Wipro inks deal with Drivestream over integrated Cloud Solutions

Wipro has signed an agreement with Drivestream to build an integrated Cloud Solutions stack for customers. As part of this arrangement, Wipro is investing US$5 million in Drivestream, a leading Oracle cloud applications systems integrator. This is part of Wipro’s strategic drive to actively participate in the external innovation ecosystem, for which the company has set up Wipro Ventures, a US$100-million fund focussed on investing in disruptive start-ups.

This investment will further extend Wipro’s Oracle application services space particularly in cloud applications, which is poised to see high growth with its disruptive value proposition.

"This unique complement of strengths between the two companies will enable us to jointly deliver value to our customers and enhance our leadership in the Oracle cloud market space," said Bhanumurthy B.M., Chief Executive, Application Services and Strategic Alliances, Wipro.

Gopal Krishna, President & Chief Executive Officer, Drivestream, said, "We are very honoured that a top brand and a global market leader, Wipro, has observed us, taken notice of our unique capabilities and our market potential as the leading partner for Oracle Cloud applications. We attribute our growth and this recognition to our innovative cloud service solutions that create significant value for both Oracle and its cloud customers. Wipro’s investment in Drivestream will fuel our ongoing efforts for continued creativity in the cloud service space. This strategic partnership with Wipro positions us for significant scalability both in the US and around the globe.”

This partnership gives Wipro and Drivestream’s customers the ability to benefit from Drivestream’s Oracle cloud HCM and Oracle cloud ERP solutions and Wipro’s end-to-end Oracle services. Wipro’s global customer base in the enterprise market coupled with Drivestream’s established credentials in successful cloud implementations will offer unparalleled value to the customers.