Wipro related news of this week

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Hi friends
One thing is very peculiar about wipro is that its media presence is very bursty. I mean some time a week long you will not get any news about wipro and some times you will get lots of news about wipro. Here is the week where i saw some 3 to 4 news about wipro....
I am posting those news here.

Wipro acquires Quantech Global
Wipro Technologies, the global IT services division of Wipro Limited, on Monday, announced plans to acquire Quantech Global Services in an all cash deal, for an undisclosed amount.
The consideration includes an upfront cash payment on closure of the transaction as well as an earn-out on achieving agreed financial targets over three years, said Chief Operating Officer, Wipro Technologies, D L Rao.
Mr Rao said Quantech is a leading provider of computer aided design (CAD) and engineering services to fortune 500 companies in the automotive, aerospace and consumer goods industries.




Wipro to develop Rs 200 cr campus in Vizag
Chief Minister YS Rajasekhara Reddy today laid the foundation stone for a Rs 200 crore Wipro Technologies campus at Vishakhapatnam.Wipro will invest the amount over the next four-five years in its campus, coming up on the seven acre land the Andhra Pradesh government has allotted to the IT major for a nominal cost.The allocation of land is in part of Andhra's bid to promote IT industry in the state.According to A Lakshman Rao, chief operating officer of Wipro, the company initially investment Rs 25 crore, and hire about 750 employees."We have plans to expand our activity by investing about Rs 200 crore over the next four-five years and create 6,000 jobs," he added.


Wipro chief sees rise in Indian R&D
"The U.S. will graduate more sports therapists this year than engineers," Azim Premji, chairman of Wipro, said at the Future in Review conference here Monday. "Engineering and medicine are the two most preferred professions in India, by far."

Software services still account for the largest percentage of Wipro's revenue, at about 60 percent, Premji said. But the company has become the world's largest independent provider of research and development services for other companies, and it hopes that the segment will account for 40 percent to 45 percent of Wipro's revenue over the next few years, Premji said in a brief interview following his public discussion with Rafiq Dossani, a senior research scholar at Stanford University.

Wipro, Oracle deploy online surveillance system in BSE
Wipro and Oracle recently implemented phase – I of the BSE’s Online Surveillance System-integrated (BOSS-i). BOSS-i caters to Bombay Stock Exchange’s (BSE) complex market vigilance requirements and promotes market integrity by providing a capturing trading data in Equities & Derivatives market.


Bye for now..... Actually my exams are going on these days......