Wipro Expands Partnership with Nutanix to Launch a New Nutanix Business Unit

Rhea-AI Summary

Wipro Limited and Nutanix, Inc. have launched a new business unit to accelerate digital transformation and hybrid multicloud innovation. The collaboration aims to enhance joint solution engineering and expand go-to-market strategies, empowering enterprises with intelligent cloud capabilities.

Insights

Market Research Analyst

The strategic partnership between Wipro and Nutanix to form a new business unit focused on hybrid multicloud solutions represents a significant development in the technology services sector. This move is indicative of the growing demand for cloud infrastructure and services that can offer agility, speed and innovation to enterprises. The collaboration aims to leverage the strengths of both companies to address this demand, potentially leading to increased market share and revenue growth.

From a market perspective, the creation of this business unit could enhance Wipro's competitive positioning in the cloud services market. As enterprises continue to adopt digital transformation strategies, the demand for integrated solutions that can manage complex multicloud environments is likely to increase. The partnership's focus on industries such as banking, healthcare and consumer and retail suggests a targeted approach to capturing market segments with high growth potential.

The announcement also hints at a broader trend of IT service providers forming strategic alliances with cloud technology companies to offer end-to-end solutions. This could signal an industry shift towards more collaborative models, where partnerships are crucial for innovation and meeting the sophisticated needs of large enterprises.

Financial Analyst

The formation of a new business unit between Wipro and Nutanix is expected to have financial implications for both companies. By combining Wipro's industry expertise with Nutanix's cloud platform, the partnership is positioned to jointly target a multi-billion-dollar market opportunity. This could result in an increase in the addressable market for both companies, potentially leading to revenue growth.

For investors, the key metrics to watch would include the growth rate in cloud-related revenues for Wipro, the scale of cross-training initiatives and the impact on profit margins due to the potential efficiency gains from leveraging Nutanix's technology. Additionally, the partnership's emphasis on AI computing and edge modernization solutions could create new revenue streams and improve Wipro's service offerings.

The long-term financial success of this initiative will largely depend on the execution of go-to-market strategies and the ability to deliver on the promised enhancements in agility and innovation. The financial performance of similar strategic partnerships within the industry could serve as a benchmark for evaluating the potential success of this collaboration.

Sustainability Analyst

The partnership between Wipro and Nutanix also carries implications for sustainability, an increasingly important consideration for businesses and investors alike. The focus on reducing energy consumption and carbon footprint in data centers aligns with a broader industry trend towards sustainable IT practices.

The business unit's commitment to sustainability could provide a competitive advantage, as clients and regulators are progressively prioritizing environmental impact in their decision-making processes. By offering solutions that not only drive digital transformation but also contribute to sustainability, Wipro could attract clients looking to meet their own environmental targets.

It will be important to monitor the measurable outcomes of these sustainability efforts, such as reductions in energy use and carbon emissions, to assess the effectiveness of the partnership's initiatives. This could also influence investor sentiment, as sustainable practices are increasingly linked to long-term value creation and risk mitigation.

The new business unit will empower mutual clients to accelerate digital transformation, and hybrid multicloud innovation

EAST BRUNSWICK, N.J. & SAN JOSE, Calif. & BENGALURU, India--(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, and Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced the launch of a new Nutanix-focused business unit. Together, they will help mutual clients accelerate their digital and hybrid multicloud journeys and maximize the value of their Nutanix Cloud investments.

The new business unit will combine the industry expertise of Wipro FullStride Cloud with Nutanix Cloud Platform to enhance joint solution engineering and expand go-to-market strategies. The engagement aims to enhance agility, speed, and innovation for enterprises and help them build more powerful, resilient, and agile cloud operating models. This commitment is aligned to Wipro’s broader strategy of driving growth through strategic partnership and a multi-year plan to jointly target this multi-billion-dollar market opportunity across cloud infrastructure, IT applications, edge, and AI computing.

Tarkan Maner, Chief Commercial Officer, Nutanix, said, “In the hybrid multicloud era, enterprises need a unified platform to securely and efficiently run their applications and data anywhere. We are partnering with Wipro to leverage our combined strengths and help large enterprises implement digital transformation strategies. Together, we aim to empower enterprises with intelligent cloud capabilities, maximizing the benefits of their technology investments. This includes faster time to market, a competitive edge, and improved efficiency and security.”

Leveraging shared ecosystem partners, the new business unit will address the increasing demand for hybrid multicloud, modernized application and database platforms, hybrid end-user computing, AI computing, and edge modernization solutions. This alliance will involve consulting, design, and engineering to provide cutting-edge solutions for customers. The Nutanix-powered joint offerings, including AI-ready infrastructure solutions for the enterprise, will seamlessly integrate with Wipro's ai360 ecosystem initiatives, accelerating the development of collaborative solutions.

Jo Debecker, Senior Vice President, and Global Head of Wipro FullStride Cloud, Wipro Limited, said, “Wipro’s joint solutions, powered by Nutanix, will help clients across every major industry deliver new experiences and innovations to their end users. The dedicated business unit will play a pivotal role in harnessing the transformative capabilities of hybrid multicloud, while also actively contributing to the sustainability efforts by reducing energy consumption and carbon footprint in data centers.”

Wipro and Nutanix are partnering to offer digital transformation services in various sectors, focusing on banking, healthcare, and consumer and retail. Wipro will utilize its pool of domain experts, including those gained through acquisitions like Capco and Designit. Wipro will be significantly scaling the technical competency in Nutanix solutions for multicloud infrastructure, hyperconverged platforms, database services, AI computing, and end-user computing, and will have cross-trained professionals for these areas over the next two years.

For more information on Wipro’s collaboration with Nutanix, please visit Wipro and Nutanix Global Partnership - Nutanix Alliance - Partner Ecosystem.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 240,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

About Nutanix

Nutanix is a global leader in cloud software, offering organizations a single platform for running apps and data across clouds. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix.

Wipro Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations, and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, 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, including, but not limited to, Annual Reports on Form 20-F. 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.

Nutanix Forward-Looking Statements

© 2024 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. Other brand names or marks mentioned herein are the trademarks of their respective holder(s). This release contains express and implied forward-looking statements, which are not historical facts and are instead based on current expectations, estimates and beliefs, including statements about: the partnership with Wipro and the plans and expectations therefor; expectations regarding market opportunity; and expectations regarding joint offerings. The accuracy of such statements involves risks and uncertainties and depends upon future events, and actual results may differ materially and adversely from those anticipated or implied by such statements, including, among others: unexpected difficulties or delays in implementing or realizing the full benefits of plans, strategies, initiatives, vision, and objectives; the ability of the companies to partner successfully; the ability to achieve seamless integration; and other risks detailed in Nutanix’s Annual Report on Form 10-K for the fiscal year ended July 31, 2023 filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 21, 2023 and Nutanix’s subsequent filings with the SEC. Any forward-looking statements included herein speak only as of the date hereof and, except as required by law, Nutanix does not assume any obligation to update or otherwise revise any of such forward-looking statements to reflect subsequent events or circumstances. The statements herein are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240311894550/en/

Wipro Limited

media-relations@wipro.com

Nutanix

pr@nutanix.com

Source: Nutanix, Inc.

FAQ

What companies have launched a new business unit for digital transformation and hybrid multicloud innovation?

Wipro Limited and Nutanix, Inc. have launched a new business unit.

What is the ticker symbol for Nutanix, Inc.?

The ticker symbol for Nutanix, Inc. is NTNX.

What is the broader strategy of Wipro Limited in driving growth?

Wipro's broader strategy is driving growth through strategic partnerships and targeting multi-billion-dollar market opportunities across cloud infrastructure, IT applications, edge, and AI computing.

Which sectors will Wipro and Nutanix focus on for digital transformation services?

Wipro and Nutanix will focus on sectors such as banking, healthcare, and consumer and retail for digital transformation services.

What is the goal of the new business unit launched by Wipro and Nutanix?

The goal of the new business unit is to empower enterprises with intelligent cloud capabilities, maximize the benefits of technology investments, and enhance agility, speed, and innovation.