Infosys in JV with Temasek for cloud, AI tech, expanding SE Asia presence

As part of the agreement, Infosys will acquire 60 per cent in the joint venture entity in lieu of which the company would invest up to $8.7 million while Temasek will hold the rest

India’s second largest IT services company Infosys has formed a joint venture with Singapore's state fund Temasek that will help the Bengaluru-headquartered firm increase its footprint in South East Asia by offering services in areas like cloud, analytics, artificial intelligence (AI) and automation.

As part of the agreement, Infosys will invest up to $8.7 million to acquire 60 per cent in the joint venture entity, while Temasek will hold the rest. Around 200 of Temasek’s employees who were part of its wholly-owned subsidiary in Singapore Trusted Source Pte Ltd, will be part of the joint venture, while Infosys’s staff will