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Indian IT services company Infosys agrees to take a 75% stake in Versent Group, a cloud services provider wholly owned by Australia's Telstra Group, for ~$153M (Hritam Mukherjee/Reuters)

5d ago
Technology
Techmeme
Modern technology
Infosys, an Indian IT services company, has agreed to acquire a 75% stake in Versent Group, a cloud services provider currently owned by Australia's Telstra Group. The deal is valued at approximately $153 million. This acquisition will strengthen Infosys' cloud computing capabilities and expand its presence in the Australian market. The move reflects the ongoing consolidation and strategic investments within the IT services sector as companies seek to enhance their service offerings.
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