Global IT Service Wipro Technologies announced Monday the inauguration of a new offshore development center for World famous financial giant Zurich Financial Services Group (ZFSG) at Chennai, a southeastern city in India.
During the inauguration ceremony, Michael Paravicini, Chief Information Technology officer of the ZFSG, said, "Wipro is a valuable ASP (Application Service Provider) Sourcing provider, with a strong offshore delivery record that will help Zurich to achieve its business objectives."
Soumitro Ghosh, Wipro's Senior Vice President Banking and Insurance Practice, said, "We are pleased to work for a leading global player like Zurich. Wipro has considerable experience and expertise in the Financial Services industry and our strong track record makes us a reliable partner for the leaders in the industry. "
The two companies signed a framework agreement earlier this year, for Wipro Technologies to provide application development and maintenance services in seven countries.
Zurich Financial Services Group is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 58, 000 people serving customers in more than 170 countries.