-largest software company employs 1.46 lakh employees and the aim, according to people familiar with the process, is to slim down by about a third without resorting to mass layoffs of the kind that IBM and Microsoft have effected this year.
BANGALORE: Michael S Dell wants to more than treble the software services revenue in a “few years”, an ambition that the entrepreneur is betting on his team of leaders handpicked from Indian outsourcing giants such as Infosys and Wipro. Significantly, the founder, chairman and CEO of the Texas-based computer hardware and services firm believes ever since going private, Dell has been able to focus more on clients without being distracted by “activist shareholders” and invest in some of the long-term strategies, including investing in cloud, security and analytics space.
BANGALORE: Indian IT companies will be fiercely competing with MNCs for five big IT contracts in Australia valued at over A$2 billion (Rs 11,000 crore). Infosys, Wipro, TCSBSE and HCL Technologies are participating alongside IBM, HP and Capgemini in request for information (RFI) and request for proposal (RFP) for incremental IT outsourcing work coming from Sydney Water, Rio Tinto, Jetstar, Aurizon and Transport for NSW, said an Australian IT consultancy firm that did not want to be named.
BANGALORE: Wipronhas won a $35-million IT outsourcing contract from Philip Morris International (PMI), the world’s biggest tobacco company. A person with knowledge of the matter told ET that Wipro’s RCTG (retail, consumer goods, transportation and government) division will provide IT infrastructure and application management to PMI for five years as part of the deal.
BANGALORE| MUMBAI:Vishal Sikka at the helm of Infosy and Rishad Premji as head of strategy at Wipro scouting to pick up stake in startups focused on disruptive technologies have made investment bankers optimistic that country’s moribund outsourcing sector could see more deals in the coming months. However, both foreign and domestic bankers believe that the small acquisitions and partnerships would not be enough and a big buy-out has to be done before the rainmak .
BANGALORE: Wipro’s investments in new technologies and platforms have generated more than ten times returns since Rishad Premji has taken over as head of strategy at the nation’s third largest software exporter. Rishad, son of chairman Azim Premji, has led the company to also invest in two startups, the valuation of one of them has more than tripled in just 12 months.
BANGALORE, INDIA: Wipro Ltd., a leading global Information Technology, Consulting and Business Process Services company and CA Technologies, has today announced that they have expanded their strategic partnership to jointly deliver next generation DevOps solutions for testing. The partnership will enable Wipro to leverage the expanded portfolio of CA Technologies, including service virtualization, release automation/continuous delivery, continuous validation and continuous monitoring solutions to help customers optimize their application development and delivery processes with a DevOps strategy.
MUMBAI: Bangalore-based IT firm Wipro expects to land bigger deals for solutions based on digital technologies like social, mobility, analytics and cloud, a sign that companies are willing to increase their spend on these discretionary areas. “While our sweet spot is deals in the $2.5-3.5 million (Rs 15-21 crore) range, we are seeing deals worth $5-10 million (about Rs 30-60 crore) in the pipeline,” Jeff Heenan-Jalil, global head of Wipro’s advanced technology solutions unit said in an ..
BANGALORE, INDIA: Wipro Ltd, a leading global information technology, consulting and business process services company today announced that it has been recognized as the ‘Best Company to Work For’, among Super Sized Organizations (organizations with more than 50,000 employees) in India, in the 2014 edition of Great Place To Work Institute India’s Best Companies To Work For – a study by Great Place To Work Institute and The Economic Times.
SYDNEY, AUSTRALIA & BANGALORE, INDIA: Wipro Ltd., today announced that it has won a transformational IT applications and infrastructure engagement from 7-Eleven, a leading convenience store chain, in Australia. The engagement is aimed at paving the way for an organisation-wide retail process re-engineering at 7-Eleven to enable it to launch new merchandise categories, improve the efficiency of existing merchandise categories, initiate real-time targeted promotions, and easily on-board new processes during mergers and acquisitions.
Bangalore, June 13 (IANS) Finnish steel major Outokumpu has selected Indian IT bellwether Wipro as IT services partner for its operations across 10 countries. “The multi-year contract envisages applications maintenance and development of legacy applications across 10 countries to ensure cost efficiencies and optimal utilisation of IT infrastructure spanning human resources, finance, procurement, supply chain, production, marketing and communications,” Wipro said in a statement here. The countries are Britain, China, Germany, Finland, Italy, Mexico, Poland, Spain, Sweden and the US.
NEW DELHI: Country’s third largest software services firm Wipro has bagged a multi-year IT infrastructure deal from specialty glass and ceramics maker Corning. Through this strategic collaboration, Wipro will make Corning’s IT services more resilient to market volatility and enhance performance and operational efficiency, the tech major said in a statement.
BANGALORE, INDIA: Wipro Ltd. has announced the launch of its ‘Finance and Accounting Business-Process-as-a-Service’ (F&A BPaaS) solution for enterprises. Developed in partnership with NetSuite, the cloud-based financials / ERP and omnichannel commerce software suites provider, Wipro’s F&A BPaaS is a comprehensive, end-to-end business process solution that can help improve business agility, user experience and process efficiency.
India’s information technology sector, after what seems like years, is back to where it once was: optimistic about the future. The Big Four of India’s software-led services industry that includes business process outsourcing (BPO) pleasantly surprised the markets this month with solid results for the January-March quarter. All four — Tata Consultancy Services (TCS), Infosys, Wipro and HCL Technologies — showed numbers that were better than analyst expectations that dispelled concerns about persisting worries in advanced economies affecting their business.