Verizon Business, today announced a global Network-as-a-Service (NaaS) partnership with Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services consultancy, that will accelerate the network modernization and cloud transformation journey of business.
Wipro’s Network-as-a-Service (NaaS) solution, powered by Verizon Business will include a range of pre-configured and tested service chains on a subscription-based consumption model, designed to power network consumption infrastructure
The multi-year partnership will enable Wipro to transition customers from legacy cycles of deploying hardware, applications and services to an automated, self-healing and highly secure network service environment.
Massimo Peselli, Senior Vice President and Chief Revenue Officer, Global Enterprise and Public Sector for Verizon Business said: “Many organizations want to break out of endless technology update cycles but face the dual challenges of traditional hardware and fixed infrastructure. Our partnership with Wipro will enable enterprises to future-proof their network in a way that is more flexible, agile and predictable, centered around their specific needs.”
A recent IDC survey of over 400 decision-making technology buyers from around the world revealed that 69% of respondents are planning an investment in network transformation in the next 12 months. NaaS has increasingly begun to challenge legacy commercial models that require large upfront capital costs by providing more flexible, subscription-based services that can be more easily modified as needs change. The technology has accelerated the implementation of new digital technologies such as AI/ML, 5G, IoT, advanced robotics, blockchain, AR/VR and voice assistance.
Jo Debecker, Senior Vice President & Global Head, Cloud and Infrastructure Services, Wipro Limited commented: “Our joint NaaS offering brings together two industry leaders to drive this unique value proposition that will help our customers keep pace with changing demands from the cloud and network infrastructure while achieving operational efficiency and agility at scale.”
Today’s agreement brings together two network leaders. Verizon has been named a leader in the Gartner® Magic Quadrant Network Services, Global for the past 16 years and manages more than 4,300 networks globally. Wipro is a leader in the Gartner® Magic Quadrant for Managed Network Services and manages over 500+ network and data center facilities across geographies and various industries.