Bangalore, India and East Brunswick, New Jersey, USA – February 4, 2015 – Wipro Ltd. (NYSE:WIT) a leading global information technology, consulting and business process services company and SRC Cyber, LLC, a company specializing in cyber security products and services, today announced a global alliance. The two companies will jointly develop IT security products and provide consulting services that will serve organizations across the global energy and utilities industry value chain.
According to industry studies, in 2014 nearly 70% of companies across more than 10 countries with large economies said that they “have had at least one security breach that led to the loss of confidential information or disruption to operations” in the past year. Wipro and SRC Cyber’s joint value proposition is of strategic importance given this security environment.
Wipro brings a wide-ranging set of IT solutions for the cyber security domain and cyber security best practices in addition to proven domain expertise in the energy and utility sector, to this alliance. In addition, Wipro will provide access to a broad customer pool. SRC Cyber has expertise in solving enterprise challenges using its wide range of cyber solutions.
The joint offering aims to provide customers with an entire gamut of solutions and services, ranging from strategy development, compliance adherence, operations optimization to project delivery. Wipro’s global security consulting and energy domain expertise combined with SRC Cyber’s leading edge products and services for the energy and utilities industries will deliver a comprehensive set of solutions that will help customers address current and emerging threats.
In addition, Wipro and SRC Cyber will jointly help utilities recognize, address and mitigate internal threats arising from the human interface of their operations. This joint offering by Wipro and SRC Cyber will also help customers in North America comply with the NERC CIP (North American Electric Reliability Corporation Critical Infrastructure Protection) standards, a set of requirements designed to secure assets vital to reliably operating North America’s electrical grid.
“Wipro and SRC will collaborate on cyber innovation to deliver the next generation of technology solutions for the global energy and utilities market. This innovation will exploit recent advances in physical-cyber convergence, thereby delivering a strong suite of products and services focused on securing operational assets in energy and utility industries. We are excited to partner with SRC Cyber as our collective strengths will help shape the future of operational security and deliver differentiators that will keep our customers protected from malicious activity,” said Radha Swaminathan, Vice President and CTO of Energy and Utilities strategic business unit, Wipro Limited.
Joe Lauko, Managing Director for SRC Cyber said “We are confident that Wipro’s consulting and technology capabilities together with SRC Cyber’s breadth and depth in cyber technologies will offer customers a comprehensive solution. We are excited to leverage our shared expertise to help companies solve some of their biggest data and cyber security problems.”
Wipro is a leader in enterprise security services across security strategy, cyber security consulting, managed security services and security intelligence. Wipro consistently features in the list of top five global enterprise security services providers by independent industry analysts and its multiple industry awards and associations with key security forums are testaments of its commitment towards excellence in cyber security and compliance.