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Company Name : WIPRO

Monday, October 23, 2017 5:10PM IST (11:40AM GMT)

NYSE:WIT(BSE:507685)(NSE:WIPRO)(NYSE:WIT)

Wipro Cited as a Leader in Everest Group PEAK Matrix™ for IT Security Services


East Brunswick, New Jersey, United States & Bangalore, Karnataka, India

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been recognized as a ‘Leader’ by Everest Group, a global independent consulting and research firm, in its report titled “IT Security Services- Market Trends and PEAK MatrixTM Assessment 2017: Security- the Biggest Digital Insecurity”.
 
The report analyzed the capabilities of 17 leading global IT service providers on Everest Group’s PEAK Matrix. Wipro has been named as a Leader for its strong global delivery network with a transformational mind-set, and its ability to deliver high quality of services across regions and service segments, in terms of both execution and responsiveness.
 
The report highlights the trends influencing the IT security services market, focusing on the increasing complexities, size and variety of security threats. The report states that the rapid digitalization has made the enterprise IT security landscape highly complex and challenging to handle. With the proliferation in digital touch points, enterprises are now required to take a more intelligence-driven, holistic security approach to deal with this rapidly changing threat landscape.
 
Elaborating on Wipro's vision and focus on IT security services capabilities, Sheetal Mehta, Vice President and Global Head, Cybersecurity & Risk Services, Wipro Limited said, “Being recognized as a leader in this report by Everest Group reflects our commitment to providing world-class IT security services to our clients. It is a testimony to the trust our clients place in their partnership with Wipro and demonstrates our focus on innovation and client centricity. Our vision for IT security is to simplify digital risk management, secure information and build business resilience. We aim to achieve this by enabling digital trust, strengthening cyber intelligence, modernizing the core and collaborating to win.”
 
Wipro’s top-down risk-based approach to security and real-time consumption of Threat Intelligence has given it the ability to propose client-specific initiatives along with the strong technical expertise that helps in defining strategy for security roadmaps for its clients.

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 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
 
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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News Summary

Wipro Cited as a Leader in Everest Group PEAK Matrix™ for IT Security Services