Wipro Infotech forms joint venture with Dar Al Riyadh

IT services outfit Wipro Infotech has announced a joint venture with Saudi Arabia’s Dar Al Riyadh Group. The new venture, which will be named Wipro Arabia, will offer a comprehensive range of IT solutions including application development and management, package implementation services and systems integration.

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By  Stuart Wilson Published  January 24, 2007

IT services outfit Wipro Infotech has announced a joint venture (JV) with Saudi Arabia’s Dar Al Riyadh Group. The new venture, which will be named Wipro Arabia, will offer a comprehensive range of IT solutions including application development and management, package implementation services and systems integration. Prince Turki A. Abfulrahman, CEO at Dar Al Riyadh Group, said: “We have been committed to delivering best-of-breed IT solutions to our customers in Saudi Arabia with the highest standards of quality and customer satisfaction, this joint venture is another significant step in that direction. It has been our business philosophy since inception to combine local knowledge with leading international partnerships to bring value to our customers.” “Our customers can now access robust IT solutions, which allow them to scale their businesses seamlessly. The JV will provide significant opportunities to Saudi nationals to build strong careers in the area of information technology,” he continued. Suresh Vaswani, president at Wipro Infotech, said: “The JV is a strategic move by both the partners and demonstrates our commitment to invest in the Saudi Arabian IT services market.” “Through the JV, the customers will have access to Wipro’s broad portfolio of IT solutions customized for their business needs through a very strong local engagement model, Vaswani added. Dar Al Riyadh is a diversified company with multiple business interests including engineering services, industrial products, systems and integration as well as IT. The new JV is expected to provide a scalable and efficient model for both partners to address the fast-growing Saudi IT services market. Rajat Mathur, chief executive for international operations at Wipro Infotech, commented: “We are very excited about the JV. This opens up significant business opportunities for JV in the Saudi Arabia IT services market. The highly efficient operating model enabled by the JV provides business scalability and strong customer centricity in our operations in the region.” Vaswani concluded: “Wipro has established itself amongst the leading system integrators in Saudi Arabia. The JV provides a strong operationally efficient platform for scaling our presence further in the region. It will transform the customer experience significantly by seamlessly combining Wipro’s broad IT solutions portfolio, deep domain and technology expertise, and global delivery platform with Dar Al Riyadh’s strong footprint and knowledge of local business requirements. This is a unique combination which customers can leverage extensively to transform their business operations through the use of IT.”

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