Infosys forms joint venture with Telstra in Australia, acquires 75% stake in Versent Group
As part of the deal, Infosys will acquire a 75% stake in Versent Group, a wholly owned subsidiary of Telstra and one of Australia's top digital transformation providers. Telstra will retain a 25% minority stake, underscoring its confidence in the venture's growth potential. The collaboration combines Telstra's connectivity, Versent's local engineering expertise, and Infosys' global scale to deliver innovative solutions to the region's leading businesses.
Versent Group, with a team of 650 professionals, serves blue-chip clients across government, education, financial services, energy, and utilities. The joint venture will integrate Versent's cloud strategy expertise with Infosys' AI, Cloud, Data, and Digital consulting capabilities through platforms like Infosys Topaz and Infosys Cobalt, along with cybersecurity support from The Missing Link.
This partnership builds on earlier collaborations between Infosys and Telstra, including a 2024 multi-year deal to accelerate software engineering and IT transformation, and a 2025 initiative with Telstra International to support the company's Connected Future 30 strategy. The new venture marks another milestone in their shared mission to drive large-scale technology transformation for Australian enterprises and government organizations.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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