As part of the deal, 1,400 Philips IT staff will transfer to Infosys. The multi-year deal will provide Philips with finance and accounting services and the processing of purchase orders.
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Infosys will also acquire three shared service centres located in India, Poland and Thailand from Philips, where the electrical goods firm already had established offshore operations.
"Infosys clearly demonstrated a willingness to invest in people with a strong HR process, better solution quality, ability to leverage end-to-end process improvements and a robust risk mitigation and transition plan," said Gerard Ruizendaal, chief strategy officer and group controller for Royal Philips Electronics.
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