Wipro Wins Five-year Software Engineering Services Engagement from ThoughtSpot
Wipro Limited (NYSE: WIT) announced a multi-year contract with ThoughtSpot for software engineering services. This five-year agreement aims to enhance ThoughtSpot's Search and Analytics platform, accelerating feature development and market release cycles. Wipro will utilize its EngineeringNXT framework to deliver these services efficiently, helping ThoughtSpot maintain its competitive edge in the rapidly evolving analytics market. This partnership aligns with Wipro's strategy to strengthen its presence in the U.S. and enhance its capabilities in AI and Cloud technologies.
- Secured a multi-year contract with ThoughtSpot, enhancing revenue opportunities.
- Utilizing EngineeringNXT framework to improve service delivery efficiency.
- Partnership aligns with Wipro's strategy to expand AI and Cloud service offerings.
- None.
BANGALORE, India & SUNNYVALE, Calif.--(BUSINESS WIRE)--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has won a multi-year contract for software engineering services from ThoughtSpot.
Headquartered in Sunnyvale, California, ThoughtSpot is a search and Artificial Intelligence-driven analytics platform that helps explore, analyze and share real-time business analytics data easily.
As part of the five-year engagement, Wipro will enhance various components of ThoughtSpot’s Search and Analytics platform to help scale feature development. Wipro will leverage its EngineeringNXT framework and Product POD (accelerated software product engineering model), to deliver software services quickly, reliably and safely. The solutions will help ThoughtSpot sustain their competitive advantage by expediting the launch of new releases to the market.
Harmeet Chauhan, Senior Vice President, Industrial & Engineering Services, Wipro Limited said, “In the dynamic marketplace, agility has become a strategic need for businesses to retain customer attention. We are delighted to be selected by ThoughtSpot and look forward to accelerating their ability to innovate at scale. This partnership is aligned with our continued efforts to enhance our Artificial Intelligence and Cloud ecosystem and build our growing footprint in the U.S.”
“The analytics market is seeing unprecedented disruption, as technologies like cloud and AI create massive opportunities for organizations that can capitalize on these new capabilities. At ThoughtSpot, we’re committed to helping our customers stay ahead of the curve, providing them with simple yet powerful technology to empower their users and leverage their data like never before,” said Sumeet Arora, Senior Vice President, Head of Engineering, ThoughtSpot. “By partnering with Wipro, we will be able to tap into high value product engineering capabilities and expertise as we scale, and continue to equip our customers with industry leading solutions at the cutting edge of innovation.”
About EngineeringNXT
Wipro’s Industrial and Engineering Services (IES) is the driver for our Engineering Services portfolio. IES facilitate over 500 clients across multiple industries / verticals with a platform to innovate and engineer products, platforms and technologies at scale. This platform of services offerings combines the maturity of engineering processes, the passion for latest technology and the access to a diverse ecosystem to deliver value to customers at various stages of the product or platform life cycle. This is termed as “EngineeringNXT” by Wipro.
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 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
About ThoughtSpot
The world’s most innovative enterprises use ThoughtSpot to empower every person in their organization, from C-suite executive to frontline employee, with the ability to quickly uncover data-driven insights. With ThoughtSpot, businesspeople can type a simple search to instantly analyze billions of rows of data, and leverage artificial intelligence to get trusted, relevant insights pushed to them as answers to thousands of questions they might not have thought to ask. ThoughtSpot is simple enough for any businessperson to use, yet powerful enough to handle even the largest, most complex enterprise data without sacrificing speed, security, or governance. That’s why customers like Walmart, BT, Daimler, Medtronic, Hulu, Royal Bank of Canada, Bank of the West, Siemens, and Nationwide Building Society have turned to ThoughtSpot to transform their decision-making cultures. By making insights a part of every conversation and every decision, ThoughtSpot is reimagining the role of data in creating a more fact-driven world. For more information, please visit www.thoughtspot.com.
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.
