Infosys and Temasek Announce Joint Venture in Singapore

Business

Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today 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 (“Trusted Source” or the “joint venture”), 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 joint venture and Temasek will hold 40%. 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 & Analytics, Cybersecurity, Digital Experiences and AI & automation, and more.

The joint venture will support Temasek’s digital transformation journey, managing a complex Cloud migration program that will enable Temasek to host its applications on a cloud platform.

Infosys and Temasek have named Shveta Arora, Vice President at Infosys, as Chief Executive Officer. The joint venture will be headquartered in Singapore, and more than 200 employees and contractors from Trusted Source will be part of it on establishment, in addition to Infosys staff who will join over time.

In line with Infosys’ commitment to invest in advanced technologies and skills for its workforce, employees of the joint venture will have access to the company’s world class education and training capabilities that will enable them to provide excellent professional services and have rewarding career paths.

Mohit Joshi, President, Infosys, said, “Infosys will leverage its digital skills, learning capabilities and transformation experience to help enhance operations across Temasek’s global business. Our joint venture with Temasek will accelerate our efforts in the region, enhancing our existing presence, as we help clients navigate the next journey in their business transformation. This development is a key element of our continued efforts to invest and have a presence in the regions in which we operate.”

Jon Allaway, Chief Technology Officer, Temasek, said “We warmly welcome the opportunity to build this joint venture with Infosys, and provide those who support our business, at Trusted Source, the ability to further develop their careers with one of the world’s leading technology service providers. The partnership will also help unlock new capabilities and technology platforms that help Temasek as the organization continues our growth as a Singapore-headquartered investor, with a global presence.”

Infosys Extends Alliance With Microsoft for Cloud-Based Digital Transformation Solutions

Business

Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced an expansion of its relationship with Microsoft to accelerate the digital transformation of enterprise clients. Infosys has launched a new Microsoft Cloud Business Unit that will focus on the comprehensive cloud needs of enterprises – from infrastructure to business applications.

The Microsoft Cloud Business Unit at Infosys will consist of a central pool of trained consultants, architects and specialist sales team that will be aligned to four core solution areas – Modern Workplace, Business Applications, Application Development & Infrastructure and Data & Analytics. The new unit is chartered to develop and deliver integrated experiences, solutions and services spanning Microsoft Azure, Microsoft Office 365, Windows 10 and Microsoft Dynamics 365.

Infosys currently provides a broad set of industry solutions leveraging Dynamics 365 and other Microsoft Cloud services for customers across sectors, including Financial Services, Retail and CPG, Communications, Oil and Gas, and Life Sciences. Further, Infosys delivers a spectrum of technology solutions to help customers migrate to the Microsoft Cloud, derive deep insights from existing hybrid environments and harness intelligence for automation. Building on the current collaboration, Infosys and Microsoft have concluded a strategic Cloud Solution Provider Agreement (CSP) that enables Infosys to directly manage the entire lifecycle for its enterprise customers including billing and support, and deliver integrated end-to-end solutions as a managed service on Microsoft Cloud.

As part of this enhanced alliance, Infosys will also establish a global Microsoft Cloud Innovation Center in the US, which will act as a forum to help enterprise clients utilize the power of Microsoft Cloud. The Center will enable incubation, co-innovation and proliferation of solutions leveraging Microsoft Cloud services.

Ravi Kumar S, President and Deputy Chief Operating Officer, Infosys, said, “Our clients, large global corporations are continuing to scale their digital agendas to transform their business and operating models. This presents a unique opportunity for Infosys to partner with our clients and help them navigate this disruption. Our newly formed Microsoft Cloud Business Unit will help to synergize best-in-class capabilities; and our investments across Microsoft Azure, Microsoft 365, and Microsoft Dynamics 365 will support in orchestrating differentiated solutions in the age of digital, thereby empowering our clients to energize their core and amplifying a superior experience across stakeholders.”

Judson Althoff, Executive Vice President of Microsofts Worldwide Commercial Business, Microsoft Corp., said, “Globally, customers are moving quickly to digitally transform their organizations and are increasingly turning to the Microsoft Cloud to realize their digital ambitions. By launching its Microsoft Cloud Business Unit, Infosys can better respond to customers’ digital needs through a cohesive approach that integrates Microsoft Azure, Microsoft 365 and Microsoft Dynamics 365.”

Infosys is an Azure partner with 1400+ certified consultants and dedicated Microsoft Learning & Certification Centers across five locations. Over the past six months, Infosys and Microsoft teams have worked closely to organize multiple events and hackathons aimed at developing new solution ideas; and providing a wide cross-section of Infosys employees with hands-on experience in deploying Microsoft Cloud solutions and services