Wipro BPO, the Business Process Outsourcing arm of Wipro Technologies,
the Global Information Technology, Consulting, and Outsourcing Business
of Wipro Limited (NYSE: WIT) has been recognized by Gartner, Inc. in the
Leaders quadrant in the report, "Magic Quadrant for Finance and
Accounting (F&A) BPO, Global," authored by Cathy Tornbohm and published
May 30, 2012.
Gartner positioned Wipro in the leaders quadrant based on the evaluation
criteria of ability to execute and completeness of vision. The Magic
Quadrant evaluated vendor capabilities in the Comprehensive Finance and
Accounting business process outsourcing market among 18 providers.
As per the report, “Leaders are performing well today, both with a clear
vision of market direction and by actively building competencies to
sustain their Leaders position in the market. The comprehensive F&A BPO
players in this quadrant generally share superior market understanding,
have a global client base, an extensive network of well-distributed and
highly populated global delivery centers catering for multiple
languages, a good balance of transactional and high-end F&A delivery,
and innovative well communicated and marketed sales offerings."
Gartner defines comprehensive F&A processes as the outsourcing of three
or more finance processes to a single provider. The report also said,
“This Magic Quadrant offers a deep analysis of the competitive
positioning for comprehensive F&A BPO services by showcasing the
relative placing of the main players in the market according to a
variety of criteria, and by offering detailed strengths and cautions for
each of the included vendors."
Manoj Punja, Sr. Vice President and Global Head, Wipro BPO said, "We
believe our position in the Leaders Quadrant is testimony of our
relentless focus towards providing seamless delivery of end-to-end
Finance and Accounting (F&A) services. Our ability to leverage our
extensive technology capabilities and shaping the vision for the next
generation of F&A outsourcing is a clear differentiator. We feel this
recognition confirms our strategy and the significant investments that
we have made in our F&A practice to improve our offering and add
measurable business value to our clients."
Wipro BPO operates from 30 centers in 11 countries, including Poland,
Romania, China, Japan, Philippines, Australia, U.S, Canada, Brazil,
Mexico and India (Bangalore, Delhi, Chennai, Pune, Hyderabad, Kolkata
and Mumbai).
Wipro BPO, the Business Process Outsourcing service line of Wipro
Technologies, is one of the largest BPO service providers on a global
delivery platform. Wipro BPO services portfolio spans industry specific
solutions in Customer Contact centre (technical and non-technical; voice
and non-voice), Finance and Accounting outsourcing, Human Resource
outsourcing, Supply chain management, Research, Analytics and Social
Media Monitoring and Knowledge services including Data Management and
reporting, Legal process outsourcing, and Sales and Marketing
outsourcing.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select
only those vendors with the highest ratings. Gartner research
publications consist of the opinions of Gartner's research organization
and should not be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a particular
purpose.
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT)
is a leading Information Technology, Consulting and Outsourcing company,
that delivers solutions to enable its clients do business better. Wipro
Technologies delivers winning business outcomes through its deep
industry experience and a 360 degree view of “Business through
Technology” – helping clients create successful and adaptive businesses.
A company recognized globally for its comprehensive portfolio of
services, a practitioner’s approach to delivering innovation and an
organization wide commitment to sustainability, Wipro Technologies has
131,000 employees and clients across 54 countries. For more information,
please visit 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.
