Marelli Extends Relationship with Wipro for Continued Evolution of IT Infrastructure

Business Wire

Tue, Nov 26, 2024, 4:51 AM 4 min read

PARIS & BENGALURU, India, November 26, 2024--(BUSINESS WIRE)--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, has today announced the extension of its work with Marelli, a global leader in automotive solutions, for an additional four years.

As part of this engagement, Wipro FullStride Cloud will migrate Marelli’s Milan Data Centre and all their local server rooms to the Cloud to centralize their operations and provide a more agile and stable ecosystem.

This transition to a more flexible and advanced cloud environment will empower Marelli to respond quickly to market changes, enable continuous innovation across their business, and strengthen their competitive edge. Ultimately, the project will help reduce the time-to-market for Marelli's products and services, creating long-term value for all stakeholders, continuing to advance Marelli's journey towards modernization and growth.

"We are excited to begin a new chapter in our strategic partnership with our trusted partner, Marelli. Our wide-ranging expertise alongside our deep understanding of their needs means we will deliver a modernization program specifically tailored to their needs. Our relationship is built on mutual trust and a willingness to support them realize their ambitions," said Graziella Neuvéglise, Regional Head & Managing Director, Southern Europe, Wipro and Executive Sponsor Marelli.

The project will also enhance employee support services with AI-powered virtual assistants, providing vulnerability management services, and offer comprehensive application maintenance services to drive innovation, optimize costs, and reduce the need for future reworks through solutions designed for long-term efficiency. Overall, the modernization project is expected to deliver significant operational savings.

Vittorio Rossetti, Chief Digital Officer of Marelli, said "We have a long-standing partnership with Wipro. Over the years we have worked with them, the Wipro team has developed an in-depth understanding of our business, which combined with their technical expertise, will help us further develop and grow our IT infrastructure."

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 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our clients, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.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.

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/20241126007107/en/

Contacts

Media Contact:
Wipro Media Relations
media-relations@wipro.com

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