SVP, Corporate Communications
Strategic Partnership to Leverage Cloud Computing Expertise
SAN MATEO, Calif.—May 3, 2010—NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced that it has entered into a strategic partnership with Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT). The partnership aims to set a new standard for cloud solutions expertise that large organizations worldwide can rely on for advancing their mission-critical business processes. The current scope of the partnership focuses on the Asia-Pacific market with future expansion planned for North America.
Echoing with current market demands, Wipro has been working on a number of strategic initiatives to empower its cloud computing capabilities. This new partnership with NetSuite is a part of a broader Wipro-level initiative to build a leadership position in providing, implementing and supporting application development on Cloud and SaaS platforms.
"As we progress in an era of virtualization, where the emphasis is on helping companies achieve the most efficient and lowest cost infrastructure, cloud computing resounds as an inevitable and highly attractive option," said Sangita Singh, Senior Vice President, Enterprise Application Services, Wipro Technologies. "This partnership, which combines Wipro's IT and business process expertise with NetSuite's deep functionality in cloud business applications, has the potential to be a game-changer for organizations that demand guaranteed customer satisfaction when it comes to mission-critical business functionality in the cloud."
"As large organizations move mission-critical business processes to the cloud, partnerships between global IT services leaders like Wipro and technology leaders such as NetSuite are essential," said Zach Nelson, NetSuite CEO. "This landmark partnership shows the unstoppable momentum of IT infrastructure moving to the cloud."
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. 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 management, and datacenter managed 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 a 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 website at www.wipro.com
NetSuite Inc. is a leading vendor of cloud computing business management software suites. NetSuite enables companies to manage core key business operations in a single system, which includes Enterprise Resource Planning (ERP), Accounting, Customer Relationship Management (CRM), and Ecommerce. NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information. For more information about NetSuite Inc., please visit www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to, without limitation, the scope of and benefits associated with the strategic partnership between NetSuite and Wipro. These forward-looking statements are based upon the current expectations and beliefs of NetSuite's management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and NetSuite disclaims any obligation to update these forward-looking statements.
In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: continued adverse and unpredictable macro-economic conditions or reduced investments in on-demand applications and information technology spending, risks associated with material defects or errors in the Company's software and the risk of technological developments and innovations by others.