Siemens Philippines expands into IT outsourcing

12.04.2006
German conglomerate Siemens AG is looking to expand its outsourcing business in the Philippines by moving into IT services.

Siemens Inc., a wholly-owned Philippine unit of Siemens AG, is currently eyeing an IT outsourcing deal with a bank based in the United States, president and CEO Tertius Vermeulen said in an interview Wednesday.

Vermeulen said the deal would involve third-party programming work that can be outsourced to the Philippines.