Wipro Limited (NYSE: WIT) (BSE: 507685) (NSE: WIPRO), a leading
global information technology, consulting and business process
services company, and Reltio, an enterprise data-driven
applications and modern data management Platform as a Service
(PaaS) company, today announced a partnership to develop faster and
cost effective Master Data Management (MDM) solutions. This
partnership will help Reltio and Wipro’s clients bridge the gap
between data and insights by boosting the reliability of
information, while ensuring users get access to relevant data.
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This alliance will enable the use of modern MDM architecture
with big data technologies to deliver pre-configured,
industry-specific data models in an accelerated timeframe. The
joint offering will also help customers stave off scale and
performance challenges by leveraging next generation technologies
such as Big Data, NoSQL, Analytics, and Machine Learning.
“We are excited to partner with Reltio, which has superior
technology offerings for next-generation master data management.
Wipro’s experience in global MDM implementations and machine
learning coupled with Reltio’s big data technology and unique
commercial graph offering will help our clients decipher complex
relationships between their customers, accounts and products. And
significantly improve how they derive business benefits out of big
data insights,” said Pallab Deb, Vice President & Global
Head - Analytics, Wipro Limited.
The partnership will offer enterprise users real-time access and
easy integration with Reltio Cloud, which also features a built-in
data-as-a-service, which provides access to third party premium
data sources. The companies will jointly deliver solutions that
bring modern data management and data-driven applications to
market.
Commenting on the partnership, Vasu Vallurupalli, Vice
President - Alliances, Reltio, said, “Wipro has differentiated
expertise in delivering best-in-class MDM implementations across
industry sectors. Using their rich experience in MDM and Reltio’s
modern data management platform and data-driven applications,
organizations can truly unlock the power of their data and
successfully address complex business challenges.”
Analyst firm Gartner suggests even though the MDM ESP market is
rapidly gaining popularity and momentum in the overall information
infrastructure space, it is still in the adolescent phase of
maturity (with a market penetration of less than 20% of the
possible target audience), and Gartner predicts that it will take
around five to 10 years to reach mainstream adoption.1
Reltio’s ability to go beyond MDM has changed the landscape of
data management. Reltio Cloud was most recently named a leader in
the The Forrester Wave™: Master Data Management Q1 2016
report.
Wipro’s expertise in MDM along with Reltio’s products is poised
to help customers reap the benefits of the early adoption, and
provide them with a future-proofed investment that extends way
beyond typical MDM.
About Wipro Limited
Wipro Limited (NYSE: WIT) (BSE: 507685) (NSE: WIPRO) is a
leading information technology, consulting and business process
services company that delivers solutions to enable its clients do
business better. Wipro delivers winning business outcomes through
its deep industry experience and a 360 degree view of “Business
through Technology.” By combining digital strategy, customer
centric design, advanced analytics and product engineering
approach, Wipro helps its clients create successful and adaptive
businesses. A company recognized globally for its comprehensive
portfolio of services, strong commitment to sustainability and good
corporate citizenship, Wipro has a dedicated workforce of over
170,000, serving clients across 6 continents. For more information,
please visit www.wipro.com.
About Reltio
Reltio delivers reliable data, relevant insights and recommended
actions so companies can be right faster. Reltio Cloud combines
data-driven applications with modern data management for better
planning, customer engagement and risk management. Reltio enables
IT to streamline data management for a complete view across all
sources and formats at scale, while sales, marketing and compliance
teams use data-driven applications to predict, collaborate and
respond to opportunities in real-time. Companies of all sizes,
including leading Fortune 500 companies in healthcare and life
sciences, media & entertainment, hospitality, distribution and
retail rely on Reltio. For more information, visit
www.reltio.com.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth
prospects 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 fluctuations in our
earnings, revenue and profits, our ability to generate and manage
growth, 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. 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.
1 Gartner “Market Guide for MDM External Service Providers” Bill
O'Kane et al, 25 February 2016
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Wipro LimitedShraboni
Banerjeeshraboni.banerjee@wipro.comorReltioPaula DunneContos
Dunne Communications+1 (408) 776-1400 o+1 (408) 893-8750
mpaula@contosdunne.com
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