Cognizant bags outsourcing deal from Philips

IT major Cognizant today said it has bagged a multi-year deal from Royal Philips

RELATED ARTICLES

Electronics to drive technology-enabled business transformation and growth programmes for the lighting and consumer lifestyle solutions provider.

Financial details of the deal were not disclosed.

Under the terms of the multi-year engagement, Cognizant will provide a comprehensive range of consulting and application services globally to help Philips consolidate, rationalise and enhance its IT landscape, Cognizant said in a statement.

This will help Philips improve operational efficiency, business agility, and governance, it added.

Cognizant's engagement will enable Philips to transition to a platform and output-based managed services model across multiple business lines and corporate functions, helping Philips variablise its cost structure, drive structural savings and free up resources.

"Our relationship with Cognizant will allow us to leverage its consulting, domain, and technology capabilities for the business transformation programme," Philips Executive Vice President and Chief Information Officer Jeroen Tas said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • Govt can’t clamp down on voices that ask uneasy questions

    It has hardly been a peaceful annum for Greenpeace’s India arm that has been in and out of trouble over the last one year.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Risk Factor:</b> The blame game

In decision-making, the fundamental attribution error (FAE), also known as ...

Zehra Naqvi

Dignity of labour is dignity of life

M Rafi Khan, a retired police IG, used to ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture