TEL AVIV, Israel, Jan. 26, 2015 (GLOBE NEWSWIRE) -- RiT Technologies (Nasdaq:RITT), a leading provider of Intelligent infrastructure Management and cabling solutions announced today that it has signed an MOU with Wipro Ltd. (NYSE:WIT), an international information technology, consulting and outsourcing company. Under the agreement, the parties will cooperate in identifying relevant projects in India and customizing their integrated solutions for projects, to maximize their business in India.
The cooperation between RiT and Wipro seeks to address challenges faced by IT departments in dynamic, complex and geographically distributed environments, along with the rising demand for bandwidth, storage and computing power with limited space and resources.
The RiT IIM solution provides complete visibility and control of all network physical components, optimizes service allocation to equipment and automates MACs, saving IT departments considerable resources and maintenance time.
In addition, RiT's IIM solutions enable IT managers to detect points of failure, prevent downtime and improve network output. It also adds an extra layer of security, protecting mission critical communications networks by guarding from unauthorized connects and disconnects.
RiT is forming this partnership as a result of the growing demand in India for innovative IT solutions. IT spending in India is projected to reach a total of $73.3 billion in 2015, a 9.4 percent increase from the $67.1 billion forecast for 2014, according to Gartner.
"Intelligent infrastructure solutions provide the flexibility and intelligence that IT departments need to respond to rapid growth," said Assaf Skolnik, VP Sales EMEA and APAC at RiT Technologies. "We are confident that our cooperation with Wipro will enhance our value proposition by leveraging Wipro's vast experience, knowledge and presence in the Indian market, and is aligned with RiT's strategy of expanding our activity within APAC."
Wipro, adds, "Intelligent infrastructure management helps Indian companies manage networks that are growing in size and complexity. This cooperation between RiT and WIPRO will strengthen our joint positioning and help leading institutions meet their dynamic information needs with the most efficient use of IT resources."
About RiT Technologies
RiT Technologies (Nasdaq:RITT), is a leading provider of IIM and structured cabling solutions and a developer of an innovative indoor optical wireless technology solution. The RiT IIM products provide network utilization for data centers, communication rooms and work space environments. They help companies plan and provision, monitor and troubleshoot their communications networks, maximizing utilization, reliability and physical security of the network while minimizing unplanned downtime. The RiT solutions are deployed around the world in a broad range of organizations, including data centers in corporate organizations, government agencies, financial institutions, airport authorities, healthcare and education institutions and more. Our BeamCaster™ product is an innovative indoor optical wireless networking technology solution designed to help customers streamline deployment, reduce infrastructure design, installation and maintenance complexity and enhance security in a cost effective way. RiT's shares are traded on the NASDAQ Capital Market under the symbol RITT. For more information, please visit: www.rittech.com
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of over 150,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com.
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CONTACT: Tal Harel Marketing Director M: +972.50.6893437 firstname.lastname@example.org www.rit-tech.com Monica Maron Spicetree Communications Mobile: +972-54-5429529 email@example.comSource:RiT Technologies