Infosys Reiterates its Commitment in LATAM With Philips Deal in Brazil
- Company's BPO Arm to Provide Finance & Accounting (F&A) Services toPhilips in Brazil Strengthening the Existing Relationship
Infosys BPO Ltd., the Business Process Outsourcing subsidiary of InfosysTechnologies, today announced its alliance with Philips in Latin America.Infosys BPO continues to drive thought leadership in F&A outsourcing, andthis deal is set to reinforce the company's position.
As a part of the agreement, Infosys BPO will support a range of processesacross Brazil, Argentina and Chile in the Procure-to-Pay, Order-to-Cash andRecord-to-Report areas such as Accounts Receivable, Intercompany, ForeignExchange, Local Payments, and Travel and Entertainment Expenses. Infosys BPOwill provide language support in English, Portuguese and Spanish. Theseservices will be delivered from the newly inaugurated delivery center in BeloHorizonte, Brazil.
Ronald Eikelenboom, CFO, Philips LATAM said, "The implementation ofInfosys in Belo Horizonte marks a new beginning in the relationship betweenPhilips and Infosys in Latin America. The relationship is now truly globalsince it is the first activity in Brazil serving the rest of Latin America,after having established a relationship in the U.S., Europe and Asia. Weshare similar beliefs and have entered into this win-win partnership from agreenfield perspective, where the success of Infosys is the success ofPhilips and vice versa."
Gautam Thakkar, VP & Head, F&A, Infosys BPO, said, "Our partnership withPhilips allows us to provide unique F&A offerings to the Latin Americanmarket. The combination of our process capabilities and domain expertise willenable Philips to harmonize its financial processes, improving efficienciesand reducing costs. This deal emphasizes our ability to provide high-endservices strengthening our leadership in the global F&A market. We continueto expand our partnership with Philips in other geographies."
Puneet Singh Gill, DC Head, Infosys Tecnologia Do Brasil Ltda, added,"This partnership with Philips in Brazil will further strengthen our abilityto reach out to the Latin American market, driving our growth in this region.The deal will allow Infosys BPO to provide a professional focus on thetransactional processes, allowing Philips to increase its focus on customersand other markets. We look forward to a long-lasting and fulfillingpartnership with Philips."
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is adiversified Health and Well-being company, focused on improving people'slives through timely innovations. As a world leader in healthcare, lifestyleand lighting, Philips integrates technologies and design into people-centricsolutions, based on fundamental customer insights and the brand promise of"sense and simplicity". Headquartered in the Netherlands, Philips employsmore than 118,000 employees in more than 60 countries worldwide. With salesof EUR 26 billion in 2008, the company is a market leader in cardiac care,acute care and home healthcare, energy efficient lighting solutions and newlighting applications, as well as lifestyle products for personal well-beingand pleasure with strong leadership positions in flat TV, male shaving andgrooming, portable entertainment and oral healthcare. News from Philips islocated at http://www.philips.com/newscenter.
About Infosys BPO
Infosys BPO Ltd. (http://www.infosys.com/bpo), the Business ProcessOutsourcing subsidiary of Infosys Technologies, was set up in April 2002.Today, it is ranked among the leading BPO companies in India by NASSCOM,Dataquest, the International Association of Outsourcing Professionals, RedHerring, FAO Today, NelsonHall, and others. Infosys BPO focuses on integratedend-to-end outsourcing and delivers transformational benefits to its clientsthrough reduced costs, ongoing productivity improvements, and processre-engineering. Infosys BPO operates in India, the Czech Republic, China, thePhilippines, Poland, Thailand, Mexico, and Brazil and employs 16,494 people.It closed FY 2008-09 with revenues of US$ 316.2 million.
About Infosys Technologies Ltd.
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled businesssolutions that help Global 2000 companies win in a Flat World. Thesesolutions focus on providing strategic differentiation and operationalsuperiority to clients. With Infosys, clients are assured of a transparentbusiness partner, world-class processes, speed of execution, and the power tostretch their IT budget by leveraging the Global Delivery Model that Infosyspioneered. Infosys has over 105,000 employees in over 50 offices worldwide.Infosys is part of the NASDAQ-100 Index and The Global Dow. For moreinformation, visit http://www.infosys.com.
Infosys Safe Harbor
Statements in connection with this release may include forward-lookingstatements within the meaning of US Securities laws intended to qualify forthe "safe harbor" under the Private Securities Litigation Reform Act. Theseforward-looking statements are subject to risks and uncertainties includingthose described in our SEC filings available at http://www.sec.gov includingour Annual Report on Form 20-F for the year ended March 31, 2009, and ourother recent filings, and actual results may differ materially from thoseprojected by forward-looking statements. We may make additional written andoral forward-looking statements but do not undertake, and disclaim anyobligation, to update them.For further information please contact: Asia Pacific Priscilla Thomas Infosys BPO Ltd, India Phone: +91-96865-67378 Priscilla_Thomas@infosys.com Lakshmi Naidu Corporate Voice/Weber Shandwick Phone: +91-99028-02855 email@example.com Australia Cristin Balog Infosys Technologies Ltd, Australia Phone : +61-3-9860-2277 Cristin_Balog@infosys.com EMEA Antonia Maneta Infosys Technologies Ltd, UK Phone: +44(0)207-715-3499 Antonia_Maneta@infosys.com The Americas Peter McLaughlin Infosys Technologies Ltd, US Phone: +1-213-622-4949, Ext 206 Peter_McLaughlin@infosys.com
SOURCE Infosys BPO Limited
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