Wipro wins over $300 million contract from GM

India's third biggest software exporter Wipro Technologies today won a over 300 million dollar five-year contract from leading carmaker General Motors.
"The contract is expected to be over 300 million dollars in the next five years," Suresh Senaati, Chief Financial Officer of Wipro said.
He termed the deal as landmark for the Indian IT industry as Wipro has been recognised as the Tier-I IT supplier by a company like GM. "This reflects the level of maturity," he added.
Wipro is one of the five IT vendors selected by General Motors as part of the 7.5 billion dollar contract announced by it today.
Others having a share in the pie include EDS, HP, Capgemini, IBM and Compuware Covisint.
The contract was up for grabs as GM's 10-year contract with EDS expires in June this year. EDS will continue to have the most business at GM, but somewhat less than what it has today, while HP and Capgemini will increase their existing business, General Motors said.
IBM, Compuware Covisint and Wipro will continue to be strategic IT partners to the company, the automaker said.
As part of the contract, Wipro would be providing application development and maintenance and data integration and migration services to GM.