NEW DELHI: India’s second-largest IT firm Infosys announced on Wednesday that it is acquiring a 75% stake in Versent Group, a leading digital transformation solution provider and wholly owned subsidiary of Australia’s Telstra Group, for $153 million or about Rs 1,300 crore. The deal will form a joint venture between Infosys and Telstra for collaboration to propel AI-enabled cloud and digital solutions for Australian businesses.
While Infosys will have operational control, Telstra will continue to retain a 25% minority stake in Versent Group, reflecting its confidence in the shared potential for growth and customer value, combining Telstra’s connectivity, Versent’s local digital engineering expertise, and Infosys’ global scale, said Infosys in a statement.
The transaction is expected to close during the second half of FY 2026, subject to regulatory approvals and customary closing conditions.
Salil Parekh, Chief Executive Officer, 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, with whom we share a valued relationship, unveils a new opportunity to further accelerate the innovation agenda for enterprises across the region.”
Versent Group, formed from the integration of Versent, Epicon, Telstra Purple Digital, and associated cloud products, employs 650 engineers, strategists, and advisors. It reported revenues of AUD 211.4 million (over Rs 1,800 crore) in FY25, serving blue-chip clients in sectors such as government and education, financial services, energy, and utilities.
In 2024, Infosys had announced a strategic multi-year collaboration with Telstra to accelerate its software engineering and IT transformation journey and enhance customer experience. Further, in 2025, Infosys announced a collaboration with Telstra International, to advance technology leadership, drive innovation and support Telstra’s new Connected Future 30 strategy.
Oliver Camplin-Warner, Group Executive for Telstra Enterprise, said, “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, Executive Vice President – Global Head of Communications, Media & Technology at Infosys said that this collaboration reflects our shared commitment in accelerating AI-led innovation, and enabling a more connected, intelligent, and digital future for the region.”