Wipro bags contract from Speira for Scalable IT Solutions; Stock trades lower

15 Mar 2022 , 12:42 PM

Wipro Limited has bagged a contract from Speira which has operations in Germany and Norway. Over the next five years, Wipro will work to strengthen the technology infrastructure and cybersecurity requirements of Speira.

Speira was formed in 2021 when Norsk Hydro Group entered into an agreement to sell its Rolling business to KPS Capital Partners. Speira operates seven manufacturing facilities and an R&D center across Germany and Norway.

Over the next five years, Wipro will work to strengthen the technology infrastructure and cybersecurity requirements of Speira as it embarks on a journey guided by a three-pronged focus centered on sustainability, innovation, and new product development.

At around 12.45 pm, Wipro Ltd was trading at Rs593.45 per piece down by Rs4.5 or 0.75% from its previous closing of Rs597.95 per piece on the BSE.

“Reliable security solutions are becoming increasingly important in today’s business environment. Wipro provides a secure environment for internal employees and plant workers that is scalable and equipped for growth,” said Hans Petter Larsen CIO, Speira.

“Wipro understands the importance of cloud security, particularly within the industrial sector, and has the perfect blend of expertise and experience to support the complex needs of one of the leading global aluminium manufacturers.

Speira, operating globally, requires a fast-acting and reliable partner to both secure and expand its cloud capabilities within our five-year-long partnership. During this time, Wipro will develop solutions that solidify Speira’s cloud infrastructure and accelerate growth. This is the first step towards a broad strategic partnership between the two companies,” said Vinay Firake, Senior Vice President & Managing Director — Nordics, Wipro Limited.

Speira’s journey, supported by technology solutions from Wipro, builds on more than one century of aluminium rolling and recycling experience and technical expertise.