Software services Current Affairs - 2019
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Azim Premji Chairman of Wipro Ltd will be felicitated with the Ernst & Young Lifetime Achievement Award. Ernst & Young, famously known as EY is a multinational professional services firm and is one of the “Big Four” accounting firms.
Motivational Journey of Azim Premji
Azim Premji was born on July 24, 1945, to an affluent Gujarati entrepreneur. He inherited Wipro, a vegetable oil company at the age of 21 after the sudden demise of his father.
Azim Premji was pursuing Electrical Engineering from Stanford University, USA when he took over the reins of his family business in 1966. He was written off to carry the herculean task and was publicly advised to sell his shareholding and give it into more mature hands. This further strengthened his resolve to make Wipro a success story.
Under his able leadership, Wipro diversified from hydrogenated cooking fats to bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries, lighting products and hydraulic cylinders.
The expulsion of IBM from the Indian market led to a vacuum and Wipro ventured into software services taking advantage. The rest is history. He led Wipro from a hydrogenated cooking fats company to a pioneer in providing integrated business, technology and process solutions on a global delivery platform. Wipro Technologies is the largest independent R&D service provider in the world and is ranked among the top 100 technology companies globally.
In 2005 Premji was conferred the Padma Bhushan and Padma Vibhushan in 2011. Premji has also pledged to donate USD 2 billion for improving school education in India, the first of its kind by any Indian billionaire.
Online restaurant guide Zomato on 14 April 2015 acquired MaplePOS, a cloud-based point of sale product for restaurants developed by Delhi based MapleGraph.
After the acquisition, Zomato has renamed MaplePOS product to ‘Zomato Base’ which will help the company and its restaurant partners to manage business into online orders and payments.
MaplePos, a sale product offers various features of restaurants such as inventory and menu management, and has in-built payment solution to accept debit and credit card payments.
It should be noted that, this is the first product acquisition done by Zomato. Earlier, it had acquired 7 restaurant search and listing companies in various parts of the world.
MapleGraph was founded in 2011 by Varun Tangri, Arun Tangri and Abhishek Rohilla. The company offers software solutions to manage menus, inventory, electronic receipts, recipes, and other features in restaurant management.