Wipro invests in new dedicated VMware Business Unit

Rhea-AI Summary

Wipro Limited (NYSE: WIT) and VMware, Inc. (NYSE: VMW) have announced an expanded partnership to accelerate digital transformation for mutual customers. Wipro will launch a new business unit focusing on VMware solutions, enhancing multi-cloud capabilities and innovation. This initiative aims to streamline VMware implementations and improve ROI for businesses. It will leverage Wipro’s extensive expertise across industries, with a commitment to sustainability. The collaboration includes significant investment for global service delivery and aims to deploy 5,000 cross-trained professionals in the next two years.

Positive

• Launch of a new VMware-focused business unit to accelerate digital transformation.
• Partnership aims to improve ROI on VMware solutions and enhance multi-cloud services.
• Focus on sustainability as a key business outcome.
• Significant global investment in service delivery across multiple regions.

Negative

• None.

The new business unit will empower mutual customers to accelerate innovation and digital transformation while strengthening Wipro-VMware partnership

NEW YORK & PALO ALTO, Calif. & BANGALORE, India--(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology and consulting services company, and VMware, Inc. (NYSE: VMW) today announced an extended collaboration to help mutual customers accelerate their digital journey and maximize their VMware Cloud investments.

As part of this expanded relationship, Wipro will launch a new dedicated VMware-focused business aligned to Wipro’s broader strategy of driving growth through strategic partnerships. The unit will focus on the power of Wipro FullStride Cloud Services’ in-depth expertise across industries along with VMware Cross-Cloud services to help enterprises drive enhanced agility, speed, and innovation. The goal will be to streamline VMware implementations and accelerate deployment of applications, leading to better, faster ROI.

“Multi-cloud, modern applications and anywhere workspace strategies are increasingly more critical to enterprise success,” said Monty Bhatia, Vice President, Global Systems Integrators, VMware. “We are thrilled to join forces with Wipro to tap into our collective strengths and help make adoption of digital transformation strategy easier for large enterprises. Together, we look forward to providing enterprises with the Cloud Smart solutions and services they need to achieve value from technology investments faster, compete more effectively, and operate their businesses more efficiently and securely.”

Wipro’s new business unit will work with VMware on deepening the companies’ collaboration on deploying VMware solutions, including VMware Anywhere Workspace, which allows employees to work from anywhere with more secure and frictionless experiences. All solutions will be implemented with an eye toward sustainability and reduced carbon footprint as a key business outcome.

“The innovative solutions we have created with VMware thus far enable enterprises to accelerate the development and deployment of more secure modern apps and empower their global workforce while dramatically simplifying the management of a multi-cloud infrastructure,” said Jason Eichenholz, Senior Vice President, Global Head of Ecosystems & Partnerships, Wipro Limited. “We are thrilled to expand our partnership with VMware to help clients realize better, faster value from cloud investments.”

“This new Wipro business unit will accelerate our clients’ journey to the cloud, helping drive innovation, resilience, and agility,” said Jo Debecker, Senior Vice President & Global Head, Cloud and Infrastructure Services, Wipro Limited. “Wipro’s VMware-dedicated Business Unit will be an important vehicle for clients across every major industry to maximize the transformative power of hybrid/public clouds to deliver new experiences, new solutions and innovations to their end users.”

Wipro will offer a full portfolio of digital transformation services in collaboration with VMware across industries, with major focus on Banking & Financial Services, Healthcare, and Consumer and Retail. The unit will leverage Wipro’s 10,000+ domain experts in these verticals including the expertise acquired through acquisitions like Capco and Designit. Wipro will be significantly scaling the technical competency in VMware Cross-Cloud services for multi-cloud infrastructure, modern apps, anywhere workspace, networking, and security, and will have 5,000 cross-trained professionals for these areas over next two years.

The Wipro and VMware collaboration will be truly global, covering the Americas, Europe, Middle East, Africa, and Asia Pacific, and will involve multi-million-dollar investments across sales, alliances, and delivery resources in each of these regions. The delivery will be executed through Wipro FullStride Cloud Studios in US, Europe, and India.

About VMware

VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda. For more information, please visit www.vmware.com/company.

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.

VMware, VMware Explore, Cross-Cloud, and Anywhere Workspace are registered trademarks or trademarks of VMware, Inc. or its subsidiaries in the United States and other jurisdictions. This article may contain hyperlinks to non-VMware websites that are created and maintained by third parties who are solely responsible for the content on such websites.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221107006231/en/

Roger T. Fortier

VMware Global Communications

+1 408-348-1569

rfortier@vmware.com

Sanuber Grohe

Wipro Limited

sanuber.grohe@wipro.com

Source: Wipro Limited

FAQ

What is the latest partnership announcement between Wipro and VMware?

Wipro and VMware announced an extended collaboration to accelerate digital transformation for mutual customers by launching a new VMware-focused business unit.

What is Wipro's stock symbol?

Wipro is traded under the stock symbol WIT on the NYSE.

What are the key goals of Wipro's new VMware-focused business unit?

The unit aims to enhance agility, speed, and innovation for clients, improving ROI from VMware Cloud investments.

Will Wipro hire more professionals for the VMware initiative?

Yes, Wipro plans to deploy 5,000 cross-trained professionals in VMware Cross-Cloud services over the next two years.

What industries will benefit from the Wipro and VMware partnership?

The partnership will focus on industries like Banking, Financial Services, Healthcare, and Consumer and Retail.