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RIT TECHNOLOGIES AND WIPRO SIGN COOPERATION AGREEMENT

Parties to work together to promote their integrated solutions in projects throughout India

RiT Technologies (NASDAQ: RITT), a leading provider of Intelligent infrastructure Management and cabling solutions announced that it has signed an MOU with Wipro Ltd. (NYSE:WIT), an international information technology, consulting and outsourcing company. Under the agreement, the parties will cooperate in identifying relevant projects in India and customizing their integrated solutions for projects, to maximize their business in India.

The cooperation between RiT and Wipro seeks to address challenges faced by IT departments in dynamic, complex and geographically distributed environments, along with the rising demand for bandwidth, storage and computing power with limited space and resources.

The RiT IIM solution provides complete visibility and control of all network physical components, optimizes service allocation to equipment and automates MACs, saving IT departments’ considerable resources and maintenance time.

In addition, RiT’s IIM solutions enable IT managers to detect points of failure, prevent downtime and improve network output. It also adds an extra layer of security, protecting mission critical communications networks by guarding from unauthorized connects and disconnects.

RIT TECHNOLOGIES And WIPRO Sign Cooperation Agreement
RIT TECHNOLOGIES And WIPRO Sign Cooperation Agreement

RiT is forming this partnership as a result of the growing demand in India for innovative IT solutions.  IT spending in India is projected to reach a total of $73.3 billion in 2015, a 9.4 percent increase from the $67.1 billion forecast for 2014, according to Gartner.

“Intelligent infrastructure solutions provide the flexibility and intelligence that IT departments need to respond to rapid growth”, said AssafSkolnik, VP Sales EMEA and APAC at RiT Technologies. “We are confident that our cooperation with Wipro will enhance our value proposition by leveraging Wipro’s vast experience, knowledge and presence in the Indian market, and is aligned with RiT’s strategy of expanding our activity within APAC”

Wipro, adds, “Intelligent infrastructure management helps Indian companies manage networks that are growing in size and complexity.  This cooperation between RiTand WIPRO will strengthen our joint  positioning  and help leading institutions meet their dynamic information needs with the most efficient use of IT resources.”