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Wipro and IBM strengthen relationship; announce the expansion of IBM Hybrid Cloud Practice

Posted On: 2020-10-29 04:12:39


Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced its intention to expand its IBM Hybrid Cloud Practice. Supported by technical experts from both organizations, the practice is expected to help Wipro customers modernize their digital operations across hybrid cloud environments by leveraging IBM Cloud Paks, containerized software running on Red Hat OpenShift.

Wipro's IBM Hybrid Cloud Practice unit will help customers innovate at scale by leveraging industry-ready Wipro solutions such as BoundaryLess Enterprise (BLE) and ModernizR. Both of these solutions were built with IBM Cloud Paks on Red Hat OpenShift and can run in any cloud environment, including the IBM public cloud.

- BoundaryLess Enterprise (BLE) is a hybrid cloud management platform that offers a comprehensive array of technologies in a single environment that enables customers to run their cloud-native applications from anywhere. BLE leverages IBM's open hybrid cloud capabilities to support containers, IaaS, and PaaS computing models that can help enterprises accelerate their transformation journey to the cloud.

- ModernizR is a software-based solution built with IBM Cloud Pak for Applications, a key technology in Wipro's cloud migration and operations portfolio. The solution is designed to help enterprises move their legacy applications to the cloud by leveraging artificial intelligence to mine and analyze customer's legacy applications and data. The resulting insights can be used to assess risk and recommend a migration strategy that includes employing automation to help software developers re-engineer the application.

Bhanumurthy B.M, President and Chief Operating Officer, Wipro Limited said, "Wipro empowers customers across industries to re-imagine their cloud journey with its business-first strategy and industrialized solutions approach. We believe the future will be driven by hybrid cloud hence, the expansion of IBM Hybrid cloud practice is intrinsic to our strategy. It will strengthen our relationship with IBM and help accelerate our clients' transformation journey across hybrid cloud environments."

Bob Lord, Senior Vice President, Cognitive Applications and Ecosystems, IBM said, "The expansion of our relationship with Wipro reinforces our joint commitment to help clients accelerate their journey to cloud across industries, including highly regulated sectors such as financial services, energy and utilities, manufacturing and healthcare. Wipro's industry knowledge, combined with IBM's hybrid cloud and AI platform powered by Red Hat OpenShift, can help enterprises drive real business transformation by migrating and managing their critical workloads across an open hybrid cloud environment."

Wipro is part of IBM's hybrid cloud ecosystem, an initiative to support global system integrators and independent software vendors to help clients modernize workloads with Red Hat OpenShift for any cloud environment, including the IBM public cloud. Red Hat OpenShift is the industry's leading enterprise Kubernetes platform. The IBM public cloud is the industry's most secure and open public cloud for business. With its security leadership, enterprise-grade capabilities and support for open source technologies, the IBM public cloud is designed to differentiate and extend on hybrid cloud capabilities for enterprise workloads.

Wipro recently announced a 5G edge services solution suite that integrates IBM Edge Application Manager and TRIRIGA to address a range of concerns related to deploying and managing distributed services on devices, private edges and telecom operator's Multi-Access Edges globally. The company received the IBM Beacon Award for Best IBM Hybrid Multi Cloud Practice at IBM PartnerWorld 2020.

Red Hat and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries.

Shares of WIPRO LTD. was last trading in BSE at Rs.337.55 as compared to the previous close of Rs. 335.6. The total number of shares traded during the day was 164189 in over 3186 trades.

The stock hit an intraday high of Rs. 339.8 and intraday low of 331.2. The net turnover during the day was Rs. 55119983.


Source: Equity Bulls

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