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Wipro awarded five-year Application Management and Service Integration & Management contract by Fortum

Posted On: 2020-10-19 20:36:38 (Time Zone: Arizona, USA)


Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has won an Application Management (AMS) and Services Integration & Management (SIAM) contract from Fortum, one of the leading clean-energy companies headquartered in Espoo, Finland.

As a part of the five-year agreement, Wipro will manage Fortum's application portfolio across hundreds of applications for more than 11,500 users across 18 countries and provide 24/7 support for business-critical applications. Wipro will leverage its Artificial Intelligence and automation platform, Wipro HOLMES® to enable process automation for enhanced end-user experience. In addition, Wipro's Service Integration & Management (SIAM) transformation solution will help Fortum consolidate and govern its multi-supplier eco-system.

Tuomas Salosaari, VP, Operation Services, Business Technology, Fortum said, "Wipro was chosen as a partner because of their experience and capability in providing a flexible and efficient solution for us. We believe this will be a true win-win relationship."

Sarat Chand, Vice President, EMEA Utilities Business Head, Wipro Limited said, "We are pleased to be selected by Fortum. This engagement is aligned to our strategy of assisting our clients to navigate the energy transition towards a sustainable world. The accelerated trend of supply-demand and energy conscious prosumers is driving a clean energy revolution faster than before, inspiring innovation and partnerships like these. This deal was completed in the midst of the pandemic and we appreciate the spirit of Fortum and Wipro teams in making this possible."

Carl-Henrik Hallström, Head of Nordic & Baltic Region, Wipro Limited said, "This is an important step forward in Wipro's strategy for the Nordic and Baltic region. We see a good match between these two companies, one in the energy industry and the other in technology services, to drive innovation and growth."

Wipro has been present in the Nordic & Baltic region for over a decade and works with customers across the manufacturing, energy, natural resources, utilities, financial services, telecom, healthcare and retail industry verticals. Wipro also has a presence in the region through its acquired entities - 4C, offers unrivalled expertise in best of breed technology integration, including Salesforce's core clouds and additionally provides consultancy across customer 360, quote-to-cash and The DocuSign Agreement Cloud, Designit, a strategic design firm specializing in transformative product-service experiences and Topcoder, the world's largest technology network and on-demand digital talent platform with more than 1.6 million developers, designers, data scientists and testers around the globe.

Shares of WIPRO LTD. was last trading in BSE at Rs.343.25 as compared to the previous close of Rs. 339.55. The total number of shares traded during the day was 339605 in over 5256 trades.

The stock hit an intraday high of Rs. 346.4 and intraday low of 338.75. The net turnover during the day was Rs. 116472933.


Source: Equity Bulls

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