Infosys will acquire 75% of Telstra’s cloud subsidiary Versent for $153M. Asia Cloud reports how this deal reshapes Australia’s enterprise cloud market.
Australia’s enterprise cloud market is heating up, and Asia Cloud is following the biggest shifts driving regional transformation. Infosys has agreed to acquire a 75% stake in Versent Group, the cloud and digital services arm of Telstra, for US$153M (AU$233M). Telstra will retain a 25% minority stake, while Infosys takes operational control — marking one of the most significant IT-telco partnerships in Asia-Pacific this year.
Deal Highlights
The acquisition, set to close in the second half of Infosys’ FY2026, creates a joint venture combining Infosys’ AI-driven scale with Versent’s deep local presence in Australia.
- Versent employs 650+ engineers and strategists, serving government, financial services, utilities, and education.
- Infosys will integrate its Topaz AI platform, Cobalt cloud suite, and cybersecurity capabilities (via The Missing Link) into Versent’s offerings.
- Telstra’s 25% stake aligns with its Connected Future 30 strategy, focused on next-gen networks and AI-powered services.
Market Context: Asia Cloud View
Australia’s cloud market, valued at US$12.4B (2024), is projected to grow at 17% CAGR through 2029, according to IDC. Growth is powered by:
- Hybrid cloud adoption across enterprises
- AI-first application development
- Government digital modernization mandates
Infosys’ move positions it ahead of rivals like Accenture, Deloitte Digital, and Wipro, all of whom are scaling aggressively in the region. Asia Cloud sees this as a strategic play for long-term dominance in Australia’s enterprise cloud ecosystem.
Strategic Implications
For Infosys, the deal expands its Asia-Pacific footprint and strengthens its positioning as a provider of AI-first, cloud-native enterprise services. For Telstra, the sale reflects a broader telecom trend: offloading non-core businesses while retaining exposure to high-growth adjacencies like cloud, AI, and cybersecurity.
This partnership also signals a convergence of telcos, IT service giants, and regional specialists: all working to build the next generation of digital infrastructure in Australia.