Harte Hanks (NYSE:HHS), a leader in developing customer
relationships, experiences and interaction-led marketing, today
announced the Company and Wipro LLC (a wholly owned subsidiary of
Wipro Limited) completed the previously announced $9.9
million-dollar investment in Harte Hanks.
Terms of the transaction remain the same as the
companies announced January 24, 2018. As part of the transaction,
Wipro received preferred stock convertible into 16% of the
Company’s outstanding Common Stock on a pre-closing basis, priced
at $0.991 per share of Common Stock (based on a ten-day average
closing price of the underlying Common Stock).
“We believe the coming together of deep technological and
operational expertise with marketing know-how and customer
centricity makes us the ideal partner for marketers on the path of
achieving genuine, personal, one-to-the-moment marketing,” said
Karen Puckett CEO and President of Harte Hanks, “We’ve already seen
the power of our joint go-to-market in the client opportunities
we’re engaging with Wipro. We’re being introduced to significant
clients at the CXO level.”
About Harte Hanks:Harte Hanks is a global
marketing services firm specializing in multi-channel marketing
solutions that connect our clients with their customers in powerful
ways. Experts in defining, executing and optimizing the customer
journey, Harte Hanks offers end-to-end marketing services including
consulting, strategic assessment, data, analytics, digital, social,
mobile, print, direct mail and contact center. From visionary
thinking to tactical execution, Harte Hanks delivers smarter
customer interactions for some of the world's leading brands. Harte
Hanks’ 5,000+ employees are located in North America, Asia-Pacific
and Europe. For more information, visit Harte Hanks at
www.hartehanks.com, call 800-456-9748, email us at
pr@hartehanks.com. Follow us on Twitter @hartehanks or Facebook at
https://www.facebook.com/HarteHanks.
As used herein, “Harte Hanks” refers to Harte Hanks, Inc. and/or
its applicable operating subsidiaries, as the context may require.
Harte Hanks’ logo and name are trademarks of Harte Hanks.
About Wipro LimitedWipro
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 160,000
dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better
and a bold new future.
Media Contacts:
Scott HamiltonHarte
Hanksscott.hamilton@hartehanks.com
Subhashini PattabhiramanWipro
Limitedsubhashini.pattabhiraman@wipro.com
Harte Hanks Cautionary Note Regarding Forward-Looking
Statements:Our press release may contain “forward-looking
statements” within the meaning of U.S. federal securities
laws. All such statements are qualified by this cautionary
note, provided pursuant to the safe harbor provisions of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements other than historical facts
are forward-looking and may be identified by words such as “may,”
“will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,”
“seeks,” “could,” “intends,” or words of similar meaning.
These forward-looking statements are based on current information,
expectations and estimates and involve risks, uncertainties,
assumptions and other factors that are difficult to predict and
that could cause actual results to vary materially from what is
expressed in or indicated by the forward-looking statements.
In that event, our business, financial condition, results of
operations or liquidity could be materially adversely affected and
investors in our securities could lose part or all of their
investments. These risks, uncertainties, assumptions and
other factors include: (a) local, national and international
economic and business conditions, including (i) market conditions
that may adversely impact marketing expenditures and (ii) the
impact of economic environments and competitive pressures on the
financial condition, marketing expenditures and activities of our
clients and prospects; (b) the demand for our products and services
by clients and prospective clients, including (i) the willingness
of existing clients to maintain or increase their spending on
products and services that are or remain profitable for us, and
(ii) our ability to predict changes in client needs and
preferences; (c) economic and other business factors that impact
the industry verticals we serve, including competition and
consolidation of current and prospective clients, vendors and
partners in these verticals; (d) our ability to manage and timely
adjust our facilities, capacity, workforce and cost structure to
effectively serve our clients; (e) our ability to improve our
processes and to provide new products and services in a timely and
cost-effective manner though development, license, partnership or
acquisition; (f) our ability to protect our facilities against
security breaches and other interruptions and to protect sensitive
personal information of our clients and their customers; (g) our
ability to respond to increasing concern, regulation and legal
action over consumer privacy issues, including changing
requirements for collection, processing and use of information; (h)
the impact of privacy and other regulations, including restrictions
on unsolicited marketing communications and other consumer
protection laws; (i) fluctuations in fuel prices, paper prices,
postal rates and postal delivery schedules; (j) the number of
shares, if any, that we may repurchase in connection with our
repurchase program; (k) unanticipated developments regarding
litigation or other contingent liabilities; (l) the ability to
integrate and successfully leverage newly-acquired service
offerings as anticipated; (m) our ability to complete anticipated
divestitures and reorganizations; and (n) other factors discussed
from time to time in our filings with the Securities and Exchange
Commission, including under “Item 1A. Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2016 and in our
Quarterly Report on Form 10-Q for the three and nine months ended
September 30, 2017. The forward-looking statements in this
press release and our related earnings conference call are made
only as of the date hereof and we undertake no obligation to update
publicly any forward-looking statement, even if new information
becomes available or other events occur in the future.
Wipro Forward-looking and Cautionary
StatementsCertain 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.
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