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HM Treasury Selects Wipro for Service Integration and Management
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Wipro Limited (NYSE: WIT) has secured a multi-year contract with HM Treasury (HMT) to provide Service Integration and Management (SIAM) Services. This partnership aims to enhance the integration of IT services across HMT and its Arm’s Length Bodies, improving user experience. Wipro will manage end-to-end SIAM services, which include coordinating service integration across multiple vendors. The collaboration underscores Wipro's commitment to digitalization in the public sector, playing a pivotal role in optimizing operational efficiency within HMT.
Positive
Secured a multi-year contract with HM Treasury to provide SIAM Services, enhancing IT service integration.
Strengthens Wipro's position in the UK Public Sector, supporting operational efficiency and service quality.
Negative
None.
The engagement underscores Wipro’s increased focus on the UK Public Sector
LONDON & BANGALORE, India--(BUSINESS WIRE)--
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it has been awarded a multi-year contract to deliver Service Integration and Management (SIAM) Services to HM Treasury (HMT). The service will enable seamless integration of IT services across multi-functional suppliers and partners, enhancing the user experience across HMT and its Arm’s Length Bodies.
Wipro and HMT will collaborate to enable end-to-end SIAM services, from strategy, design, and implementation to running business-as-usual services such as day-to-day coordination of service integration across HMT’s vendors. Wipro’s robust SIAM capabilities and proven approach will complement HMT’s vision to build a sustainable and continuously improving supplier ecosystem and infrastructure.
Huw Stephens, Chief Information Officer, HM Treasury, said:“I am looking forward to working with Wipro in shaping and delivering the next generation of IT services at HM Treasury. This new partnership will support the department by improving end to end IT services by delivering more responsive services for our users.”
Omkar Nisal, Manager Director UK & Ireland,Wipro Limited, said: “We are delighted to form a partnership with HMT and to play a key role to drive their ‘One Team’ culture. The Wipro team will be acting as an orchestrator; managing and governing end to end service operations across all of HMT’s suppliers; delivering operational efficiency, transparency and improved service quality. Public Sector digitalisation is vital to providing efficient and resilient services to citizens across the UK, so it’s an honour to play an important role in a prestigious government department at the beating heart of the UK economy.”
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 250,000 employees and business partners across 66 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world.
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. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control.
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.
