Infosys has announced the acquisition of a 75% stake in Australian cloud solutions provider Versent Group for over $150 million, in partnership with Telstra Group. This marks Infosys’ third acquisition in 2025 and is expected to strengthen its Asia-Pacific presence amid a competitive global IT landscape.
Infosys Ltd., headquartered in Bengaluru, Karnataka, is one of India’s largest IT services and consulting companies, providing digital transformation, cloud solutions, and technology outsourcing to clients worldwide. Established in 1981, the company operates in over 50 countries and has been actively expanding through acquisitions to counter market headwinds and diversify revenue streams.
In its latest move, Infosys has signed an agreement to acquire a 75% stake in Versent Group, a Sydney-based IT firm specializing in cloud transformation, DevOps, and managed services. The remaining 25% stake will be held by Telstra Group Ltd., Australia’s largest telecom company. The transaction, valued at AUD 233.25 million (approximately USD 150 million), is expected to close in the second half of FY26, subject to customary approvals.
Versent Group, with a workforce of around 650 employees, reported revenues of approximately USD 138 million for the fiscal year ended June 2025. The deal is expected to contribute at least 0.72% to Infosys’ FY26 revenue, even without additional organic growth.
Also Read: Infosys’ 3% Surge Post Q4: Investor Confidence at a New High
Chief Executive Officer Salil Parekh highlighted the strategic value:
We are excited to bring Infosys Topaz™ to enable transformative AI-first capabilities, complementing Versent’s cloud-first digital foundation. Expanding our trusted collaboration with Telstra unveils a new opportunity to accelerate the innovation agenda for enterprises across the region.”
Salil Parekh, CEO of Infosys
He emphasized how the deal integrates Infosys’ AI and cloud platforms like Topaz and Infosys Cobalt, along with cybersecurity assets from The Missing Link.
This is Infosys’ third acquisition in less than six months. Earlier in 2025, the company purchased US-based MRE Consulting and Australian cybersecurity firm The Missing Link for a combined USD 98 million. Together, Infosys’ acquisitions this year have reached a value of approximately USD 254 million, underscoring its strategic push into high-value technology segments.
Industry analysts note that Infosys’ acquisition strategy mirrors peers like Cognizant Technology Solutions, which has relied heavily on M&A to boost quarterly growth amid weakening client spending on large-scale technology revamps.
Also Read: The Stock Market Turns Its Back on Infosys—But for How Long?
In the April–June 2025 quarter, Infosys posted USD 4.94 billion in revenue, a sequential rise of 4.46%, driven partly by contributions from its recent acquisitions. The company also revised its full-year revenue guidance to 1–3% growth, citing a robust order book and expansion into new markets.
The deal comes at a time when large outsourcing contracts valued above USD 1 billion have been rare, and top IT players such as Tata Consultancy Services (TCS), HCL Technologies, Wipro, and Tech Mahindra are facing muted deal momentum. Infosys’ 4.5% sequential revenue growth last quarter was the highest among these peers, buoyed by energy-sector demand and niche regional wins.
For Infosys, the Versent deal not only enhances its Asia-Pacific footprint but also solidifies its role in delivering large-scale cloud transformation projects, a high-demand segment in today’s enterprise technology market.
READ MORE ON