Infosys Technologies Ltd has signed a multi-million dollar outsourcing contract with Royal Philips Electronics of Netherlands. As part of the agreement, Philips will enter into a multi-year contract with Infosys BPO to provide finance & accounting (F&A) services and the processing of purchasing orders.
The company will also acquire three shared service centers located in India, Poland and Thailand from Philips. The contract is amongst the largest finance & accounting BPO engagements from India and will expand the company’s global network, particularly strengthening its European operations.
The deal extends the company’s global network with new centers in India, Poland and Thailand. The company will gain approximately 1,400 Philips professionals who will add to the company’s BPO team a wide range of valuable skills and abilities, which include diverse language capabilities, technical expertise and domain knowledge.
Infosys is desperate to do any business now. LOL. Why can’t they expand high margin Infosys Consulting [Min. $100+ / Hour / Consultant] rather than doing stupid BPO deals.