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Wipro Bags A Five-Year Deal From Fortum

Wipro Bags A Five-Year Deal From Fortum

Wipro Bags A Five-Year Deal From Fortum

Wipro, IT services major, has recently announced that it has bagged an application management and services integration and management contract from Fortum, a clean-energy company headquartered in Espoo, Finland. This news came after its recent acquisition of Eximius Design during its time of second-quarter earnings.

Fortum is a European energy company working in more than 40 countries, and the third-largest power generator and the largest electricity retailer in the Nordic countries. According to the news, as a part of the five-year deal, Wipro will manage Fortum’s application portfolio across hundreds of applications for more than 11,500 users across 18 countries and provide 24/7 support for business-critical applications. However, the financial details of the deal weren’t disclosed.

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As per the official statement of the company, Wipro is going to leverage its artificial intelligence and automation platform, Wipro HOLMES. This will enable the process automation for enhanced end-user experience, while Wipro’s SIAM transformation solution will help Fortum to consolidate and govern its multi-supplier ecosystem.

When asked the Fortum, its VP of operations services and business technology, Tuomas Salosaari stated to the media that the company Wipro was chosen as a partner because of their experience and capability in providing a flexible and efficient solution for us. 

Fortum believes that this partnership will be a true win-win relationship for both companies. Adding to that Sarat Chand, the VP of EMEA utility business head at Wipro stated to the media that the engagement with Fortum is aligned to its current strategy of assisting clients in navigating the energy transition towards a sustainable world.

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Wipro’s five-point strategy includes a massive focus on growth with a higher emphasis on existing clients and large deals, and this deal with Fortum will help the company meet its goals of growth and large deals.

He said, “The accelerated trend of supply-demand and energy-conscious prosumers is driving a clean energy revolution faster than before, inspiring innovation and partnerships like these.” This five-year deal will be completed in the midst of the COVID pandemic.

In addition to this, Carl-Henrik Hallström, the head of Nordic and Baltic Region of Wipro believes that this partnership is a critical step forward in the company’s strategy for the Nordic and Baltic region. It is going to be a good match between these two companies, in the energy industry and in the technology services industry, to drive innovation and growth.

It’s been a decade that the company Wipro has been working in the Nordic and Baltic region and addresses customers across the manufacturing, energy, natural resources, utilities, financial services, telecom, healthcare and retail industry verticals. The company also has a presence in the region through its acquired entities – 4C, Designit and Topcoder.

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