Wipro to Offer Advanced Connected Car Services UsingAgnik's Big Data ... - MarketWatch ~ Electronic Gadgets

BANGALORE, India & EAST BRUNSWICK, New Jersey, Feb 20, 2014 (BUSINESS WIRE) -- Wipro Ltd. /quotes/zigman/267974/delayed/quotes/nls/wit WIT -0.08% , a leading global Information Technology, Consulting and Outsourcing company, today announced it will collaborate with Agnik, a cloud-based vehicle performance Big Data analytics software company to offer advanced connected car information technology services and platforms for the automotive industry. The services will be powered by Agnik's Big Data Analytics products, which analyze vehicle and driver performance information along with context data using a blend of onboard and cloud-based distributed analytics.

Wipro's rich experience of customer engagements in the automotive sector has enabled it to offer advanced telematics services that offer a deep connect for vehicle owners and vehicle-related service providers with the vehicle. Wipro brings extensive expertise in automotive solutions (passenger and commercial) and off highway / heavy vehicles. Wipro offers end-to-end IT solutions in Connected Service Transformation covering remote telemetry, M2M based service transformation, warranty, dealer systems and analytics.

Advanced Big Data solutions for connected car environments help the automotive industry better understand vehicle performance, automotive business, and connect with customers at a deeper level to improve efficiency and brand-loyalty. Wipro will use Agnik's analytics products in order to offer automotive companies a unique solution to enable proactive maintenance of vehicles, encourage safe driving, and present a highly personalized customer experience. Wipro will integrate, and support (IT and BPO) connected vehicle solutions for OEMs and automotive suppliers (ODM/Tier1s).

Agnik's suite of analytics software products provide wide range of powerful yet easy-to-use cloud-based tools that transform data about vehicle performance and user experience into valuable insights, highly coveted by companies in the automotive industry for connecting with car owners at a deeper level. Agnik offers a unique approach to Big Data Analytics for connected car environments which include an industry-leading advanced data stream management, mining software for onboard analytics inside the vehicle and highly scalable cloud-based analytics by mashing telematics data with wide range of non-telematics data. Agnik's products are designed to mine large scale vehicle and driver performance data in a distributed cloud-environment, providing varieties of use-cases including warranty management, detailed prognosis, failure modeling, geo-spatial analytics, actuarial analysis for insurance, advanced CRM services powered by computational advertisement algorithms among others.

"Wipro is excited to work with Agnik and bring an innovative connected car solution to the automotive industry and aftermarket businesses," said Srinivas Rao, Vice President and Head of Service Transformation Group within Wipro's Manufacturing & Hi-tech business unit. "Our deep investment and expertise in the machine-to-machine (M2M) space and particularly in connected car environments along with world-wide engagement with automotive companies will be further enhanced by this new cutting-edge solution from Agnik which is based on decade long research. We believe advanced personalized analytics will have a deep game-changing impact in the connected car applications for the automotive industry."

"Agnik is pleased to support Wipro's platform and services offerings in the automotive-related markets with our niche products," said Dr. Hillol Kargupta, Co-Founder and President, Agnik. "Agnik offers a comprehensive set of telematics products powered by our patented, onboard data-stream mining technology and wide range of cloud-based analytics for consumer and commercial connected car environments."

Wipro is a member of the Car Connectivity Consortium (CCC), a body dedicated to developing cross-industry collaboration global standards and solutions for smartphone and in-vehicle connectivity.

About Wipro Ltd Wipro Ltd. /quotes/zigman/267974/delayed/quotes/nls/wit WIT -0.08% is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization-wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 61 countries. For more information, please visit www.wipro.com .

About Agnik Agnik is a cloud-based vehicle performance Big Data analytics software company with wide range of telematics products and platforms for the consumer, fleet, insurance, vehicle-repair-services and automotive OEM markets. Agnik's onboard data stream mining software manages many in-vehicle devices. Agnik's technology powers many products in the consumer and commercial fleet market. Agnik powered products received the 2013 Frost & Sullivan North American Automotive Usage Based Insurance Customer Value Enhancement Award and 2010 Frost & Sullivan North American Enabling Technology of the Year Award in Commercial Vehicle Telematics. Agnik also received the Top-10 Data Mining Case Study Award by IEEE for demonstrating its success in solving real-world challenges using its advanced vehicle performance data mining products. For more information about Agnik please visit www.agnik.com .

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 Ltd.

Wipro LimitedVipin Nair, +91 80 39916260 vipin.nair1@wipro.com orSubhashini Pattabhiraman, +91 80 39916558 subhashini.pattabhiraman@wipro.com

/quotes/zigman/267974/delayed/quotes/nls/wit