Wipro Opens New Euro R&D Center

Wipro Technologies today announced the opening of a new development center in Budapest, Hungary

December 14, 2010

1 Min Read

BUDAPEST and BANGALORE, India -- Wipro Technologies, the Global Consulting, System Integration and Outsourcing Business of Wipro Limited (NYSE:WIT), today announced the opening of a new development center in Budapest, Hungary.

The Wipro center was set up to primarily service the transformational program of Magyar Telekom (MT), which will enable the latter to improve efficiency in customer experience and increase market agility. Earlier this year, Wipro had signed a multi-year transformational deal with Magyar Telekom (a subsidiary of Deutsche Telekom), the largest telecom service provider in Hungary. This strategic move leverages Wipro's proven global transformation capability and more importantly, enables a complete range of business and technology services to be delivered, closer to the customer.

This new development center of Wipro Technologies in Budapest will strengthen the company's platform for continued growth in Europe. With the launch of this center, the number of Wipro centers in Eastern Europe including Romania and Poland, now stands at four and complements the over 20 Wipro delivery centers already active in Europe.

Mr. Jack Smies, Vice President and European Head of Global Media and Telecom, WiproTechnologies said, "We are fully committed to our relationship with Magyar Telekom. This important investment complements our longer term goals in the region; delivering services in closer proximity to our clients and leveraging the local talent pool better. The net result will be services delivered locally, set against global best practices that, when combined, will deliver a successful transformation program at Magyar Telekom."

Wipro Ltd. (NYSE: WIT)

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