Based on the various reports, it seems that Philips has signed up multiyear IT Transformation Program with Wipro and Cognizant.Both these companies seems to have bagged the contract in different areas of the program.
Below is Press release for Cognizant,
Teaneck, N.J.—July 24, 2012—Royal Philips Electronics, a global provider of healthcare, lighting and consumer lifestyle solutions, partnered with Cognizant Technology Solutions to drive a broad range of technology-enabled business transformation and growth programs.
Under the terms of the multi-year engagement, Cognizant, an IT, consulting and business process outsourcing services provider, will supply a comprehensive range of consulting and application services globally to help Philips consolidate, rationalize and enhance its IT landscape for improved operational efficiency, business agility and governance to deliver superior customer service. Cognizant’s engagement will enable Philips to transition the IT organization to a platform and output-based managed services model across multiple business lines and corporate functions, enabling Philips to variabilize its cost structure; drive structural savings; and free up resources to create higher value business capabilities.
“Our relationship with Cognizant will allow us to leverage its extensive consulting, domain and technology capabilities for the business transformation program that forms the cornerstone of our endeavor to drive agility, innovation and competitiveness,” said Jeroen Tas, Executive Vice President and Chief Information Officer at Philips. “In implementing a paradigm shift in our IT delivery model, Cognizant will help create solutions that enable Philips to capitalize on business opportunities, and win in the marketplace. By optimizing the speed, cost, and quality of our value chain, we are confident of further strengthening the trusted Philips brand globally, and delivering ever greater innovation.”
Additionally, Cognizant will help Philips improve the business value of IT, obtain deeper visibility into its demand chain and respond more effectively to the needs of its markets, businesses and functions. Real-time insight into business performance and operations will allow Philips to accelerate innovation, time-to-market, and decision-making, and increase local relevance of the product portfolio to gain market share.
“We are pleased to have been selected by Philips as a trusted partner,” said Santosh Thomas, Head of Continental Europe, Cognizant. “In an increasingly global and dynamic marketplace, agility holds the key to success, and Cognizant’s managed IT services model provides the agility that enables clients to spearhead strategic initiatives and create competitive advantage. We look forward to leveraging our robust understanding of the consumer goods industry, and our deep technology and consulting expertise to help Philips identify and capitalize on market trends, maximize business impact, and further strengthen its market leadership. This engagement underscores Cognizant’s expanding footprint in Continental Europe, which is a result of our strategic focus on the region as an important market looking to drive cost-savings and innovation on one integrated platform.”
Below is press release for Wipro,
Bangalore, India—July 24, 2012—IT, consulting and outsourcing company Wipro Technologies (ofWipro Ltd.) signed a large multi-year contract withRoyal Philips Electronics as their global prime partner in its transformational program towards enabling enhanced business growth and profitability.
“As Philips continues to drive performance improvements across its businesses, we would like to reiterate our commitment to invest in innovation and customer intimacy that are at the heart of our transformational program,” said Jeroen Tas, Chief Information Officer, Royal Philips Electronics. “We are pleased to bring on board a valuable and like-minded partner like Wipro to help us drive our vision of sustainable growth and profitability.”
Wipro will work with Philips on their transformational roadmap towards optimizing and enhancing all their business processes of ‘idea to market,’ ‘market to order’ and ‘order to cash’ across a wide spectrum of technology enabling platforms that include integration; user interaction; and security & authorization. Wipro will also be the system integrator for key initiatives across these Philips’ businesses and platforms.
“We are delighted to have been chosen as a strategic global prime partner by Philips in their transformational journey,” said N S Bala, Senior Vice President and Global Head, Manufacturing and High-Tech, Wipro Technologies. “Wipro will leverage its strong understanding of the business domain and capability in new and emerging technologies, to enable Philips to become more agile, deliver innovative products and solutions to its customers faster and strengthen their leadership position in the market place.”
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