Indian tech giant Infosys says it has created a joint venture with Singapore's Temasek

  • India's Infosys said on Friday it formed a joint venture with Singapore's Temasek as it expands its presence in Southeast Asia.
  • The joint venture will combine teams from Infosys with the operations of Trusted Source, which currently delivers IT services to Temasek and other clients.
  • The JV will have more than 200 employees and contractors from Trust Source, while Infosys staff will join over time.
Vivek Prakash | Reuters

India's second-largest software services exporter Infosys said on Friday it formed a joint venture with Singapore state investor Temasek as it expands its presence in Southeast Asia.

Temasek looks to enhance its IT services through the venture in which Infosys will hold a 60 percent stake and Temasek 40 percent, Infosys said in a statement.

The joint venture will integrate teams from Infosys and the operations of Temasek's unit in Singapore, Trusted Source, which currently delivers IT services to Temasek and a number of other clients.

Headquartered in Singapore, the joint venture will have more than 200 employees and contractors from Trusted Source, while Infosys staff will join over time.

The companies named Shveta Arora, Infosys vice president and regional head in South East Asia, as chief executive officer of the new venture.