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Infosys and Temasek Extend Digital Services Joint Venture for Five Years

The extension demonstrates shared objective of creating impactful digital transformation and investing in digital talent in Singapore

Infosys and Temasek Extend Digital Services Joint Venture for Five Years
POSTED ON October 12, 2023 5:05 PM

Infosys (NSE, BSE, NYSE: INFY) today announced a five-year extension of its joint venture collaboration with Temasek, an investment firm headquartered in Singapore. 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.  

This 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, which was formed in 2018, has collaborated with Temasek on its technology transformation initiatives such as deploying new digital architecture, data applications and security infrastructure.   

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.” 

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