New Office establishes No-Shore Delivery in Twin Cities to Drive Innovation with Clients Locally & Globally
MINNEAPOLIS and BANGALORE, India, June 13, 2019 /PRNewswire/ -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it will be opening a new center of excellence for clients in the Minneapolis-St. Paul region in USA. Wipro and client teams will collaborate on digital solutions, with a focus on financial technology, and will add 100 local jobs over the next two years to its already substantial presence in the Twin Cities.
As a No-Shore office, the Minneapolis center will serve as a hub for technology and resources locally and globally, ensuring development quality and delivery across Wipro and client teams around the clock. Wipro specifically plans to leverage local Minnesota talent in addition to providing opportunities for recent university graduates and experts keen on developing their technology-related skills.
"Minnesota is a magnet for world-class talent and innovation – a strategic asset we're excited to harness in collaboration with our clients," said Angan Guha, Senior Vice President & Global Head, BFSI, Wipro Limited. "With this new center, we can offer our clients in financial services, consumer, health and other industries both world-class digital and technology solutions. By applying Wipro's No-Shore Delivery model, where geography is not a limitation but a gateway to developing the best new products and services, we maximize local talent and customer value."
Minneapolis is a crucial location for Wipro due to its conducive business environment, excellent infrastructure, and ready talent pool. Several of Wipro's clients are located in the region, including a number of Fortune 500 companies across banking, retail and other sectors.
The office opening will be celebrated with an inauguration ceremony on Thursday, June 13 and attended by Mayor of Minneapolis, Jacob Frey, City Council Member for Ward 3, Steve Fletcher, representatives from the offices of United States Senators Amy Klobuchar and Tina Smith, and a representative from the Minnesota Department of Employment and Economic Development. Other government officials and local business leaders will also be in attendance.
The event will also include a distribution of 2,500 books to underserved students in Minneapolis public schools as part of the company's partnership with the nonprofit organization, First Book. Similar donations have occurred at Wipro's past office openings as a gesture of the company's commitment to supporting communities and improving education wherever it operates.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 170,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
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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.
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