MEDIA RELEASE PR37600
Infosys Reiterates its Commitment in LATAM With Philips Deal in Brazil
BANGALORE, Dec. 16 /PRNewswire-AsiaNet/ --
- Company's BPO Arm to Provide Finance & Accounting (F&A) Services to
Philips in Brazil Strengthening the Existing Relationship
Infosys BPO Ltd., the Business Process Outsourcing subsidiary
of Infosys Technologies, today announced its alliance with Philips in Latin
America. Infosys BPO continues to drive thought leadership in F&A
outsourcing, and this deal is set to reinforce the company's position.
As a part of the agreement, Infosys BPO will support a range
of processes across Brazil, Argentina and Chile in the Procure-to-Pay,
Order-to-Cash and Record-to-Report areas such as Accounts Receivable,
Intercompany, Foreign Exchange, Local Payments, and Travel and Entertainment
Expenses. Infosys BPO will provide language support in English, Portuguese
and Spanish. These services will be delivered from the newly inaugurated
delivery center in Belo Horizonte, Brazil.
Ronald Eikelenboom, CFO, Philips LATAM said, "The
implementation of Infosys in Belo Horizonte marks a new beginning in the
relationship between Philips and Infosys in Latin America. The relationship
is now truly global since 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. We share similar beliefs and have entered into this win-win
partnership from a greenfield perspective, where the success of Infosys is
the success of Philips and vice versa."
Gautam Thakkar, VP & Head, F&A, Infosys BPO, said, "Our
partnership with Philips allows us to provide unique F&A offerings to the
Latin American market. The combination of our process capabilities and domain
expertise will enable Philips to harmonize its financial processes, improving
efficiencies and reducing costs. This deal emphasizes our ability to provide
high-end services strengthening our leadership in the global F&A market. We
continue to 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
ability to 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
the transactional processes, allowing Philips to increase its focus on
customers and other markets. We look forward to a long-lasting and fulfilling
partnership with Philips."
About Philips
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX:
PHI) is a diversified Health and Well-being company, focused on improving
people's lives through timely innovations. As a world leader in healthcare,
lifestyle and lighting, Philips integrates technologies and design into
people-centric solutions, based on fundamental customer insights and the
brand promise of "sense and simplicity". Headquartered in the Netherlands,
Philips employs more than 118,000 employees in more than 60 countries
worldwide. With sales of EUR 26 billion in 2008, the company is a market
leader in cardiac care, acute care and home healthcare, energy efficient
lighting solutions and new lighting applications, as well as lifestyle
products for personal well-being and pleasure with strong leadership
positions in flat TV, male shaving and grooming, portable entertainment and
oral healthcare. News from Philips is located at
About Infosys BPO
Process Outsourcing 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, Red Herring, FAO Today, NelsonHall, and others. Infosys BPO
focuses on integrated end-to-end outsourcing and delivers transformational
benefits to its clients through reduced costs, ongoing productivity
improvements, and process re-engineering. Infosys BPO operates in India, the
Czech Republic, China, the Philippines, 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 business solutions that help Global 2000 companies win in a Flat
World. These solutions focus on providing strategic differentiation and
operational superiority to clients. With Infosys, clients are assured of a
transparent business partner, world-class processes, speed of execution, and
the power to stretch their IT budget by leveraging the Global Delivery Model
that Infosys pioneered. Infosys has over 105,000 employees in over 50 offices
worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For
Infosys Safe Harbor
Statements in connection with this release may include
forward-looking statements within the meaning of US Securities laws intended
to qualify for the "safe harbor" under the Private Securities Litigation
Reform Act. These forward-looking statements are subject to risks and
uncertainties including those described in our SEC filings available at
ended March 31, 2009, and our other recent filings, and actual results may
differ materially from those projected by forward-looking statements. We may
make additional written and oral forward-looking statements but do not
undertake, and disclaim any obligation, 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
lakshmi@corvoshandwick.co.in
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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