| |||||||
|
|
|||||||
The Next Generation
|
Wipro Technologies Acquires Gallagher Financial SystemsGFS now named Wipro Gallagher Solutions We are pleased to announce that Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), has completed an acquisition of Gallagher Financial Systems (GFS), Inc as of July 2nd 2008. The combined entity is now called Wipro Gallagher Solutions. Wipro delivers a broad range of solutions, including application development and maintenance, infrastructure management, e-enabling services, business process outsourcing, and consulting services, to clients in a broad range of verticals, including Finance Solutions and other enterprise markets like Retail, Manufacturing, Healthcare, Transportation, Telecom, etc. GFS Inc. is a leading provider of loan origination and processing systems through the NetOxygen product, which provides a true thin-client web-enabled solution, with support for multiple products and channels and flexibility to address varying client requirements. GFS is a proven solution, with successful implementations at several large and mid-tier banks in the US and has the inherent capability to be adapted for different loan products, like mortgages, HELOCs, auto loans, student loans, installment loans, etc. The combination of the two companies will enable a value proposition that includes integrated delivery of technology and services for loan origination. Initially, Wipro will be able to offer an end-to-end mortgage loan origination solution utilizing best-in-class NetOxygen technology and optimized business processes. Our clients will progressively realize benefits from a single source provider that can leverage the global delivery model, data center expertise, and application and infrastructure management, thereby optimizing their overall investment in loan origination and processing. |
||||||
Copyright © 2009, Wipro Ltd. All rights reserved. |
|||||||

