TLDR: Infosys and Telstra have announced a joint venture, with Infosys acquiring a 75% stake in Telstra’s Versent Group for $153 million. This strategic collaboration aims to accelerate AI-powered cloud and digital transformation solutions for Australian businesses, leveraging Infosys’ AI and cloud capabilities alongside Versent Group’s local expertise.
Bengaluru, India and Melbourne, Australia – August 13, 2025 – Infosys, a global leader in next-generation digital services and consulting, and Telstra, Australia’s leading telecommunications and technology company, have officially announced the formation of a joint venture. This significant collaboration is set to accelerate AI-enabled cloud and digital solutions for enterprises across Australia. As part of the agreement, Infosys will acquire a 75% shareholding in Versent Group, a wholly owned subsidiary of Telstra Group and a prominent Digital Transformation Solutions Provider in Australia. The acquisition is valued at $153 million .
Infosys will assume operational control of Versent Group, while Telstra will retain a 25% minority stake, underscoring its confidence in the joint venture’s potential for growth and customer value . This partnership combines Telstra’s robust connectivity, Versent Group’s established local digital engineering expertise, and Infosys’ extensive global scale and advanced capabilities .
The primary objective of this joint venture is to propel Australian businesses through their AI journey and digital transformation. The collaboration will leverage Infosys’ cutting-edge AI services, Infosys Topaz, and its comprehensive cloud offering, Infosys Cobalt. Additionally, the cybersecurity capabilities of The Missing Link, a recent Infosys acquisition, will be integrated to deliver a new wave of differentiated value .
Versent Group, with its team of 650 engineers, advisors, and strategists spread across Australia, has built a strong reputation for helping Australian enterprises design and implement cloud strategies and deliver digital transformation. The group primarily serves large blue-chip organizations across sectors such as government and education, financial institutions, energy, and utilities . This venture is expected to significantly strengthen Infosys’ local presence in Australia .
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Salil Parekh, CEO of Infosys, stated, ‘We are excited to bring Infosys Topaz to enable transformative AI-first capabilities to complement Versent Group’s cloud-first digital foundation.’ Vicki Brady, CEO of Telstra, added that Infosys’ ‘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.’ This joint venture marks another crucial step in strengthening the strategic collaboration between Infosys and Telstra, building on previous partnerships aimed at accelerating software engineering and IT transformation . The deal is anticipated to close during the second half of 2026 .
