03 March 2008

Siemens PLM Software Expands Alliance with Wipro Technologies to Further Enhance Value Delivery in High Tech and Telecommunications Sectors

PLANO, Texas and BANGALORE, India, March 4, 2008 - Siemens PLM Software, a business unit of Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, and Wipro Technologies, global IT services division of Wipro Limited (NYSE:WIT), today announced a global consulting and systems integrator alliance to provide optimized PLM software and services to help customers enhance efficiency and top line growth. The cross-industry alliance, which will address all manufacturing sectors, will primarily focus on the High Tech and Telecommunications sectors.

PLM is emerging as a key area of investment for manufacturers driving to expand collaborative product development and shorten product lifecycles. The companies will leverage Siemens PLM Software’s industry leading PLM technology and Wipro Technologies’ deep industry experience to bring high value solutions to major High Tech and Telecommunications companies and their extended value chains.

“Siemens PLM Software and Wipro bring complementary PLM expertise to the table,” said N S Bala, senior vice president, Manufacturing Solutions Group, Wipro Technologies. “This alliance will add tremendous value to Wipro’s service offerings that enable its manufacturing clients to develop a Collaborative Value Network – an ecosystem of partners that create value through collaboration.”

“We see India based technical services firms rapidly ascending in presence and influence with key companies that invest in the value of PLM,” said John Graham, executive vice president, Global Sales and Services, Siemens PLM Software. “We are pleased to have a consulting and systems integrator alliance with Wipro, a top tier firm with a long proud history that is a services provider and partner to the some of the most prominent companies in High Tech and other major industries.”

As part of this expanded alliance Wipro has invested in a Teamcenter® PLM lab to augment the NX® lab currently in place with Siemens PLM Software. These labs act as platforms for advanced solutions development and competency expansion.

Wipro has worked with several of its clients in the Automotive, Aerospace, High Tech and Heavy Engineering industries in the areas of PLM strategy consulting; end-to-end product implementations; and testing and roll out of PLM solutions.

About Wipro

Wipro (NYSE:WIT) is a $4 bn global provider of IT Services, Outsourced R&D, Infrastructure Outsourcing, Business Process Services, and Business Consulting. With 25 years in the global delivery of technology services, Wipro is the world’s largest third-party provider of R&D services and the world’s first PCMM and CMMi level company. Wipro’s formal structure for innovation has resulted in reusable frameworks, components, and IP that speeds time to market and reduces the cost of innovation for their clients. Wipro’s commitment to listen to our clients and engage with them as partners for the long-term is a constant, resulting in a repeat business ratio of 96%.

Rated by industry analysts as a leader in global package implementation projects, CRM services, and Infrastructure Management among offshore firms, Wipro has won global recognition and awards for innovation and outsourcing excellence.

About Siemens PLM Software

Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with 4.6 million licensed seats and 51,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software’s open enterprise solutions enable a world where organizations and their partners collaborate through Global Innovation Networks to deliver world-class products and services. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.

About Siemens Industry Automation Division

The Siemens Industry Automation Division (Nuremberg), a division of the Siemens Industry Sector, is a worldwide leader in the fields of automation systems, low-voltage switchgear and industrial software. Its portfolio ranges from standard products for the manufacturing and process industry to solutions for whole industries and systems that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers – from product design and development to production, sales and a wide range of maintenance services.

Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. Teamcenter and NX are trademarks or registered trademarks of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.