Infosys to acquire 75% stake in Australia’s Versent in new JV with Telstra for $153 million

Infosys said on Wednesday that it has agreed to acquire a 75% stake in Australia’s Versent Group, which delivers cloud and digital transformation to enterprises, in an all-cash deal valued at A$233.25 million (about $153 million). The acquisition is part of the formation of a joint venture with Telstra, an Australian telecommunications and technology company. Versent Group is a wholly-owned subsidiary of Telstra.

According to the terms of the joint venture, Infosys will have operational control, while Telstra will continue to retain a 25% minority stake in Versent Group. “Expanding our trusted collaboration with Telstra, with whom we share a valued relationship, unveils a new opportunity further to accelerate the innovation agenda for enterprises across the region,” said Salil Parekh, CEO, Infosys, in a statement. The transaction is expected to close during the second half of fiscal 2026, subject to regulatory approvals—including that of the Foreign Investment Review Board of Australia and Australian Competition and Consumer Commission—and customary closing conditions.

This strategic collaboration will see Versent Group’s cloud and digital transformation expertise boosted by Infosys’ advanced AI capabilities, Cloud, Data and Digital consulting services. The partnership will leverage Infosys Topaz and cloud offering Infosys Cobalt, as well as the cybersecurity capabilities of The Missing Link. It aims to deliver a new wave of differentiated value to accelerate end-to-end digital transformation for Australian enterprises and government corporations.

In 2024, Infosys 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.

According to a statement by Infosys, Versent Group has earned its reputation by helping Australian enterprises design and implement cloud strategy with industry-leading partners—delivering digital transformation with deep industry expertise. With a team of 650 engineers, advisors, and strategists spread across Australia, Versent Group strengthens Infosys’ local presence. Versent Group primarily serves large blue-chip organisations with established presence in government and education, financial institutions, energy, and the utilities sector.