Infosys, India’s second-largest IT services company, announced that it will acquire a 75% stake in Versent Group, a leading Australian digital transformation solutions provider and a wholly owned subsidiary of Telstra Group, for $153 million (around Rs 1,300 crore). The strategic move will create a joint venture between Infosys and Telstra, aimed at delivering AI-enabled cloud and digital solutions for Australian enterprises.
While Infosys will have operational control, Telstra will retain a 25% minority stake in Versent, signaling its confidence in the partnership’s growth potential. The collaboration will integrate Telstra’s connectivity strengths, Versent’s local digital engineering expertise, and Infosys’ global scale.
The deal is expected to close in the second half of FY 2026, subject to regulatory approvals and other standard closing conditions.
Salil Parekh, CEO & MD of Infosys, 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 unveils a new opportunity to further accelerate the innovation agenda for enterprises across the region.”
Versent Group was formed through the integration of Versent, Epicon, Telstra Purple Digital, and associated cloud products. With 650 employees, it serves blue-chip clients across government, education, financial services, energy, and utilities sectors. In FY25, it reported revenues of AUD 211.4 million (over Rs 1,800 crore).
In recent years, Infosys has deepened its partnership with Telstra through multiple strategic collaborations, including initiatives in software engineering, IT transformation, and connected future strategies.
Oliver Camplin-Warner, Group Executive for Telstra Enterprise, commented:
“By combining the strengths of our three businesses, we’re creating a unique proposition that will help Australian enterprises grow and innovate in today’s fast-moving, AI-driven digital landscape.”
Anand Swaminathan, EVP – Global Head of Communications, Media & Technology at Infosys, added:
“This collaboration reflects our shared commitment in accelerating AI-led innovation, and enabling a more connected, intelligent, and digital future for the region.”
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