Infosys has announced that it has formed a joint venture with Temasek, a global investment company headquartered in Singapore. The joint venture (JV) will integrate teams from Infosys and the operations of Temasek’s wholly-owned subsidiary in Singapore, Trusted Source Pte Ltd, which currently delivers IT services to Temasek and a number of other clients.
As part of the transaction, Infosys will acquire a 60% stake in the JV and Temasek will hold 40%. The agreement was signed by the parties last night with immediate effect.
As per the announcement, Infosys and Temasek see important synergy and strategic alignment in the JV. Infosys gains significant capacity in terms of the workforce as it focuses on strengthening its footprint in Southeast Asia, while Temasek will see a rapid enhancement of its IT services through the augmented capabilities of the JV entity.
Trusted Source will provide Temasek and its other clients in the region solutions and technologies across cloud, data & analytics, cyber security, digital experiences, and AI & automation, among others.
As part of the transaction, Infosys will acquire a 60% stake in the JV and Temasek will hold 40%. The agreement was signed by the parties last night with immediate effect.
As per the announcement, Infosys and Temasek see important synergy and strategic alignment in the JV. Infosys gains significant capacity in terms of the workforce as it focuses on strengthening its footprint in Southeast Asia, while Temasek will see a rapid enhancement of its IT services through the augmented capabilities of the JV entity.
Trusted Source will provide Temasek and its other clients in the region solutions and technologies across cloud, data & analytics, cyber security, digital experiences, and AI & automation, among others.
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