Infosys and Telstra Joint Venture Boosts AI and Cloud Capabilities in Australia

Infosys has acquired a 75% stake in Australian digital transformation solutions provider Versent Group, while Telstra retains 25%. The joint venture will enhance AI-enabled cloud and digital transformation solutions for Australian businesses, leveraging Infosys' platforms like Topaz and Cobalt. The transaction is expected to close in the second half of FY 2026, subject to regulatory approvals. The partnership builds on existing collaborations between Infosys and Telstra, including a 2024 software engineering initiative and the 2025 Connected Future 30 strategy.

Infosys, a global leader in next-generation digital services and consulting, has acquired a 75% stake in Versent Group, a digital transformation solutions provider based in Australia. This acquisition is part of a strategic joint venture with Telstra, Australia’s leading telecommunications and technology company. The joint venture aims to enhance AI-enabled cloud and digital transformation solutions for Australian businesses, leveraging Infosys' advanced platforms such as Topaz and Cobalt [1].

The transaction, valued at Australian dollar 233.25 million (approximately ₹1,300 crore), will see Infosys acquire operational control over Versent Group, while Telstra retains a 25% minority stake. The joint venture is expected to close in the second half of FY 2026, subject to regulatory approvals [1].

This strategic collaboration builds upon existing partnerships between Infosys and Telstra. In 2024, Infosys and Telstra announced a multi-year collaboration to accelerate software engineering and IT transformation. In 2025, they expanded their collaboration to advance technology leadership and support Telstra’s new Connected Future 30 strategy [1].

Vicki Brady, Chief Executive Officer of Telstra, commented, “Our collaboration with Infosys reflects our confidence in the value we can unlock together. Their global scale, deep industry knowledge, and culture of innovation and service excellence will be instrumental in accelerating Versent Group’s growth and impact across the region” [1].

Salil Parekh, Chief Executive Officer of Infosys, stated, “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” [1].

Oliver Camplin-Warner, Group Executive for Telstra Enterprise, added, “We’re excited about what’s ahead as we deepen our strategic collaboration with Infosys. 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” [1].

Anand Swaminathan, Executive Vice President – Global Head of Communications, Media & Technology, Infosys, noted, “By combining Infosys’ global leadership in digital services with the strength and trust of the Telstra brand, we are uniquely positioned to deliver cloud and AI solutions that are secure, resilient, and built for the digital needs of Australia and New Zealand. This collaboration reflects our shared commitment in accelerating AI-led innovation, and enabling a more connected, intelligent, and digital future for the region” [1].

Infosys is delighted to welcome Versent Group and its leadership team. The transaction is expected to close during the second half of FY 2026, subject to regulatory approvals and customary closing conditions [1].

References:
[1] https://www.infosys.com/newsroom/press-releases/2025/telstra-australia-ai-enabled-cloud-digital-joint-venture.html