15.09.2008 10:46:00
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Wipro's SOA Solution Lab on Second Life Inaugurated by Farmers Insurance
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), announced the inauguration of its SOA Solutions Lab on Second Life, one of the internet’s most populous virtual worlds. The lab was inaugurated by Srinivasa Parthasarathy, Vice President, Multi-Line Applications and Global Chief Architect, Group IT Strategy & Architecture of Farmers Insurance.
Wipro is the first Indian company to leverage new age stakeholder engagement models to connect with its clients and infuse innovation through an established presence in the virtual world. The SOA solutions lab presents clients an opportunity to explore the impact of SOA in transforming their organizations to be more agile and enable business transformation.
Speaking on the occasion Mr Parthasarathy said, "We see SOA as a key technology for turning IT into a strategic advantage for our business. We are realizing the benefits of our SOA initiatives in addressing many mission critical requirements like faster compliance to regulatory requirements. We are encouraged by our success and our partnership with Wipro has been highly rewarding in achieving our planned objectives. I am excited to see their capabilities being showcased through innovative brand presence in channels like Second Life.”
"Farmers Insurance is one of the pioneers in successful adoption of SOA, and this engagement has helped us benchmark new standards in the realization of business benefits from SOA. We are delighted to have our SOA solution lab inaugurated by them,” said K.R. Sanjiv, Vice President, Business Technology Services, Wipro Technologies. "This solution lab on Second Life helps our clients understand and deliberate key elements of successful Enterprise SOA adoption through a highly interactive experience.”
Wipro is expanding its presence in Second Life, taking its key innovation initiatives in areas like SOA to stake holders. The SOA solutions lab showcases demos of key success stories in Enterprise SOA adoption, SOA assets like SOBay business platform; SOA governance models; Maturity model; business solutions.
The SOA lab on Second Life will be used to collaborate with customers and partners, host virtual conferences and provide a mutual platform to infuse innovation in various spheres of technology and business transformation.
To know more please visit: http://slurl.com/secondlife/Wipro%20Innovation%20Isle/128/128/0/
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. 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. For more information, please visit our websites at www.wipro.com and www.wiprocorporate.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.
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