(Source: Business Wire)
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), announced that it has entered into a five year agreement with BP to provide IT Applications Development and Maintenance (ADAM) services for BP's Fuels Value Chain and Corporate businesses globally.
Over the last 12 months BP has undertaken a programme to consolidate its IT ADAM vendors. Wipro has been selected as a strategic partner after a rigorous selection procedure which assessed the IT major on its IT capabilities, domain knowledge of the Oil and Gas sector and proven past record of operational transformation for customers. Wipro will support BP in its agenda of IT standardization, simplification, and achieving corporate efficiency. This agreement significantly expands the scope of partnership between Wipro and BP to additional business segments and newer geographies.
Dana Deasy, BP Group CIO, said: "I've been very pleased with the quality of Wipro's proposal and to have selected them as a strategic ADAM vendor for BP's global Fuels Value Chain and corporate businesses. We look to benefit from Wipro's knowledge of the Oil and Gas sector in maintaining our Fuels Value Chain IT systems, as well as leveraging their expertise to deliver new IT solutions. This contract provides BP with a significant opportunity to simplify and streamline processes to drive out cost."
Suresh Vaswani, Joint CEO IT Business, Member of the Board, Wipro Limited, said, "We are delighted to have been chosen as a strategic partner by BP. This not only strengthens our existing relationship with them but significantly expands the scope to help BP in its transformational journey. Our extensive capabilities and experience in Oil and Gas domain will enable us to deliver significant value to the energy major's business."
Through this agreement, Wipro is committed to provide benefits of scale and efficiency by leveraging its robust global delivery model which will look at delivering services from locations across the globe for BP.
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.
