Cognizant bags outsourcing deal from Philips

IT major Cognizant today said it has bagged a multi-year deal from Royal Philips 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E-mail ID will not be published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.

EDITORIAL OF THE DAY

  • Exchange managements must distinguish between speculation and gambling

    Every bull run in the Indian equity market raises the spectre of excessive speculation.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Zehra Naqvi

The mere display of power is not success

The stars are not afraid to appear like fireflies —Rabindranath Tagore ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture