Wipro announced on Wednesday that it has won a five-year IT contract from Norway-based retail major Coop Norge Handel. As part of the deal, Wipro would transform Coop Norge’s SAP landscape. The financial details of the contract were not disclosed.
Coop Norge is a leading retailer in Norway with a market share of about 33 per cent and a presence of over 1,500 stores. Under the deal, Wipro would upgrade Coop Norge’s data centre infrastructure and gear it towards achieving superior performance. The IT engagement will benefit supply chain and distribution operations at the Norwegian retailer, among other functions, a Wipro statement said. It will enable Coop Norge to strengthen its move towards a more efficient operating model with increased reach and availability.
“We believe that Wipro has a compelling value proposition for us, in addition to the company being a good cultural fit with Coop Norge. With our SAP and data centre infrastructure supported by Wipro, we can drive further efficiencies, and most importantly, bring about joint innovations to serve our customers better,” said Magne Solberg, chief information officer at Coop Norge Handel AS.
Wipro’s retail practice has domain and IT expertise in segments such as food and fresh retailing, general merchandise, fashion and luxury, and convenience stores. The combined retail, consumer goods and transportation vertical contributed 15.1 per cent of Wipro’s $1,831-million revenue for the second quarter of this year. The vertical grew 11.9 per cent year-on-year and 2.4 per cent quarter-on-quarter. On the other hand, Wipro’s business in Continental Europe contributed 25.2 per cent to Wipro’s revenue. Said Ulrich Meister, chief executive, Continental Europe at Wipro: “This partnership reiterates our continued focus and investments in the Nordic region and Continental Europe. We are confident that we will leverage our technology expertise and capabilities in SAP software to drive significant value for Coop Norge.”
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