Indian IT services leader Infosys has agreed to acquire a 75% stake in Australian technology services provider Versent Group, a subsidiary of telecom giant Telstra, for AU$233.3 million(approximately US$153 million).
The transaction will establish a joint venture between Infosys and Telstra, aimed at accelerating AI-powered cloud and digital transformation for enterprises across Australia. Telstra will retain a 25% minority share, while Infosys will take operational control.
Versent’s Role in Australia’s Digital Economy
Founded to serve the evolving needs of large enterprises, Versent Group delivers cloud, data, and digital transformation services to key industries, including:
- Finance
- Energy and utilities
- Government
- Education
The company employs 650 engineers, advisors, and strategists spread across Australia, with expertise in delivering scalable, secure, and high-performance digital infrastructure.
Strategic Technology Integration
Infosys plans to integrate its Topaz generative AI platform, Cobalt cloud suite, and The Missing Link cybersecurity services into Versent’s operations. This combination is expected to expand Versent’s existing service portfolio and position the joint venture as a leading provider of advanced AI, cloud, and data consulting solutions in the region.
The partnership builds on a strategic alliance formed in 2024 between Infosys and Telstra, as well as a collaboration earlier in 2025 under Telstra’s Connected Future 30 strategy — a long-term roadmap with AI at its core.
Executive Perspectives
Vicki Brady, CEO of Telstra, said the expanded collaboration reflects a shared vision to unlock value for Australian businesses. She highlighted Infosys’s global scale, industry expertise, and innovation-driven culture as key to accelerating Versent’s regional growth.
Salil Parekh, CEO of Infosys, described the deal as a natural extension of the companies’ existing relationship, noting its potential to fast-track enterprise innovation across sectors.
Deal Timeline
Infosys expects the acquisition to close in the second half of FY 2026, subject to customary regulatory approvals. Once completed, the joint venture is expected to play a significant role in shaping Australia’s AI-enabled cloud transformation ecosystem.
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IMAGE: Chris Helgren
