Shares of Wipro Ltd were trading in the green and 1% higher on 29 April after the company announced securing an IT transformation contract from Germany-based firm Vorwerk.

According to a business release, Wipro will modernize Vorwerk’s IT infrastructure as part of the five-year cooperation by implementing its AI-powered infrastructure operations solution. The corporation did not disclose the deal’s worth.

This entails consolidating all business applications, IT infrastructure, and cybersecurity technologies into a single monitoring platform, hence increasing visibility throughout Vorwerk’s technology ecosystem. It intends to significantly increase operational efficiency and strengthen cyber-risk management.

Wipro will also collaborate with Vorwerk’s technology partners to improve their customer engagement strategy, standardize their product range, and create a technological roadmap with smarter products for faster time to market.

The Wipro team will create an end-to-end support portal that will quickly and seamlessly improve the end-user experience.

“The partnership is based on transparent collaboration, joint development of innovative solutions and sustainable value creation. By pooling their expertise and engaging in open dialogue on an equal footing, both companies will develop forward-looking IT strategies to actively shape the digital transformation,” Jorg Kohlenz, Managing Director and Group CIO, Vorwerk Services GmbH, said.

At 12:55 pm, the shares of Wipro were trading 0.58% higher at Rs 241.90 on NSE.

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