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Partnership With Philips
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Wipro Enters Fast Growing Blu-ray Market Through Partnership With Philips
Offers Solutions Based on Blu-ray Middleware Developed by Philips, to Reduce Time-to-Market for Wipro's Customers
BANGALORE, India, April 6, 2010-- Wipro Technologies, the global IT services business of Wipro Limited
(NYSE: WIT) today announced that the company has signed a partnership
agreement with Philips to offer Blu-ray middleware and solution development
services around Philips' developed Blu-ray technology. Wipro enters the
Blu-ray market with sub-licensing rights to offer Blu-ray middleware to its
customers.
The entry barrier in this space is high due to the significant dormant
period before a company can enter into this market. Through this partnership
with Philips, Wipro will be able to reduce the time-to-market for its
customer requirements.
"Philips is happy to have this cooperation with Wipro in place" stated
Frederic Guillanneuf, Director IP Licensing, Philips Intellectual Property
and Standards. "Philips is strongly committed to Blu- ray Disc(BD); the
engagement with Wipro, a major supplier of embedded software, will
successfully support the further development of the BD market."
Commenting on this exclusive licensing agreement, Nagamani Murthy, Vice
President, Mobile, Automotive and Consumer Electronics Group, Wipro
Technologies said, "We are happy to enter the Blu-ray market with technology
as developed by Philips, a leader in Blu-ray technology. The Philips
middleware stack has established market credibility and it is a significant
addition to our portfolio of Digital TV IPs and solutions. With this
partnership, Wipro can create hybrid devices - those that integrate Digital
TVs, Set Top Boxes and Media players like the Blu-ray for our customers and
also provide niche solutions that will help them create a mark of distinction
in the market".
Wipro has been working with leading Consumer Electronics customers,
providing product design services in the areas of digital home entertainment
products and has developed and deployed several Digital TV compliant
solutions across the United States, Europe and Japan.
Wipro with its wide spectrum of competencies in the Consumer Electronics
domain has more than 30 licenses for its Digital TV middleware stacks such as
ATSC, OpenCable, DVB-T/C/S/CI, MHEG-5 and ISDB-T/S.
About Wipro
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 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 website at
http://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 http://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:
Radhika Mahadevan
Wipro Technologies
+91-9945042603
radhika.mahadevan@wipro.com
Mangala Koti Singhal
Gutenberg Communications
+91-9686446789
mangala@gutenbergpr.com
US:
Eric Belove
Wipro Technologies
+1-(732)-216-6242
eric.belove@wipro.com
Lavanya DJ
Gutenberg Communications
+1-(212)-239-8740
lavanya@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: Wipro Technologies
Media Contacts: Wipro Technologies, India: Radhika Mahadevan, Wipro Technologies, +91-9945042603, radhika.mahadevan@wipro.com. Mangala Koti Singhal, Gutenberg Communications, +91-9686446789, mangala@gutenbergpr.com. US: Eric Belove, Wipro Technologies, +1-(732)-216-6242, eric.belove@wipro.com. Lavanya DJ, Gutenberg Communications, +1-(212)-239-8740, lavanya@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
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Partnership With Philips
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Wipro Enters Fast Growing Blu-ray Market Through Partnership With Philips
Offers Solutions Based on Blu-ray Middleware Developed by Philips, to Reduce Time-to-Market for Wipro's Customers
BANGALORE, India, April 6, 2010-- Wipro Technologies, the global IT services business of Wipro Limited
(NYSE: WIT) today announced that the company has signed a partnership
agreement with Philips to offer Blu-ray middleware and solution development
services around Philips' developed Blu-ray technology. Wipro enters the
Blu-ray market with sub-licensing rights to offer Blu-ray middleware to its
customers.
The entry barrier in this space is high due to the significant dormant
period before a company can enter into this market. Through this partnership
with Philips, Wipro will be able to reduce the time-to-market for its
customer requirements.
"Philips is happy to have this cooperation with Wipro in place" stated
Frederic Guillanneuf, Director IP Licensing, Philips Intellectual Property
and Standards. "Philips is strongly committed to Blu- ray Disc(BD); the
engagement with Wipro, a major supplier of embedded software, will
successfully support the further development of the BD market."
Commenting on this exclusive licensing agreement, Nagamani Murthy, Vice
President, Mobile, Automotive and Consumer Electronics Group, Wipro
Technologies said, "We are happy to enter the Blu-ray market with technology
as developed by Philips, a leader in Blu-ray technology. The Philips
middleware stack has established market credibility and it is a significant
addition to our portfolio of Digital TV IPs and solutions. With this
partnership, Wipro can create hybrid devices - those that integrate Digital
TVs, Set Top Boxes and Media players like the Blu-ray for our customers and
also provide niche solutions that will help them create a mark of distinction
in the market".
Wipro has been working with leading Consumer Electronics customers,
providing product design services in the areas of digital home entertainment
products and has developed and deployed several Digital TV compliant
solutions across the United States, Europe and Japan.
Wipro with its wide spectrum of competencies in the Consumer Electronics
domain has more than 30 licenses for its Digital TV middleware stacks such as
ATSC, OpenCable, DVB-T/C/S/CI, MHEG-5 and ISDB-T/S.
About Wipro
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 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 website at
http://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 http://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:
Radhika Mahadevan
Wipro Technologies
+91-9945042603
radhika.mahadevan@wipro.com
Mangala Koti Singhal
Gutenberg Communications
+91-9686446789
mangala@gutenbergpr.com
US:
Eric Belove
Wipro Technologies
+1-(732)-216-6242
eric.belove@wipro.com
Lavanya DJ
Gutenberg Communications
+1-(212)-239-8740
lavanya@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: Wipro Technologies
Media Contacts: Wipro Technologies, India: Radhika Mahadevan, Wipro Technologies, +91-9945042603, radhika.mahadevan@wipro.com. Mangala Koti Singhal, Gutenberg Communications, +91-9686446789, mangala@gutenbergpr.com. US: Eric Belove, Wipro Technologies, +1-(732)-216-6242, eric.belove@wipro.com. Lavanya DJ, Gutenberg Communications, +1-(212)-239-8740, lavanya@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
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Profile: Tech
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