Infosys and Temasek announce JV in Singapore
Infosys announced the formation of a joint venture with Temasek, the global investment company headquartered in Singapore. The joint venture 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 percent stake in the joint venture and Temasek will hold 40 percent. The agreement was signed by the parties last night and is effective immediately.
Infosys and Temasek see important synergy and strategic alignment in the joint venture. Infosys gains significant capacity in terms of 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 joint venture entity.
Trusted Source will provide Temasek and its other clients in the region solutions and technologies across cloud, data and analytics, cybersecurity, digital experiences, and AI and automation, and more.
