Infosys wins Philips outsourcing business

Philips signs a $250 million outsourcing contract with Infosys and sells three of its back-office centres to the Indian company for $28 million.

IndiaÆs leading technology company Infosys Technologies has signed a $250 million seven-year outsourcing contract with Philips. It has also acquired three of the Dutch companyÆs back-office centres in India, Poland and Thailand for $28 million.

Under the contract, Infosys' business process outsourcing BPO division will provide primarily finance and accounting FA services. The contract will start by October.

FA outsourcing is one of the cornerstones of the BPO industry. For Infosys, the contract not only adds significant annual...

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