Infosys, Temasek extend digital services joint venture for 5 years

Information technology (IT) services firm Infosys Ltd, which has formed a joint venture (JV) with Singapore-based global investment firm Temasek in 2018, announced a five-year extension of this JV.

"Infosys Compaz (iCompaz), the Infosys-Temasek JV company, has collaborated with large corporations in Southeast Asia on their digital transformation journeys, leveraging its deep technology expertise across cloud, data and analytics, cybersecurity, digital, artificial intelligence (AI) and automation, among others," Infosys said in a filing.

iCompaz has collaborated with Temasek on its technology transformation initiatives such as deploying new digital architecture, data applications and security infrastructure.

This extension underscores iCompaz’s commitment to growing its presence in Singapore and the broader Southeast Asian market, Infosys said.

"The region is one of the fastest-growing economies in the world and is a key market for growth," it said.

"This announcement further deepens the commitment that Infosys had made in 2018, to invest in advanced technologies and capability-building, with the aim of delivering high-quality professional services and supporting the growth and development of its workforce," the company added.

Dennis Gada, EVP, Head of Financial Services at Infosys, said the company looks forward to further building on the strong foundation we have laid together to provide differentiated value to all stakeholders across the region.

"We deeply value our collaboration with Temasek, and it has helped us scale both technology capabilities and talent base in the region. Our journey over the past five years has demonstrated shared aspirations of amplifying human potential."

Rao Baskara, Chief Technology Officer, Temasek, said, “We look forward to extending our collaboration and the next phase of growth of iCompaz as it continues to provide quality digital services to companies in Southeast Asia. This engagement also enhances Temasek’s capabilities, and enables us to harness the potential that digital transformation brings.”

Manohar Atreya, CEO at Infosys Compaz, said that iCompaz has proven its expertise in the sphere of large-scale digital and IT transformation.

"We are delighted to extend this collaboration with Temasek, as we continue to leverage the global scale and depth of Infosys in intelligent AI platforms and data solutions, to help clients navigate their next journey in business transformation.”