Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global
information technology, consulting and business process services
company, and Moogsoft, a pioneer and leading provider of artificial
intelligence for IT operations (AIOps), today announced a partnership.
Wipro will leverage Moogsoft’s industry-leading platform to deliver
next-generation artificial intelligence for IT operations (AIOps)
solutions for its customers.
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Moogsoft’s AIOps platform, powered by purpose-built Machine Learning
(ML) algorithms, helps IT teams in the real-time detection and
remediation of IT incidents across applications, networks and IT
infrastructure, ensuring continuous service delivery for customers.
Wipro HOLMES™, Wipro’s AI and Automation platform, in partnership with
Moogsoft, will provide end-to-end capabilities in AIOps transformation.
This partnership will help customers dramatically improve the business
availability of IT through unified alert management, root cause
analysis, proactive anomaly detection and predictive capabilities. It
will enable Wipro to accelerate its customers’ digital transformation
journey, and deliver increased business agility, developer productivity,
and improved user experience.
Kiran Desai, Senior Vice President and Global Head, Cloud and
Infrastructure Services, Wipro Limited said, “Moogsoft is an
industry leader and our key partner in the AIOps solutions space. We
have also invested in the company through Wipro Ventures, the strategic
investment arm of Wipro Limited. Moogsoft’s industry-leading AIOps
platform will enable our customers to adopt a more proactive and
situation-aware incident management approach. We are confident that this
partnership will strengthen our AIOps practice for the managed services
provider market.”
Phil Tee, CEO and Founder, Moogsoft said, “Wipro has built an
impressive AIOps practice to help global organizations accelerate their
digital transformation initiatives, which demand continuous service
assurance. The combined might of Moogsoft and Wipro will transform the
economics of IT Operations and IT support alike by enabling proactive
detection of outages, early warning of relevant alerts, and reduced
actionable workloads on IT and DevOps teams. The patented capabilities
of our AIOps platform, combined with Wipro’s market reach and strong
managed services portfolio, will enable customers to become more agile
and reduce business risks.”
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global
information technology, consulting and business process services
company. We harness the power of cognitive computing, hyper-automation,
robotics, cloud, analytics and emerging technologies to help our clients
adapt to the digital world and make them successful. A company
recognized globally for its comprehensive portfolio of services, strong
commitment to sustainability and good corporate citizenship, we have
over 175,000 dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better and a
bold new future.
About Moogsoft
Moogsoft is a pioneer and leading provider of AIOps solutions that help
IT teams work faster and smarter. With patented AI analyzing billions of
events daily across the world’s most complex IT environments, the
Moogsoft AIOps platform helps the world’s top enterprises avoid outages,
automate service assurance, and accelerate digital transformation
initiatives. Founded in 2011, Moogsoft has more than 120 customers
worldwide including SAP SuccessFactors, American Airlines, GoDaddy,
Yahoo! and HCL Technologies. It has established strategic partnerships
with leading managed service providers and outsourcing organizations,
including AWS, Cisco, and Wipro. Moogsoft® and the Moogsoft logo are
proprietary trademarks of Moogsoft Inc. All other products or names may
be trademarks of their respective companies. Website: www.moogsoft.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.
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