Infosys and Temasek Extend Digital JV for 5 Years

Indian technology & IT services major, Infosys, has announced a five-year extension of its successful joint venture collaboration with Singapore based Temasek, a global investment firm. Infosys Compaz (“iCompaz”), the Infosys-Temasek joint venture (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.

It was in September 2018 when Infosys announced the formation of a JV called 'Infosys Compaz' (iCompaz) with Temasek, with a goal to strengthen its workforce foot print in Southeast Asia. Infosys has a 60% stake in iCompaz while Temasek holds 40% stake.

The extension underscores iCompaz’s commitment to growing its presence in Singapore and the broader Southeast Asian market. The region is one of the fastest-growing economies in the world and is a key market for growth. iCompaz.

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

The announcement also 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.

iCompaz is powered by Infosys’ deep capabilities in business innovation through Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey. Leveraging Infosys Topaz, an AI-first set of services, solutions and platforms using generative AI technologies, iCompaz will enable clients to create value from unprecedented innovations, pervasive efficiencies, and connected ecosystems.

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, Infosys Compaz, said, "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.”

Last month, Infosys joined hands with technology giant Microsoft and semiconductor major NVIDIA, with the aim to help enterprises worldwide, drive productivity gains with generative AI applications and solutions.

Earlier this month, Infosys announced the launch of Infosys Cobalt Airline Cloud (ICAC) a first-of-its-kind industry cloud offering designed for commercial airlines to help them accelerate their digital transformation journey. 


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