DBT Bureau
Bengaluru, 27 November 2024
Wipro share price is hovering near its 52-week high level of Rs 596 on Wednesday morning as the company announced its deal extension with Italy-based Marelli. Marelli provides automotive solutions to global auto players.
In an exchange filing, Wipro on Tuesday said it bagged a four-year contract extension with Marelli worth $100 million.
As part of the extended deal, Wipro aims to drive Marelli’s cloud transformation while enhancing operational efficiency, fostering innovation, and expediting time-to-market for their products and services.
Under the project, Wipro’s FullStride Cloud Services will play a central role in migrating Marelli’s Milan Data Centre and local server rooms to a centralised cloud infrastructure. This strategic move will consolidate operations, enabling Marelli to respond quickly to market dynamics and maintain a competitive edge in the rapidly evolving automotive landscape.
The project will also has a mandate of upgrading employee support services with AI-powered virtual assistants, bolstering security through vulnerability management, and streamlining application maintenance services.
Commenting on the deal win, Graziella Neuvéglise, Regional Head and Managing Director for Southern Europe at Wipro, and the Executive Sponsor for Marelli said, “We are excited to begin a new chapter in our strategic partnership with our trusted partner,Marelli. Our wide-ranging expertise alongside our deep understanding of their needs means we will deliver a modernisation program specifically tailored to their needs.”
