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Wipro Announces Innovation Isle on Second Life, Becomes First Indian Company to Announce Virtual PresenceBANGALORE, India --(Business Wire)-- Wipro Technologies, the global IT services arm of Wipro Limited (NYSE:WIT), today launched its Innovation Isle in Second Life, one of internet's most populous virtual worlds. With today's launch, Wipro becomes the first Indian company to leverage new age stakeholder engagement vehicles to establish a virtual brand presence. For a flat rendering of the hub please visit: (http://slurl.com/secondlife/Wipro%20Innovation%20Isle/128/128/0/). Since opening to the public in 2003, Second Life has grown explosively and today is inhabited by more than nine million people around the globe. Phase One of an anticipated multi-phase presence for Wipro in Second Life has been launched today, with the unveiling of Wipro's pioneering Offshore Development Center (ODC) model campus with facilities like Client engagement center, Learning Center, 3 floor ODC setup with cubicles, Security desk at the campus entrance gate, Amphitheater, Press announcements hall, Basketball and Volleyball courts, Admin, Data center and Library. It will be regularly staffed by Wipro's own avatars. Wipro is also bringing new capabilities to corporate recruitment in 2007 via its Innovation Isle Island. Prospective candidates will be able to submit their resume at Wipro's virtual campus. Initially, limited to Wipro BPO, the e-recruitment initiative will be later become an integral part of Wipro's recruitment drive. "Our launch in Second Life is an example of Wipro's 'Applied Innovation' thinking at work. Our upcoming Innovation Isle with showcase Wipro's innovation initiatives to our stake-holders and how they deliver increased flexibility and predictability, lower cost and faster time to market for our customers," said Jessie Paul, Chief Marketing Officer, Wipro Technologies. "This will also be a virtual forum for customers, partners, and other like minded people to collaborate with Wipro in the area of co-innovation and business transformation ." In later phases, Wipro will use Second Life to collaborate with customers and partners, host virtual conferences and provide a mutual platform to infuse innovation in the space of technology and business transformation. The hub will also serve as a virtual learning campus to further connect and grow the creative talent of Wipro. The Innovation Isle is created and managed by Wipro's Gaming and Animation Practice. Wipro's Gaming and Animation Practice is a leading provider of third party end to end game development and game engineering services. The Gaming and Animation Center of Excellence is based out of Hyderabad and has expertise in end to end game development across PC, Consoles, Mobile and Web Platforms. About Second Life and Linden Lab Second Life is a 3D online world with a rapidly growing population of more than 700,000 residents from 100 countries around the globe. The residents themselves create and build the world, including homes, vehicles, nightclubs, stores, landscapes, clothing, and games (http://secondlife.com). Second Life is created by Linden Lab, a San Francisco-based company founded in 1999 by Philip Rosedale to create a "revolutionary new form of shared 3D experience." The former CTO of RealNetworks, Rosedale pioneered the development of many of today's streaming media technologies, including RealVideo. In April 2003, noted software pioneer Mitch Kapor, founder of Lotus Development Corporation, was named Chairman. In 2006, Philip Rosedale and Linden Lab received WIRED's Rave Award for Innovation in Business (http://lindenlab.com). About Wipro Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services organization globally. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centre's. 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 development and maintenance services to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services in India offering system integration, network integration, software solutions and IT services. Wipro also has 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 websites at www.wipro.com and Media">http://www.wiprocorporate.com. MediaContacts: India: Radhika Mahadevan, Wipro Technologies, +91-9945042606, [email protected] Ranjani S Roy, Gutenberg Communications, +91-9886377941, [email protected] US Abhishe k Mendiratta, Wipro Technologies, + 1 732 789 8646, [email protected] Lavanya DJ, Gutenberg Communications, + 1 212 239 8740, [email protected] UK Rahul Kadavakolu +44 792 020 5496, [email protected] Forward-looking and cautionary statements Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, , liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. For further information, please visit our websites at www.wipro.com, www.wiprocorporate.com and www.wipro.co.in. |
