Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, announced that it will be launching a Technology Business Management (TBM) Practice as part of its strategic relationship with Apptio, a leading provider of technology business management (TBM) solutions that help organizations analyze, optimize, and plan technology spend.
TBM provides technology leaders with valuable insights, data and standards to communicate the cost, quality and value of technology investments to business partners. It is an essential component of any comprehensive business strategy and allows IT to transform into a services organization. IT as a Services Organization (ITaaSO) is a new operating model driven by an enterprise's specific use of infrastructure or technologies and focused on delivering value in a cost-effective manner.
Wipro will collaborate with Apptio to guide clients' digital transformation through three Apptio solutions: ApptioOne, Cloudability, and Targetprocess SaaS. This suite will provide companies with actionable insights about their technology investments to drive business decisions and innovation across their organization.
"As part of Wipro's CIO Advisory practice, our comprehensive range of TBM services will go beyond technology rollouts, cloud or digital-transformation initiatives. We view TBM as a fundamental part of the organization's DNA across the entire IT operating model, equipping the CIO and IT teams to operate as effectively as possible with the IT as a Services Organization model," said David Kenner, GM & Global Head CIO Advisory, Wipro Limited.
"Apptio's TBM consulting partners help businesses define strategy and vision while enabling organizations to codify TBM as part of their day-to-day operating model. Successful TBM initiatives require full buy-in from change leadership, as well as a commitment from all IT leaders. We're thrilled to work with Wipro as it expands its TBM focus and capabilities, creating more value for our joint customers," said Dave Scholtz, Vice President of Global Partner Strategy & Operations, Apptio.
By taking every aspect of modern business process into account - including organizational change management - Wipro provides a unique solution encompassing TBM, IT financial management and services transformation to align customers' IT practices and priorities with their business goals to ensure the business supports IT and vice versa.
Shares of Wipro Limited was last trading in BSE at Rs. 695.70 as compared to the previous close of Rs. 701.90. The total number of shares traded during the day was 273862 in over 5979 trades.
The stock hit an intraday high of Rs. 707.80 and intraday low of 681.85. The net turnover during the day was Rs. 190518085.00.