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Relativity Technologies’ Modernization Workbench® Endorsed as a Central Pillar of Wipro’s Strategy for Modernizing Clients’ Existing Applications RALEIGH, N.C.--Relativity Technologies, Inc., the global leader in Enterprise Application Modernization, today announced that it has partnered with Wipro Technologies, the global IT services division of Wipro Limited (NYSE:WIT), one of India’s leading IT Service providers, to offer solutions for modernizing enterprise applications. Wipro will modernize and optimize clients’ operations through expertise, processes, and technologies built on Relativity Technologies’ Modernization Workbench® software platform. Leading organizations around the globe are finding that many of their underlying IT and business processes do not align with their strategic requirements. This diverts focus from their core competencies. By modernizing these processes and the related enterprise applications, organizations gain flexibility and efficiency, resulting in a more agile enterprise.
Highlights of the agreement include:
“Wipro has made a strategic commitment to the Modernization Workbench because of its ability to accelerate the entire gamut of modernization activities,” said KR Sanjiv VP of E-Enabling at Wipro Technologies. “We plan to expand our investment in Relativity Technologies’ platform not only through the development of professionals and processes built around the technology. We also will employ our R&D resources to generate value-add modernization solutions that leverage the foundation of the Modernization Workbench platform.” “We are pleased that Wipro, a company known for its innovation and adherence to high quality client solutions has chosen to standardize on the Modernization Workbench,” said Steve Maysonave, chairman, president, and CEO of Relativity Technologies. “Relativity Technologies is equally committed to providing the most technically sophisticated, business-focused modernization platform on the market.” About Relativity Technologies, Inc. Relativity Technologies is the leading provider of Enterprise Application Modernization and Application Portfolio Management solutions. Over 350 organizations—including seven of the ten largest financial services providers—have relied on our software platform to increase the efficiency and flexibility of the applications that automate their core business operations. The Modernization Workbench® delivers this value by enabling organizations to understand, manage, modernize, and maintain applications throughout the enterprise. For more information, please visit www.relativity.com. About Wipro Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services organization globally. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development center’s. 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 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 http://www.wipro.com, http://www.wiprocorporate.com Forward-looking and cautionary statements Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. For further information, please visit our websites at www.wipro.com, www.wiprocorporate.com and www.wipro.co.in.
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