Verizon Business and Wipro partner to accelerate network transformation with Network-as-a-Service offering
November 30 2022 - 4:00AM
Verizon Business, today announced a global Network-as-a-Service
(NaaS) partnership with Wipro Limited (NYSE: WIT, BSE: 507685, NSE:
WIPRO), a leading technology services and consulting company, that
will accelerate the network modernization and cloud transformation
journey for businesses.
Wipro’s Network-as-a-Service (NaaS) solution, powered by Verizon
Business will include a range of pre-configured and tested service
chains on a subscription-based consumption model, designed to drive
network consumption infrastructure on demand.The multi-year
partnership will enable Wipro to transition customers from legacy
cycles of deploying hardware, applications and services to an
automated, self-healing, and highly secure network service
environment.Massimo Peselli, Senior Vice President and Chief
Revenue Officer, Global Enterprise and Public Sector for Verizon
Business said: “Many organizations want to get out of endless
technology refresh cycles but they face the twin challenges of
traditional hardware and fixed infrastructures. Our partnership
with Wipro will enable businesses to future-proof their network in
a manner that is more flexible, agile and predictive, centered
around their specific needs.”A recent IDC survey of over 400
technology-buying decision makers across the globe revealed that
69% of respondents are planning a network transformation investment
in the next 12 months. NaaS has increasingly begun challenging
legacy commercial models that require large upfront capital costs
by providing more flexible, subscription-based services that can
more easily be modified as needs change. The technology has
accelerated the implementation of new digital technologies such as
AI/ML, 5G, IoT, advanced robotics, blockchain, AR/VR, and
voice-assistance. Jo Debecker, Senior Vice President & Global
Head, Cloud and Infrastructure Services, Wipro Limited commented:
“Our joint NaaS offering brings together two industry leaders to
drive this unique value proposition that will help our customers
keep pace with changing demands of the cloud and network
infrastructure while achieving operational efficiencies and agility
at scale.”Today’s agreement brings together two network industry
leaders. Verizon has been named a Leader in Gartner® Magic Quadrant
Network Services, Global for the last 16 years and manages more
than 4,300 networks globally. Wipro is a Leader in Gartner® Magic
Quadrant for Managed Network Services and manages over 500+ Network
and data center facilities across geographies and different
industries .
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading
technology services and consulting company focused on building
innovative solutions that address clients’ most complex digital
transformation needs. Leveraging our holistic portfolio of
capabilities in consulting, design, engineering, and operations, we
help clients realize their boldest ambitions and build
future-ready, sustainable businesses. With over 250,000 employees
and business partners across 66 countries, we deliver on the
promise of helping our customers, colleagues, and communities
thrive in an ever-changing world. For additional information, visit
us at www.Wipro.com.
About VerizonVerizon Communications Inc. (NYSE,
Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s
leading providers of technology and communications services.
Headquartered in New York City and with a presence around the
world, Verizon generated revenues of $133.6 billion in 2021. The
company offers data, video and voice services and solutions on its
award-winning networks and platforms, delivering on customers’
demand for mobility, reliable network connectivity, security and
control.
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media
contacts and other resources are available at verizon.com/news.
News releases are also available through an RSS feed. To subscribe,
visit www.verizon.com/about/rss-feeds/.
Media contact: Nilesh Pritam, Verizon+65-6248
6599nilesh.pritam@sg.verizon.com
Nitin Shahani, Wipro+91-8378990731nitin.shahani@wipro.com
Verizon Communications (NYSE:VZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Verizon Communications (NYSE:VZ)
Historical Stock Chart
From Apr 2023 to Apr 2024