The formation of an earlier announced joint venture between Infosys and Singapore’s global investment company Temasek has been completed.
The joint venture involves Temasek’s wholly-owned subsidiary Trusted Source in Singapore, with advanced technologies such as cloud, data and analytics, cyber security, digital experiences and AI provided by the consultancy in support of its digital transformation efforts.
As part of the agreement, Infosys will acquire a 60 per cent stake in the joint venture while Temasek will hold 40 per cent, as previously reported.
Headquartered in Singapore, the joint venture will integrate teams from Infosys and the operations of Trusted Source, which currently delivers IT services to Temasek and a number of other clients.
The formation of this joint venture will see 200 employees and contractors from Trusted Source play an active role in its success as well as staff from infosys who will join over time and will be headed by Shveta Arora, vice president at Infosys, as CEO.
Furthermore, employees of this joint venture will be able to access Infosys’ education and training capabilities, to advance their technological skills.