Infosys extends JV collaboration with Singapore's Temasek

Infosys on Thursday announced the extension of its joint venture with Temasek, a Singapore-based global investment firm, for five more years. Their JV company, Infosys Compaz (iCompaz), was created exclusively to bring digital transformation capabilities and global skills to the ASEAN market.

"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 last 5 years has demonstrated shared aspirations of amplifying human potential. We look forward to further building on the strong foundation we have laid together to provide differentiated value to all stakeholders across the region," said Dennis Gada, EVP, Head of Financial Services, Infosys.

Formed in 2018, iCompaz has partnered with large corporations across industry verticals 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.

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

The Infosys-Temasek joint venture is powered by the IT giant's deep capabilities in business innovation via Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey. With Infosys Cobalt, enterprises can have ready access to 35,000 cloud assets and a growing portfolio of over 300 industry cloud-first solution blueprints.

Leveraging Infosys Topaz, an AI-first offering to accelerate business value for global enterprises using generative AI, iCompaz will enable clients to create value from unprecedented innovations, pervasive efficiencies, and connected ecosystems.

"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," said Rao Baskara, Chief Technology Officer, Temasek.