India-based IT services company Infosys has formed a 60-40 joint venture with Singapore-based global investment company Temasek.
The joint venture will integrate teams from Infosys and the operations of Temasek-owned Trusted Source, which currently delivers IT services to Temasek and a number of other clients. Temasek is the owner of $235 billion portfolio as at 31 March 2018, with two thirds underlying exposure to Singapore and the rest of Asia.
Shveta Arora, vice president at Infosys, will be the chief executive officer of the joint venture that will be headquartered in Singapore. Trusted Source’s more than 200 employees and contractors will be part of the joint venture, in addition to Infosys staff.
Trusted Source will provide Temasek and its clients in the region solutions and technologies across Cloud, Data & Analytics, Cybersecurity, Digital Experiences and AI & automation, and more.
In addition, the joint venture will support Temasek’s digital transformation, managing Cloud migration program that will enable Temasek to host its applications on a cloud platform.
“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,” Jon Allaway, chief technology officer of Temasek, said.