Cognizant has won a contract from Royal Philips Electronics to manage the business transformation of IT services, as the company seeks to increase efficiency.

The contracts will see IT delivered as a pay-per-use service, intended to allow Philips to impose cost-savings while increasing efficiency. The transformation service will be supported by Wipro and comes as Cognizant seeks to grow expansion in Europe.

Jeroen Tas, CIO at Philips, said: “Our relationship with Cognizant will allow us to leverage its extensive consulting, domain and technology capabilities for the business transformation programme that forms the cornerstone of our endeavour to drive agility”.