Cisco, Wipro Enter Technology Alliance

NEW DELHI (AP) — Cisco Systems Inc. and Indian software company Wipro Ltd. agreed Wednesday to develop information technology in an alliance that could fetch $1 billion in new business annually for the two companies.
Under the agreement, San Jose, Calif.-based Cisco and Wipro will develop and deliver software services that incorporate Cisco's networking technology and Wipro's expertise in outsourcing, according to a joint statement. The services will be offered globally, with an initial focus on India, the Middle East and Africa.
"This strategic alliance illustrates Cisco's commitment to building relationships with new partners in emerging parts of the world," said Wim Elfrink, Chief Globalization Officer at Cisco. Three years from now, the alliance could mean an extra $1 billion in annual revenues to the two companies, Elfrink said.
Cisco will set up a center at Wipro's campus in Bangalore, where the companies will work together to develop new products, the statement said. In the future, Cisco and Wipro will collaborate to develop solutions to support sectors such as health care, financial services, retail, real estate and transportation.
Global technology companies have increasingly partnered with Indian outsourcing firms to expand their customer base and streamline their operations.
Cisco said Tuesday it was doubling the amount of capital it has invested in India to $200 million to support innovations by companies there.