Infosys, a leading technology company, is forming a joint venture with Telstra, a major Australian telecommunications company, to provide AI-enabled cloud and digital solutions to Australian businesses. As part of this joint venture, Infosys will acquire 75% of the shareholding in Versent Group, a subsidiary of Telstra that specializes in cloud and digital transformation. Telstra will retain a 25% minority stake in Versent Group, with Infosys having operational control.
The joint venture combines Telstra’s connectivity expertise with Versent’s local digital engineering capabilities and Infosys’ global scale. Versent Group has a team of 650 engineers, advisors, and strategists across Australia, serving large organizations in various sectors, including government, education, financial institutions, energy, and utilities. This strategic collaboration will enhance Versent Group’s cloud and digital transformation expertise with Infosys’ advanced AI capabilities, cloud, data, and digital consulting services.
The transaction is expected to close in the second half of FY 2026, subject to regulatory approvals and customary closing conditions. This joint venture is an extension of the strategic collaboration between Infosys and Telstra, which was announced in 2024 to accelerate Telstra’s software engineering and IT transformation journey. In 2025, the two companies announced another collaboration to advance technology leadership and drive innovation.
The CEOs of both companies expressed their enthusiasm for the joint venture, with Vicki Brady, CEO of Telstra, stating that Infosys’ global scale, industry knowledge, and culture of innovation will accelerate Versent Group’s growth and impact. Salil Parekh, CEO of Infosys, said that the joint venture unveils a new opportunity to accelerate the innovation agenda for enterprises across the region. This partnership is expected to propel AI-enabled cloud and digital solutions for Australian businesses, further strengthening the technology transformation agenda for enterprises in the region.