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Yahoo
an hour ago
- Yahoo
Infosys to purchase 75% stake in Australia's Versent for $152m
Indian tech major Infosys, has agreed to purchase a 75% stake in Australian digital transformation solutions provider Versent Group from Telstra Group for A$233m ($152.4m). The deal also includes an additional deferred payments contingent on performance and other criteria. Following the transaction, Telstra will maintain a 25% minority stake in Versent Group. The brand identity of Versent Group will remain intact, and it will operate as an independent entity. This initiative aligns with Telstra's Connected Future 30 strategy, which aims to concentrate on core connectivity and reflects a restructuring of its enterprise business. Telstra CEO Vicki Brady said: 'Our collaboration with Infosys reflects our confidence in the value we can unlock together. 'Their global scale, deep industry knowledge, and culture of innovation and service excellence will be instrumental in accelerating Versent Group's growth and impact across the region.' Versent Group, which encompasses Versent, Epicon, Telstra Purple Digital, and related Cloud Access products, has expertise in cloud-native solutions and digital transformation. With a workforce of 650 engineers, advisors, and strategists across Australia, Versent enhances Infosys' local footprint, primarily catering to large blue-chip clients in sectors such as government, education, finance, energy, and utilities. This partnership is expected to amplify Versent Group's cloud and digital transformation capabilities by integrating Infosys' advanced AI technologies, as well as its cloud, data, and digital consulting services. The collaboration will utilise Infosys Topaz and its cloud solution, Infosys Cobalt, alongside the cybersecurity expertise of The Missing Link to accelerate digital transformation for Australian enterprises and government entities. Infosys CEO Salil Parekh said: 'We are excited to bring Infosys Topaz to enable transformative AI-first capabilities to complement Versent Group's cloud-first digital foundation. 'Expanding our trusted collaboration with Telstra, with whom we share a valued relationship, unveils a new opportunity to further accelerate the innovation agenda for enterprises across the region.' The transaction is anticipated to close in the second half of FY 2026, pending regulatory approvals and standard closing conditions. In 2024, Infosys forged a multi-year collaboration with Telstra to expedite its software engineering and IT transformation efforts. "Infosys to purchase 75% stake in Australia's Versent for $152m" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
an hour ago
- Associated Press
Greenhill Timbers Unveils New Website Design, Enhancing Accessibility and User Experience
Greenhill Timbers Melbourne launches a new website with an improved design, faster access, and enhanced accessibility. Greenhill Timbers, one of Melbourne's leading suppliers of quality timber and other building materials, has announced the launch of its newly designed website, created to provide customers with a faster, more accessible, and user-friendly online experience. The updated platform reflects Greenhill Timbers' commitment to making timber shopping easier for homeowners, builders, and tradespeople alike. With a streamlined layout, improved navigation, and enhanced accessibility features, the website offers a seamless experience across desktop, tablet, and mobile devices. 'Our new website has been designed with our customers in mind,' said a Greenhill Timbers Director. 'Whether you're a homeowner looking for the right flooring option or a builder searching for specific structural timber, the site makes it simpler to find what you need, access detailed product information, and get in touch with our team.' Key highlights of the new design include: The launch of the new website aligns with Greenhill Timbers' broader digital strategy, which includes providing educational resources for customers, improving product search functionality, and integrating direct enquiry options for quotes and orders. Founded in Thomastown, Greenhill Timbers has been supplying the building industry with quality materials for years, earning a reputation for competitive pricing, expert advice, and a wide product range. This website redesign further strengthens the company's position as a go-to supplier for both trade professionals and DIY enthusiasts. The new website is now live and can be accessed at Customers are encouraged to explore the improved layout, learn more about the products available, and place their orders online. Media Contact: Address: 170 Settlement Road, Thomastown, VIC 3074, Email: Media Contact Company Name: Greenhill Timbers Contact Person: Matthew Serrano Email: Send Email Phone: 03 9465 9875 Address:170 Settlement Road Thomastown 3074 City: Melbourne State: VIC Country: Australia Website: Press Release Distributed by To view the original version on ABNewswire visit: Greenhill Timbers Unveils New Website Design, Enhancing Accessibility and User Experience
The Hill
2 hours ago
- The Hill
DOJ examining state laws' impact on economy
The Department of Justice (DOJ) is looking at state laws with 'out-of-state economic impacts' that could hinder the national economy and interstate commerce. 'Today, the Justice Department and the National Economic Council announce an effort to identify State laws that significantly and adversely affect the national economy or interstate economic activity and to solicit solutions to address such effects,' reads the press release. The DOJ explained that President Trump has made a series of demands since his first day in office to deregulate American industry. For example, in the executive order ' Unleashing Prosperity Through Deregulation,' Trump asked to 'alleviate unnecessary regulatory burdens placed on the American people.' In another EO, ' Zero-Based Regulatory Budgeting To Unleash American Energy,' Trump asked agencies such as the Environmental Protection Agency (EPA), the Department of Energy, the Federal Energy Regulatory Commission, and others to cease some regulations concerning energy development. The DOJ, on July 9, for example, sued California Gov. Gavin Newsom (D) and Attorney General Rob Bonta for 'prohibiting farmers across the country from using commonly accepted agricultural methods that helped keep eggs affordable.' In one example of Trump's deregulation goals, the Department of Labor is seeking to remove 60 'obsolete' workplace regulations, such as the minimum wage. Furthermore, the administration has removed many regulations imposed during the Biden era on environmental laws and climate change. 'We are driving a dagger straight into the heart of the climate change religion to drive down cost of living for American families, unleash American energy, bring auto jobs back to the U.S. and more,' said EPA Administrator Lee Zeldin. In these continued efforts, the DOJ is asking for comments from the public to help identify 'Which State laws significantly burden commerce in other States or between States, thus raising costs unnecessarily and harming markets nationwide.' And, 'Whether the State laws identified may be preempted by existing federal authority and, if so, what authority.'
