Friday, August 21, 2026

Infosys forms joint venture with Telstra, acquires 75% stake in Versent Group

Date:

India’s second-largest IT services company, Infosys Ltd, on Wednesday (August 13) announced the formation of a joint venture with Telstra, Australia’s leading telecommunications and technology company, to accelerate AI-enabled cloud and digital transformation for Australian enterprises. The collaboration aligns with Infosys’ strategy to support clients in navigating their AI journey.As part of the deal, Infosys will acquire 75% of the shareholding in Versent Group, a wholly owned subsidiary of Telstra and a leading digital transformation solutions provider in Australia. Infosys will take operational control of the company, while Telstra will retain a 25% minority stake in Versent Group.

The partnership aims to combine Telstra’s connectivity, Versent’s local digital engineering expertise, and Infosys’ global scale to drive growth and deliver enhanced value to customers.

Also Read: Infosys Q1 Results: Lower end of FY26 revenue growth guidance raised; USD topline beatsVersent Group has earned its reputation by helping Australian enterprises design and implement cloud strategy with industry-leading partners – delivering digital transformation with deep industry expertise. With a team of 650 engineers, advisors, and strategists spread across Australia, Versent Group strengthens Infosys’ local presence.

Versent Group primarily serves large blue-chip organisations with established presence in government and education, financial institutions, energy, and the utilities sector.This strategic collaboration will see Versent Group’s cloud and digital transformation expertise boosted by Infosys’ advanced AI capabilities, Cloud, Data and Digital consulting services.

The collaboration will leverage Infosys Topaz and cloud offering Infosys Cobalt, as well as the cybersecurity capabilities of The Missing Link. It aims to deliver a new wave of differentiated value to accelerate end-to-end digital transformation for Australian enterprises and government corporations.

Also Read: Infosys shares remain a top pick for analysts on attractive valuations post Q1

In 2024, Infosys announced a strategic multi-year collaboration with Telstra to accelerate its software engineering and IT transformation journey and enhance customer experience. Further, in 2025, Infosys announced a collaboration with Telstra International to advance technology leadership, drive innovation and support Telstra’s new Connected Future 30 strategy.

Shares of Infosys Ltd ended at ₹1,426.00, up by ₹1.90, or 0.13%, on the BSE.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Assured MSP can help maize replace paddy and fuel India’s ethanol push: Ramesh Chand

India should continue expanding the use of maize for...

Japan’s core inflation accelerates in July, bolsters case for rate hike

Japan's core consumer inflation accelerated in July from a...

Selling to America? New US fraud rules raise the stakes for Indian exporters

New US enforcement rules could expose foreign manufacturers and...

From energy to electronics, India’s key sectors still rely heavily on imports

India's push for self-reliance has changed the country's production...