On February 13, 2014, Royal Philips and Infosys announced that they have extended their partnership by another 5 years. Infosys BPO, the business process outsourcing subsidiary of Infosys, announced that Royal Philips of the Netherlands has extended its existing seven-year outsourcing agreement with Infosys for an additional five years. Infosys BPO had originally entered into a seven-year contract with Royal Philips in July 2007 to provide finance and accounting (F&A) and transactional procurement services. It has now been extended till June 2019.
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