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.
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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.
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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.