Infosys and Telstra form joint venture to boost AI solutions

Infosys and Telstra announced a joint venture aimed at enhancing AI-enabled cloud solutions for Australian enterprises. Under this agreement, Infosys acquired a 75% stake in Versent Group, a wholly owned subsidiary of Telstra that specializes in digital transformation solutions. This venture allows Infosys to have operational control while Telstra retains a 25% minority interest.

Versent Group, recognized for its local engineering expertise, has a team of 650 professionals dedicated to helping large organizations in sectors including government, education, and finance develop cloud strategies. By merging Versent's local capabilities with Infosys' global reach and advanced Artificial Intelligence (AI) skills, the collaboration seeks to deliver comprehensive digital solutions.

Through this partnership, Infosys plans to boost Versent's cloud transformation initiatives using its AI capabilities and consulting services. The venture will aim to deliver significant value and support for organizations looking to enhance their digital landscapes across Australia.

Vicki Brady, CEO of Telstra, emphasized the collaborative potential of the partnership, stating it reflects confidence in what can be achieved together. Salil Parekh, CEO of Infosys, noted the integration of Infosys Topaz will enable transformative AI-driven capabilities for Versent’s offerings, enhancing customer experiences throughout the region.

The transaction is expected to finalize in the second half of the fiscal year 2026, pending regulatory approvals and other conditions.