East Brunswick, New Jersey, United States & Bangalore, Karnataka, India
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced a partnership with Hewlett Packard Enterprise (HPE) to offer IT infrastructure solutions in a consumption-based or pay-per-use business model for enterprises. This model for IT Infrastructure procurement and provisioning will be offered to both Wipro and HPE’s customers, globally.
As a part of this alliance, Wipro will leverage HPE Flexible Capacity to offer flexible and scalable IT infrastructure services in a consumption-based IT model, accelerate growth and enable digital transformation for its customers. HPE’s scalable consumption-based IT model of provisioning and procurement coupled with Wipro’s industry proven end-to-end suite of IT Infrastructure services, and global delivery capabilities will enhance the security, agility, scalability of customers’ IT infrastructure, and help them ascertain and regulate the public cloud economics of their data centers.
Sharing the stage with Meg Whitman, Chief Executive Officer, HPE at the HPE Discover 2017 in Las Vegas, Abidali Z. Neemuchwala, Chief Executive Officer & Executive Director of Wipro Limited highlighted the strategic importance of Wipro’s partnership with HPE to develop a true, as a service model of technology consumption for customers. He added, “This business model, an innovation in the IT infrastructure space, is a step towards enabling Wipro’s vision of an industry powered by ‘as a service model’ through variable pricing of the entire IT infrastructure value chain.”
Kiran Desai, Senior Vice-President and Head - Global Infrastructure Services, Wipro Limited said, “We are very excited about our collaboration with Hewlett Packard Enterprise on the consumption based IT model. We are confident that this business model will help us fulfill the requirements of our customers for truly on-demand, agile and secure IT infrastructure.”
Olivier Suinat, Senior Vice President, Global Sales at HPE said, “Businesses need an agile IT foundation that can scale up quickly to accommodate growth and power new initiatives. Our collaboration with Wipro delivers the agility and economics of a public-cloud experience with the control and performance benefits of on-premises IT.”
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 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
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.
CyberArk Acquires Vaultive to Advance Privileged Account Security for the Cloud
CyberArk (NASDAQ: CYBR), the global leader in privileged account security, today announced the acquisition of certain assets of privately-held Vaultive, Inc., a cloud security provider. The deal closed today.
The CyberArk Privileged Account Security Solution is the industry’s most comprehensive solution for protecting against privileged account exploitation anywhere – on-premises, in hybrid cloud environments and across DevOps workflows. Building upon the Vaultive technology, CyberArk will deliver greater visibility and control over privileged business users, and Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) administrators. By delivering a cloud-native and mobile experience, Vaultive will extend the CyberArk solution to these highly privileged users, which are frequent targets for cyber attacks.
“The Vaultive team brings innovative technology and advanced cloud industry experience to CyberArk. We look forward to incorporating the technology to add additional depth and proactive protection for enterprises facing an expanding attack surface in the cloud,” said Udi Mokady, chairman and CEO, CyberArk. “Vaultive provides a strong building block to accelerate CyberArk’s cloud security strategy, making CyberArk the only vendor able to extend privileged account security to administrators and privileged business users in cloud environments with this level of granularity and control.”
According to IDC, worldwide spending on public cloud services and infrastructure is forecast to reach $277 billion in 2021.1 Privileged business users and SaaS, IaaS and PaaS administrators have broad and often unlimited access to a range of social media, web-based sales operations and financial applications. That access must be monitored and controlled consistently across multiple types of applications, and be done in a way that doesn’t change the way cloud administrators and privileged business users work.
“I'm extremely proud of everything that the Vaultive team accomplished," said Ben Matzkel, founder and CTO, Vaultive. "It's becoming increasingly clear that customers desire a unified security approach that extends from the data center to the cloud. Fortified with Vaultive's technology and its team, CyberArk is uniquely positioned to meet this critical need. We look forward to working closely with CyberArk customers around the world to advance their privileged account security strategies for the cloud.”
This acquisition furthers CyberArk’s leadership in securing modern infrastructure and applications. Using CyberArk Conjur, organizations gain a comprehensive secrets management solution for DevOps toolchains and cloud-native applications. Additionally, CyberArk offers cloud platform support across AWS, Microsoft Azure and Google Cloud Platform (GCP) and has validated the ability to stand up a privileged account security solution in AWS in 15 minutes or less. With the acquisition of Vaultive, CyberArk extends its leadership to secure privileged access to SaaS, IaaS and PaaS applications by administrators and privileged business users.
Vivo partners with China Mobile to drive 5G advancement
Vivo announced its partnership with China Mobile on the “China Mobile 5G Device Forerunner Initiative” at the GTI Summit 2018 at Mobile World Congress. Combining the efforts of industry players including Vivo, the program will accelerate the development of next generation 5G devices. The program aims to launch the first batch of 5G pre-commercial devices for scale-up trial application showcase, plus establish support for the development of 5G devices, chipsets and component supply chains. Shi Yujian, Senior Vice President and Chief Technology Officer of Vivo attended the summit and joined discussions on the latest R&D of 5G devices with industry leaders from other partner companies.
The “China Mobile 5G Device Forerunner Initiative” led by China Mobile brings together more than 20 of the industry’s most influential and capable chipset manufacturers, component manufacturers and end-solution providers, forming a strong industry ecosystem for 5G development.
Vivo outlines 5G device commercialization
“The smartphone industry’s growth is increasingly driven by the user experience, which has significantly grown the influence of smartphone manufacturers on communication standards and regulations. For Vivo, 5G is both an opportunity and a challenge as technology changes emerge
more rapidly so the pace of market change is faster than ever. Continuous innovation is the only way to forge ahead in today’s dynamic era,” Mr. Shi said at the event.
5G networks will deliver higher speeds, lower latency and more bandwidth than ever. As applications of these key features in mobile communications broaden, 5G devices will take on different forms. While AR/VR and wearables continue to evolve, the 5G smartphone will continue to be the core platform for mobile users with its unmatched user base size.
Vivo believes the 5G smartphone will act as a hub for Smart Sensors, Smart Control and Smart Services. Smartphones will detect and analyze user behaviour, form a control centre for the Internet of things and deliver personalized AI-enabled services. Vivo also plans to launch its 5G pre-commercial devices by 2019 and officially release a commercial 5G smartphone by 2020.
Long-term commitment to 5G development
Vivo began its research into 5G not long after the International Telecommunications Union (ITU) shared their vision of 5G. Vivo set up its 5G Research Institute in Beijing in 2016 and became one of the largest device providers at the 3GPP group to help develop 5G technologies. In the past year, Vivo has activated 5G antenna and frequency related development to further accelerate Vivo’s pace of 5G innovation. Vivo’s partnership with China Mobile on 5G started in 2016 with a joint solution that reduces power consumption of 5G devices. Vivo was also a key contributor to the China. Mobile led GTI 5G Device Whitepaper and China Mobile 5G Technical Requirements for Large Scale Field Trial.
To enable the unique consumer experience shifts that 5G will bring, Vivo has also been working closely with Qualcomm on a 5G demonstration to showcase the power of 5G applied across a range of end-to-end usage scenarios.
Epson Takes the Lead in the Inkjet Printer Market in India
Epson, the world leader in digital imaging and printing solutions, today announced that it has secured the No.1 position in the Inkjet printer market (by Volume and Value) for the calendar year 2017, as per a leading research firm*. Epson attained the No. 1 position for the calendar year 2017, after beating competitors including HP and Canon. Inkjet printers led the overall market with 52.2% share in Q4 2017.
As per IDC's Hard Copy Peripherals (HCP) Quarterly market report (2017 Q4), Epson sold 705,656 inkjet printers in CY 2017 to lead the market. Epson captured 42% of the Inkjet market by Volume and 54% in value, while HP followed with a volume market share of 40 % and value share of 32%. Canon lagged behind at 16% volume share. Epson has been the leader in the Inkjet market by Value share for a few years now. As per IDC, Epson L380 has been the highest selling printer model in the Inkjet category. Epson M-series (Monochrome InkTank) witnessed significant growth from Tier 2 and 3 cities as channel partners effectively developed newer markets such as Cooperative banks, State Government, etc. where end consumers preferred the Mono InkTank to a Mono Laser printer.
"It’s been a great year for Epson and we are delighted to have achieved the No. 1 spot in the Inkjet printer market by value and volume for the calendar year 2017. At 54%, we have captured the majority of the market in terms of value. It is a great testimony towards our investment in technology and building commercially viable products. Epson were the pioneers and the first to launch InkTank printers in India. Since then, Epson's InkTank Printers have been embraced by cost and quality conscious consumers across segments, be it home usage, commercial usage in print and copy shops or office usage for black and color printing.” said Mr. Samba Moorthy, Vice President-Sales & Marketing, Epson India.
InkTank printers were first introduced by Epson in 2011 and have helped consumers across the home, commercial and office segments to print more by keeping the cost under control. The extremely low cost per print of 7 paise for Black and 18 paise for Colour** offered by Epson struck a chord with consumers and Epson has seen sale of InkTank printers in India go up exponentially over the years. In January 2018, Epson launched 5 new WiFi InkTank printers – L4150, L4160, L6160, L6170, and L6190. These new WiFi InkTank printers are compact with the integration of the ink tank into the printer, unlike the previous models. The L-series WiFi printers lower the total cost of ownership to businesses with its ultra-high page yields of 7,500 Black pages and 6,000 color (CMY) pages for each complete set of 4 ink bottles. The new L series WiFi printers offer the smallest footprint amongst all brands of InkTank printers. The cumulative global sales of Epson's high-capacity InkTank inkjet printers have surpassed 20 million units. In India alone, Epson has sold over 2 Million InkTank printers since its launch.
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