Wipro - Stibo System tie up to offer MDM solutions

Wipro - a leading global IT service provider, announced on Monday, that the company has come into a partnership with Stibo System in order to offer Master Data Management (MDM) solutions. 

The partnership move is to focus on building trust-worthy data foundations to support joint customer derive accurate insights as they embrace digital transformation. 

As a part of the partnership, Wipro and Stibo also plans to set-up a state-of-the-art MDM centre of excellence (CEO) in Bangalore to showcase industry best prectices, standards and guidelines that can be leveraged for customer projects.

Pallab Deb, Vice President & Global Head - Analytics of Wipro said, In an increasingly digital world, it is imperative that organizations implement a modern and more importantly, proven, data and analytics strategy, that enables them to apply insight to actual business practices. Wipro's deep multi-domain MDM expertise combined with Stibo Systems will empower our customer by providing them with trusted information and insights, that can tranform the way they conduct business."

This partnership along with Stibo's MDM solution Step Trailblazer will enhance the scope and value solutions that be offered to customers, worldwide. The Step Trailblazers solution provides users with a powerful, edible grod-based view of product data. 

While Andreas Lorenzen, President of Stibo System said," Stibo Systems consistently works with partners to curb innovation, which has translated into faster implementation times, increased ROI (return on investment) and overall greater business value for our customers. 

Stibo System is confident that the partnership with Wipro will be a welcome gate for enhancing and strenghtening its customer base. 

The share price of Wipro closed at Rs 478.55 down by Rs 11.40 or 2.33%. 

However, the IT major recently travelled with a negative June quarter 2016 (Q1FY27). It's consolidated net profit for the given quarter declined was to Rs 20,590 million, a decline of 7% as against Rs 22,074 million in the same period of last year.