Wipro, Business Shared Services, Curitiba, Brazil, AmBev, Largest Brewery Company,Latin America

Wipro BPO to Set Up Business Shared Services Centre in Curitiba, Brazil for AmBev - the Largest Brewery Company in Latin America

BANGALORE, India, Oct 31, 2008 (BUSINESS WIRE) -- Wipro Technologies, the global IT services business of Wipro Limited , announced that its Business Process Outsourcing division, Wipro BPO, is setting up a Shared Services centre for AmBev, the largest brewery company in Latin America with leading brands like Brahma, Becks, Stella and Antarctica. The Shared Services Centre will provide services to AmBev across Latin America in the areas of Finance and Accounting, Order Management, Customer Services and HR Services. The partnership is expected to provide significant financial benefits and leverage transformation opportunities across AmBev operations in the region. These services will be provided from Wipro's facility at Curitiba in Brazil.

Renato Nahas Batista, Zonal Vice President at AmBev, said, "The partnership with Wipro will focus on transforming the existing Shared Service Centre and provide services across Latin America for AmBev. We are happy to be a part of Wipro's expansion plans for Brazil and Latin America."

"Wipro's capability to transform processes, implement SAP and provide world class service delivery is a strength that is unmatched by competition. Our robust delivery structure combines process, quality and finance & accounting expertise along with SAP consultants. This forms a team that can provide end-to-end service and take complete ownership," says Ashutosh Vaidya, Head, Wipro BPO.

Wipro's Consumer Products Industry practice has a team for Food & Beverage industry with over 400 well-qualified associates. This division focuses on helping Food and Beverage companies re-engineer the way they meet end consumer's needs through Information Technology solutions.

Wipro BPO is a critical partner to its customers in achieving their business goals. Over 20,000 people operate out of 9 different locations (India and Eastern Europe). Wipro BPO services customers in various industries including Banking & Capital Markets, Insurance, Travel & Hospitality, Hi-Tech Manufacturing, Telecom & Healthcare sectors. Wipro BPO also has deep expertise in delivering process specific solutions in areas like Finance & Accounting, Procurement, HR Services, Loyalty Services and Knowledge Services.

About Wipro
Wipro Technologies, a division of Wipro Limited, 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 development, and maintenance 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 websites at www.wipro.com and www.wiprocorporate.com.

About AmBev
AmBev is the biggest private company for consumer goods in Brazil and the biggest brewer for Latin America. The Company was created on the 1st of July of 1999, in association with brewers Brahma and Antarctica. The merger was approved by Cade on 30th March, 2000. Leader in the Brazilian market of beers, AmBev has presence in more than 14 countries. With its alliance with InBev, in March, 2004, the company started its operations in North America with the Canadian Labatt merge, becoming the Americas Brewer.

Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects 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 fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain 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, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and 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. We 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. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

SOURCE: Wipro Technologies