Bangalore, Karnataka, India and Oracle Openworld, San Francisco, United States, Monday, October 23, 2006 - Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT), and Oracle today announced a record setting implementation of the Oracle® E-Business Suite at Merichem, a privately held company supplying chemicals, technology, and services to the Hydrocarbon Processing and Pulp and Paper Industries worldwide, located in Houston, Texas. The implementation timeframe of just 32 weeks for 19 modules of the Oracle E-Business Suite, represents one of the fastest implementations on record for the broad Oracle® E-Business Suite footprint by Wipro.The project represents several "firsts" for Wipro and Oracle, including the first use of Oracle® Accelerators in the Oracle On Demand environment and the first implementation of the Oracle Projects Family Pack M globally.The project represents Wipro's expertise in execution of complex implementations within a tight timeframe. Michael P. Bodman Vice President & Merichem ERP Project Manager said, "We knew that when we added Wipro to our team we were adding a very high level of technical talent. We were pleased to discover that with that talent comes a high degree of business acumen. This proved to be valuable to us as we aligned our business processes with the processes embedded in Oracle."Speaking about the successful implementation, Amitava Sharma, Head, Oracle Practices, Wipro Technologies said, "The record-setting Oracle E-Business Suite implementation for Merichem was made possible through effective use of Oracle accelerators and Wipro's Accelerated Implementation methodology (A-EAPM). These tools significantly reduce time to market and improve quality of delivery for our customers""The Oracle E-Business Suite helps our customers to evolve to the next generation of business applications, providing better business insight and a superior customer experience," said Andy Bailey, Senior Vice President of Worldwide System Integrator Alliances at Oracle. "Wipro has been able to leverage Oracle Accelerators in an on-demand environment to the great benefit of the customer. The broad implementation of the Oracle E-Business Suite at Merichem demonstrates how the close relationship between Wipro and Oracle can lead to extremely effective use of Oracle services and applications to help meet a customer's needs."Business BenefitsWipro's Oracle E-Business Suite end-to-end solution greatly improved the cross organization processes and expanded the functionality available to the business. As an example, the solution enabled real-time visibility and tracking of Merichem's Rail Car fleet to interface with third party rail car tracking systems. This enabled transactional analysis of associated transportation costs. In addition, the back-office processes were streamlinedThis implementation also represents a close relationship between Wipro Technologies and Oracle. As a Certified Advantage Partner in the Oracle PartnerNetwork, Wipro and Oracle are working together to implement Oracle Applications globally. Wipro leveraged its Global delivery model from its near shore - offshore centers at Houston, Texas and Bangalore, India. This model not only enabled Wipro to drastically reduce the cost of the implementation but it also enabled Wipro to conduct the effort on a 24-hour basis, in turn compressing the implementation timeframe and limiting the amount of business disruption for Merichem. Wipro and Oracle are currently in the process of expanding the use of this model across the Chemicals, Engineering and Construction markets in order to support cost efficient and low risk application implementations.About OracleOracle (NasdaqGS:ORCL)is the world's largest enterprise software company. For more information about Oracle, visit our Web site at http://oracle.comFor details about Wipro Limited & forward-looking and cautionary statements please see link belowhttp://www.wipro.com/news/about_wipro.htmTrademarksOracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.The above is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle.