ORLANDO, Florida and BANGALORE, India, May 19 /PRNewswire/ --
- SaaS Based Solution to Help Organizations Reduce Costs
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) today announced the launch of Hosted Document Management (HDM) solution - a cost effective enterprise document management offering based on the Software as a Service (SaaS) model. The solution was developed as a part of the strategic alliance between Wipro and EMC Corporation and leverages EMC Documentum Enterprise Content Management 6.5 - helping enterprises address the need for robust and scalable enterprise content management (ECM) solutions and to manage the increasing demand for transactional content and business process efficiencies. The solution is being launched at EMC World, 2009, EMC's international customer conference, being held at Orlando, May 18 - 21, 2009.
Wipro and EMC announced the strategic alliance in 2007 and have jointly developed innovative solutions that address unique customer requirements across geographies. With the HDM model, Wipro and EMC will provide end-to-end document management services resulting in reduced costs and complexity for the clients. Utilizing EMC Documentum enterprise content management technology, HDM is built on Wipro's SaaS platform and provides a scalable solution that simplifies the time-intensive act of data capture, management, retrieval and archival of business critical documents to make better use of valuable information assets.
The solution offers high scalability and flexibility and helps accelerate time- to-market by boarding new customers/processes in 4-6 weeks time. It allows customers to eliminate initial capital expenditure and reduce cost by over 30 per cent depending on customer requirements.
HDM automates business processes and management of transactional content without having to worry about infrastructure, labor and time to market, said Jayakrishnan Sasidharan, vice-president, Portals and Content Management, Wipro Technologies. This results in substantial cost savings for the clients and helps address their specific ECM need of managing transactional content and enhancing business process efficiency, he added.
The HDM solution can be configured to address the content management requirements of wide range of industries and business processes, including financial services, human resources, procurement, legal, manufacturing and real estate applications.
When we first announced EMC Documentum ECM 6.5, EMC truly raised the bar for the next-generation of enterprise content management - allowing IT to address today's exploding content requirements while enhancing enterprise performance, security and compliance, said Marc Burckin, Vice President Alliances, Content Management and Archiving Division at EMC. Wipro is leveraging the feedback from customers to deliver a cost-effective document management solution that provides return on investment within six months. This offering will help large organizations realize the benefits of an innovative hosted document management solution that can significantly improve the efficiency of their document intensive business process.
EMC World attendees are invited to experience Hosted Document Management solution first hand at the Wipro Technologies booth, #246.
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 development, and maintenance 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.
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.
India Radhika Mahadevan Wipro Technologies +91-9945042603 firstname.lastname@example.org Purvika Anand Gutenberg Communications +91-9886309173 email@example.com US Eric Belove Wipro Technologies +1-732-216-6242 firstname.lastname@example.org Lavanya DJ Gutenberg Communications +1-212-239-8740 email@example.com UK Rahul Kadavakolu Wipro Technologies +44-792-020-5496 firstname.lastname@example.org Shalini Siromani Gutenberg Communications +44-79-6066-3200 email@example.com
India: Radhika Mahadevan, Wipro Technologies, +91-9945042603, firstname.lastname@example.org; Purvika Anand, Gutenberg Communications, +91-9886309173 email@example.com; US: Eric Belove, Wipro Technologies, +1-732-216-6242, firstname.lastname@example.org; Lavanya DJ, Gutenberg Communications, +1-212-239-8740, email@example.com; UK: Rahul Kadavakolu, Wipro Technologies, +44-792-020-5496, firstname.lastname@example.org; Shalini Siromani, Gutenberg Communications, +44-79-6066-3200 email@example.com