Bengaluru: India’s second-largest IT company Infosys, has announced its intention to buy a 75% stake in Australian digital transformation solutions provider Versant Group for Rs.1,300 crore or USD 153 million. Formed after amalgamating Versant, Epicon, Telstra Purple Digital and other associated cloud products, this was a wholly owned subsidiary of the Telstra Group, Australia’s leading telecommunication provider. The company’s team of 650 engineers, advisors and strategists helps leading Australian companies to transform their digital presence. Its major clients include Great Southern Bank, Sai Global, Vix Technology and various Australian government departments.
This acquisition complements Infosys’ strategic collaboration with Telstra to advance its technology leadership and IT transformation journey, along with supporting the company’s Connected Future 30 strategy.
“We are excited to bring Infosys Topaz™ to enable transformative AI-first capabilities to complement Versant 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.” Salil Parekh, Chief Executive Officer, Infosys, said.
The deal is subject to various regulatory approvals and is expected to close in the second half of FY26. Versant Group will remain a standalone business, and Telstra Group will retain a 25% stake in the company.
Currently, Infosys generates less than 9% of its revenues from regions like Australia and the Middle East, even as the company aims to diversify its revenues from Europe and North America, which collectively account for almost 86% of its revenues.
Rising trade tariffs, especially by the US, along with slowing demand continue to remain an indirect threat to Infosys, as businesses hesitate to invest in transformative digital infrastructure projects. This has forced Infosys to explore new geographies through acquisitions and partnerships like this. In Q1FY26, the company managed to beat expectations with an 8.7% rise in net profit, even as profit margins remain more or less the same.
