Stream Technologies, a leader in IoT connectivity today announced a partnership with Wipro Limited (NYSE:WIT), a leading global information technology, consulting and business process services company, to jointly provide connectivity solutions around Machine-to-Machine (M2M) and the Internet of Things (IoT).
Wipro and Stream Technologies have formed a strategic partnership to provide network operators with M2M/IoT connectivity solutions that will help them reduce cost and open up new revenue streams. The agreement will enable network operators to manage all types of connectivity, cellular, satellite, and Low Power Radio, using one single carrier grade management platform. As part of the partnership, the companies will establish in country points of presence in order to offer low cost, IoT scale Platform as a Service (PaaS) to their customers.
Stephen Snyder, Head of Business Innovation , Global Media & Telecom at Wipro Limited, stated, "Wipro's partnership with Stream Technologies is driven by the growing demand and interest, across the globe, for M2M and IoT connectivity solutions, including LoRa. Our relationship with Stream Technologies will enable both companies to provide customers with a complete connectivity management solution with the best technology available at the lowest TCO."
Nigel Chadwick, CEO of Stream Technologies, commented, "A partnership is the right way of going to market in the M2M/IoT world. At Stream Technologies, we are actively focusing on our partnership strategy and by partnering with Wipro, we can now jointly offer connectivity solutions that will help our customers realize business opportunities in a simple, flexible and secure way."
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of over 150,000, serving clients in 175+ cities across 6 continents.
For more information, please visit www.wipro.com
About Stream Technologies Ltd
Stream Technologies is a pioneer in M2M communications and the IoT. Stream's IoT-X™ consists of three products. The award winning IoT-Xtend™ Connectivity Management Platform enables management of connected devices regardless of bearer technology. IoT-Xtend fuses subscriber management, billing, and advanced data routing onto a single platform to provide a software defined network experience more powerful than anything on the market. Stream's IoT-Xlerate™ is a complete ecosystem with a full suite of optional third-party services delivering end to end IoT solutions. IoT-Xpand comprises Stream's Global Wireless Connectivity solutions, with data plans for cellular and Satellite running on Resilient, Scalable, Manageable and Secure infrastructure that is up to 40% faster than most cellular network operators. Stream has a global footprint on over 600 networks covering multiple networking technologies. Founded in 2000, Stream is based in London, with a global presence in Dallas, Glasgow, Miami, San Jose, Singapore, and Vancouver.
Wipro 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.