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Everest Group Taps Wipro as Leader and Star Performer in Banking IT Outsourcing [Professional Services Close - Up]
[August 18, 2014]

Everest Group Taps Wipro as Leader and Star Performer in Banking IT Outsourcing [Professional Services Close - Up]


(Professional Services Close - Up Via Acquire Media NewsEdge) Wipro reported that it has been cited as a "Leader" and "Star Performer" by Everest Group, a global independent consulting and research firm, in its recently released report "IT Outsourcing in Banking - Service Provider Landscape with PEAK Matrix Assessment 2014." Wipro said the study analysed the capabilities of 28 Applications Outsourcing service providers, specific to the global banking sector who were mapped on Everest Group's Performance, Experience, Ability, Knowledge (PEAK) Matrix.



In its release, Wipro said that in the report, Everest Group recognized Wipro's Banking and Financial Services (BFSI) unit for showing the strongest forward movement on the PEAK Matrix, both in terms of market success and capability advancements.

Rajan Kohli, Senior Vice President & Head-Banking & Financial services, Wipro said: "This recognition is a reflection of the confidence our clients have in us and our focus on execution excellence. We continue to make investments in technologies, platforms and innovative value propositions that help our banking clients enhance revenue, reduce cost and manage their risk better." Jimit Arora, Vice President, Everest Group noted: "In an environment where banks are focused on revenue expansion, cost control, and managing compliance spend, we are witnessing consolidation of spend to fewer, high performing service providers. Wipro's investments in domain-centric solutions and solid account management resulted in top-quartile performance in Banking AO deal activity and revenue growth, and contributed to the rating of Leader and Star Performer in the Everest Group PEAK Matrix." The Banking Applications Outsourcing market, represented by 28 service providers, scaled up to US $6.3Bn in revenue and 175,000 FTE's spread across 20+ delivery countries.


Wipro is an Information Technology, Consulting and Business Process Services company.

More information and complete details: www.wipro.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

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