Infosys confirmed the news in a regulatory filing that it would have operational control over the company, while Telstra would retain its 25% minority stake in Versent Group.
Shares of India’s second-largest IT services company, Infosys, rose 2% to reach Rs 1449.90 when it was announced that it is buying a 75% stake in Versent Group, which is part of Australia’s telecommunications and technology firm Telstra Group, for $153 million. This acquisition will be made through the company’s wholly owned subsidiary, Infosys Singapore, to deliver cloud and digital transformation services.
Infosys confirmed the news in a regulatory filing that it would have operational control over the company, while Telstra would retain its 25% minority stake in Versent Group. Versent Group is Australia’s leading digital transformation solutions provider and a wholly owned subsidiary of Telstra Group, a cloud and digital transformation service provider, which has a reported revenue is AUD 211.4 million for 2025.
650 engineers, advisors, and strategists from Versent in Australia will be inducted into Infosys along with the company’s leaders. This acquisition will be finalised by the end of the second half of next year once it obtains all the required approvals. The deal must be cleared by Australia’s Foreign Investment Review Board and the Australian Competition and Consumer Commission.
This deal price includes both an upfront payment and deferred consideration, such as earnouts, but excludes management incentives. Part of the deal price also includes a retention bonus, and nearly 75% equity stake in Telstra Purple Pty Ltd is involved in the transaction.
Versent, Epicon, Telstra Purple Digital, and associated cloud access products together make Telstra Purple. However, Telstra Purple Digital is a branch of Telstra’s enterprise tech services or the Telstra Purple portfolio and does not include Alliance Automation, Aqura Technologies, and Telstra Broadcast Services, reported The Economic Times.
The Versent Group mainly works with well-established blue-chip organisations which have their presence cemented in the government, education, finance, energy and utilities sectors. According to Infosys CEO Salil Parekh, the company’s AI tool, Infosys Topaz, will be introduced to complement Versent Group’s cloud-first digital foundation. Parekh acknowledged that the two companies share a valued friendship and will open new avenues for innovation.
This is not the first coupling of Infosys and Telstra, as both companies have been working together since last year Infosys inked a deal with the Australian service provider to expand its software engineering and IT transformation to further customer experience. Telstra International also partnered with the Indian enterprise a few weeks ago to augment technology leadership, innovation, and support Telstra’s new Connected Future 30 strategy.
Infosys said in a statement that such a collaboration was necessary to bring about technological transformation across the region. This partnership will ensure digital transformation for organisations and government corporations across Australia.
On Thursday, the Bengaluru-based company’s shares rose as much as 1.82%, which is the biggest intraday rise since July 15. Bloomberg later reported that stocks climbed for the second straight session and are currently valued at over 2.5 times the average monthly trading volume. Presently, Infosys’ total market capitalisation is Rs 6.02 trillion.
This new partnership integrates the strengths of both tech giants. Telstra has extensive network connectivity and is an established player in the Australian market. Versent is a local expert in digital engineering and cloud strategy execution. Finally, Infosys is known for its global delivery scale and advanced technology capabilities.
Telstra CEO Vicki Brady said of this new partnership that Versent Group has a reputation for helping Australian enterprises adopt modern cloud environments, transitioning from traditional technology. Therefore, Infosys’ global presence, industry knowledge, service and innovative excellence are bound to accelerate Versent Group’s growth and impact across the region.
Customers will benefit vastly from Telstra’s leading connectivity and the local agility and specialised engineering of Versent Group, as well as the advanced capabilities and market and industry knowledge which Infosys brings to the table.
