Information technology firm Wipro said it won a five-year IT applications management contract from Outokumpu, one of the world’s biggest producers of stainless steel.
Shares of the company were marginally higher at 299 rupees, up 0.6%.
In 2014, the Finnish company had given a somewhat similar contract to the Bangalore-based firm, but the latest deal to be the company’s ‘strategic IT partner’ seems to cover more ground.
“As part of the five-year contract, Wipro will provide applications management services for Outokumpu’s SAP landscape along with legacy applications support to cover Outokumpu locations, globally,” it said.
In 2014, the company had said that it was selected as Outokumpu’s global prime partner for applications maintenance and development of legacy applications across ten countries including UK, Poland, Italy, Spain, Germany, Sweden, Finland, USA, Mexico and China.
Abidali Z. Neemuchwala, CEO and Member of the Board, Wipro Limited said, “Wipro has been committed to delivering business efficiency to Outokumpu over the last four years. I am proud to win their continued confidence in us.
“We will leverage our strong understanding of the manufacturing business domain and capabilities in new and emerging technologies, to enable Outokumpu become more agile, deliver innovative products and solutions to their customers faster and strengthen their leadership position in the market place.”
The Nordic region has been a key market for Wipro since 1999.
It started its engineering and product R&D collaboration with two of the World’s largest telecom equipment manufacturers and set up its first sales office in the Nordic region in 2006.
Today, Wipro has multiple offices in Nordic countries, localized teams and engagements with some of the top Customers in the region across manufacturing, energy, natural resources & utilities, telecom and retail Sectors.
The Indian company said it will deploy its artificial intelligence-powered platfomr HOLMES at the new engagement.
Roeland Baan, CEO, Outokumpu said: “Wipro has proven that they know how to support Outokumpu in our transformation. We look forward to their continued positive contribution and strengthening our partnership with Wipro.”