Wipro sees one more top-level exits with chief growth officer stepping down

Wipro chief growth officer to step down from company

Wipro said its Chief Growth Officer (CGO) Stephanie Trautman will be stepping down from her role, effective December 31, 2023, marking one more top-level exit at the company after CFO Jatin Dalal stepped down in September this year.

Wipro launched the growth office around three years ago to focus on large deals, account development, partnerships, and sales processes. The company noted that in the past few months, it had started integrating the strategic pursuits team, formerly under the CGO, into its strategic market units (SMUs).

The company said that embedding this function within the SMUs allows it to build on the processes and approaches developed by the CGO and bring this experienced team closer to clients and on-the-ground sales teams. “This integrated approach will help us uncover new growth opportunities, enhance our speed to market as well as the success rate in deal wins,” it noted.

HCLTech opens new centre in Romania

IT services company HCLTech launched its new global delivery centre (GDC) in Iasi, Romania. The new centre, which will provide next-generation digital, engineering, cloud and AI solutions, expands HCLTech’s presence in Romania and underscores its commitment to the country as part of its nearshore strategy to serve global clients.

HCLTech has completed five years of operations in Romania and employs about 1,000 people across Bucharest, Iasi, and Brasov. It is certified as a Top Employer in 25 countries and ranked number one in Romania.

Hexagon forms partnership with Embedded Systems Solutions

Hexagon, the Sweden-headquartered technology company, said its manufacturing intelligence division has partnered with Embedded Systems Solutions (ESS) of India.

Under this partnership, ESS will now offer Hexagon Virtual Test Drive (VTD) Solutions as part of its suite of automotive product portfolio. It is expected to help Advanced Driver Assistance Systems (ADAS) System Simulation and enable safety validation for autonomous driving.

According to a recent McKinsey report, 12% of new passenger cars sold will be equipped with L3+ autonomous driving technologies by 2030, and that figure will increase to 37% by 2035.

The current Indian ADAS market is expected to grow at a CAGR of 18.8% from 2023 to 2032, reaching a valuation of $9.98 billion by 2032, according to a report by CMI Market Research.

India companies see cybersecurity risk from cloud infra: Tenable

The study done by cybersecurity company Tenable has revealed that the vast majority of Indian cybersecurity and IT leaders (70%) view cloud infrastructure as the greatest source of cyber risk in their organisations.

The perceived risks stem from the use of public cloud (36%) and/or multi-cloud (23%) and private cloud infrastructure (10%).

According to the study, respondents are particularly worried about the complexity introduced when trying to correlate user and system identities, access, and entitlement data.

Within this context, 78% of Indian respondents emphasised the importance of considering user identity and access privileges. However, 64% say their organisations struggle to integrate this crucial data into preventive cybersecurity practices, revealing a gap between recognition and practical implementation.

For specific cloud security concerns, the Tenable study highlights that 57% of Indian respondents express that a lack of data hygiene in user data and vulnerability management systems prevents employees from making prioritisation decisions.