New Delhi, Aug. 14 -- India's second largest software services provider Infosys will acquire a 75% stake in Australian information technology (IT) company Versent Group for over $150 million (AUD 233.25 million), the Bengaluru-based company said on Wednesday. This marks Infosys' third acquisition in under six months and is expected to close in the second half of FY26.

As part of the deal, Infosys will form a joint venture (JV) with Versent parent Telstra Group Ltd, Australia's largest telecom company, which will retain the remaining 25% stake.

Versent Group, which develops cloud solutions for clients and has about 650 people, generated about $138 million in revenue for the year ended June 2025. This implies that even if Infosys does not...