Wipro Gallagher Solutions Introduces NetOxygen Cirrus

Fully Hosted, Fully Managed Solution Provides End-to-end Loan Origination
at a Fraction of the Cost.

FRANKLIN, Tenn. May 4, 2009 - Wipro Gallagher Solutions, Inc. (WGS), a leader in enterprise Loan Origination System (LOS) technology, announced the release of NetOxygen Cirrus, a WGS world-class technology that instantly builds the customers’ LOS business.

NetOxygen Cirrus is a web-based LOS that guides users through every step of the lending process, including point of sale, processing, marketing, closing, underwriting, funding, and post-closing. Built on industry-proven NetOxygen technology and based on decades of experience, NetOxygen Cirrus enables lenders to take advantage of a streamlined service to enter, monitor, and maintain loans through a scalable platform hosted by WGS or, set up at location of choice.

NetOxygen Cirrus contains robust functionality for lead management, integrated vendor services and workflow management, all of which contribute to automating and managing the mortgage process. The NetOxygen Cirrus workflow management feature employs predefined business rules to handle even the most complex lending scenarios by anticipating each step of the lending process to take the guesswork out of processing loans. The predefined workflow allows for control over user access and automates work-queuing for users. NetOxygen Cirrus' biggest advantages are that it increase revenues sooner as the implementation and go-live time is reduced, recovers lost revenue as there is no need to buy hardware or design a custom network architecture, reduces operational expenditure, improves quality, shortens training cycle, and improves performance with no hardware investments and no upfront license fees.

“NetOxygen Cirrus was developed using the same secure, reliable, and available platform that has been in the implementation process for years at some of the top lenders in the country,” said Sriram Srinivasan, Global Head, of Wipro Technologies’ Banking business unit. “It can be implemented in a matter of days, ensuring a fast ROI with no upfront investment in hardware or licensing costs using a pay-as-you-go variable cost model for all customers.”

“NetOxygen Cirrus provides a platform that allows each customer to grow easily,” added Sriram. “We look forward to seeing Cirrus shape the future of loan origination.”

About Wipro Gallagher Solutions

Wipro Gallagher Solutions designs, develops, and markets advanced systems targeted towards the mid-tier and large residential and consumer lending organizations. Its Internet-based open architecture technology is compatible with multiple hardware and software platforms and its customization abilities, scalability, and use of open standards differentiates it from competing products.

Wipro Gallagher Solutions recognizes that it must provide the profits necessary to prosper and grow in order to continue operations and meet corporate objectives. Management is committed to ensuring that customers derive value as represented by profit through use of its products and services. Company employees meet these objectives within a professional environment of equality, trust, and collaboration. Wipro Gallagher Solutions is a differentiated technology leader that allows its customers to achieve financial objectives in complex B2B e-commerce projects.

Wipro Gallagher Solutions, formerly Gallagher Financial Systems, was acquired by Wipro Technologies in July, 2008.

About Wipro Limited
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance services to corporations globally.

In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.

Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our website at www.wipro.com and www.wiprocorporate.com.

Media Contacts

India:
Radhika Mahadevan, Wipro Technologies
+91- 9945042603
radhika.mahadevan@wipro.com

Purvika Anand, Gutenberg Communications
+91 9901134441
purvika@gutenbergpr.com

United States:
Lavanya DJ, Gutenberg Communications
+ 212).239.8740
lavanya@gutenbergpr.com

Joey McDuffee, Wipro Gallagher Solutions
1.800.989.9996 or 615.221.7358
joey.mcduffee@wipro.com

Eric Belove, Wipro Technologies
+ 1 (732).216.6242
eric.belove@wipro.com

United Kingdom:
Rahul Kadavakolu, Wipro Technologies
+44 792 020 5496
rahul.kadavakolu@wipro.com

Shalini Siromani, Gutenberg Communications
+44.79.6066.3200
shalini@gutenbergpr.com