India’s second-largest software services exporter Infosys has formed a joint venture with Singapore state investor Temasek to expands its presence in Southeast Asia.
Temasek will enhance its IT services through the joint venture. Infosys will hold a 60% int he venture while will hold Temasek 40%. 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.