Bangalore based IT firm Wipro has been commissioned by GM for a US$300 million IT project.
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The contract will be delivered over five years as part of a $15billion future information technology programme given to six large IT companies globally including EDS, HP, CapGemini, IBM, Compuware Covisint and Wipro.
Suresh Senapaty, Wipro’s CFO, said that “the contract would kick in from June…and was significant since GM had clubbed all its IT outsourcing jobs into one pile and had invited bids. GM intends to create an integrated IT platform that seamlessly knits all its businesses across the world against the earlier practice of breaking them up into regional hubs.”
The contract is termed as the ‘middleware’ segment which would provide application development, maintenance, data integration, data migration work to GM.
The sales generated by GM at Wipro would stand to double with this deal as “GM has contributed close to $30m in the last four quarters, so they are one of our big clients,’’ said Sudip Banerjee, president, Enterprise Solutions, Wipro.
The $300m contract will earn Wipro $60m a year.
Further, once GM’s telecom contracts expire at the end of 2006, they will be awarded later in 2006, said company officials.
Deepesh Rathore / Tilak Swarup
