NEW DELHI: Royal Philips Electronics has outsourced an IT project to Cognizant. The multi-year deal between the companies focuses on technology enabled business transformation and growth programmes that can transform the lifestyle of the consumers. The financial details of the deal are still not disclosed.
Philips Executive Vice President and Chief Information Officer Jeroen Tas said "Our relationship with Cognizant will allow us to leverage its consulting, domain, and technology capabilities for the business transformation programme."
Royal Philips Electronics is looking forward for a comprehensive range of consulting and application services that can assist Philips to consolidate, rationalise and enhance its IT landscape. The deal will help Philips to improve its operational efficiency, business agility and governance. Philips can revise its cost structure, drive structural savings and free up resources after this deal.