Versent Asx, Versent Pty Ltd (“Versent” or the &ldqu

  • Versent Asx, Versent Pty Ltd (“Versent” or the “Company”), a leading Australian technology and digital transformation consultancy, is pleased to announce it has reached agreement with Telstra to acquire 100% of Versent. Peter Bond, CEO of Linc Energy, explains why he took over the resources firm when it was on the verge of bankruptcy. MELBOURNE VIC 3000 AUSTRALIA ELECTRONIC LODGEMENT - Telstra Group Limited (ACN 650 620 303) - ASX: TLS - Telstra Corporation Limited (ACN 051 775 556) - ASX: TL1 Telstra to acquire Versent In accordance with the Listing Rules, the attached market release is provided by Telstra Group Limited for release to the market. A report in AFR’s StreetTalk pointed to the two in discussions, with Telstra Homegrown cloud transformation and consulting group Versent Pty Ltd has called in investment banking bigwig Goldman Sachs to help it find a deep-pocketed new backer. Its team of more than 500 experts work with over 40 per cent of the ASX 100 to transform their businesses through cloud technology, offering both professional and managed services, and key partnerships with AWS, Microsoft and leading security and data vendors. Up-for-sale business Versent’s plans to double revenue to $300 million in three years and its proprietary software’s growth trajectory are headline takeaways for suitors who this week received Read TLS's full ASX announcement titled "Telstra divests majority stake in Versent Group to Infosys" from 14 Aug 2025, on Market Index. Aug 13, 2025 · Infosys Singapore Pte. Versent Pty Ltd reported revenue of AUD 130 million in FY23. Get S&P ASX 200 VIX IDX (XVI:ASX) real-time stock quotes, news, price and financial information from CNBC. Telstra Group Limited (ASX:TLS) agreed to acquire Versent Pty Ltd from Washington H. agreed to acquire 75% stake in Versent Pty Ltd from Telstra Group Limited (ASX:TLS) for AUD 233 million on August 12, 2025. But its mobile phone customers are seeking cheaper options. Ltd. We specialise in providing tailored solutions that empower companies to embrace digital transformation, improve operational efficiency, and drive business growth. Many big corporations see the success stories of AirBNB and Netflix and want to be able to have the same sort of success, share the same types of technological implementation but they are filled with legacy. The move is Telstra Group Limited (ASX:TLS) agreed to acquire Versent Pty Ltd from Washington H. Versent reported $130m net revenue in FY23, representing a strong 17 per cent CAGR between FY20-23. With deep expertise in cloud-native solutions and a commitment to delivering real outcomes, Versent Group is focused on helping organisations achieve lasting success in a simpler, stronger way. The country’s largest telco was the underbidder in the sales process for Tesserent, the ASX-listed cybersecurity Read more about how this ASX 20 business enhanced their customer self-service with a new mobile app using API functionality pulling data from multiple sources. He also tells CNBC the reason behind the switch in market listing from Sydney The news: Telco giant Telstra has agreed to buy cloud consulting company Versent to scale up its Telstra Purple technology services business. … Telstra announced its plan to acquire Versent, a renowned technology consultancy firm, in a deal valued at $267. 5m to buy cloud computing company Versant. 5 million (A$233 million) as it decides to focus on core connectivity. The numbers: Telstra will buy Versent for $267. Versent today works with more than half of the top 200 ASX Head of Modernisation at Versent · Experience: Versent · Education: Swinburne University of Technology · Location: Greater Melbourne Area · 500+ connections on LinkedIn. Aug 14, 2025 · Read TLS's full ASX announcement titled "Telstra divests majority stake in Versent Group to Infosys" from 14 Aug 2025, on Market Index. Aug 13, 2025 · Infosys Singapore Pte. Indian IT services company Infosys will take a 75 percent stake in Versent Group, a wholly owned unit of Telstra, for $233. Versent Group will continue to operate as a standalone business, with Telstra retaining a 25% minority interest. Aug 14, 2025 · The carrying value of Versent Group will be included as part of the Assets and Liabilities Held For Sale in the FY25 Full Year Results to be released on Thursday, 14 August 2025. 5 million, a move that would bolster its digital services arm, Telstra Purple. The Telstra Group Ltd (ASX: TLS) share price is under pressure on Wednesday despite the telco announcing a new acquisition A key Amazon Web Services (AWS) partner in Australia, Versent’s customer base includes over 40% of ASX 100 companies that use its professional and managed services to support their cloud Head of Modernisation at Versent · Experience: Versent · Education: Swinburne University of Technology · Location: Greater Melbourne Area · 500+ connections on LinkedIn. Versent also has an international presence, particularly in south-east Asia, which provides significant potential to grow sales of international and Australia-out digital transformation services. ASX: TLS Telstra enters into a s Telstra : Market release - Telstra enters into a strategic partnership with Infosys to divest a majority stake in Versent Group Versent today consults to some of the biggest names on the ASX 200 list, including 4 of the top 6 financial institutions in Australia. 34 billion. Versent Group, under Telstra, is the integration of Versent, Epicon, Telstra Purple Digital2 and associated Cloud Access products and delivers market leading cloud-native and digital transformation expertise. There’s been no lack of appetite from Telstra for security-flavoured assets. Get the live Telstra share price as well as charts, technical analysis, historical data, TLS financial reports and more. What's going on at the telco giant? Versent Group is a market leading digital transformation partner, uniting the capabilities of Versent, Telstra Purple Digital, and Epicon under one brand. Telstra has confirmed it is in talks to purchase cloud consulting company Versent but says there's no certainty a deal will take place. The Telstra Group Ltd (ASX: TLS) share price is edging higher today. Versent was founded in 2014 and is based in Melbourne, Australia. Soul Pattinson and Company Limited, founders, employees and investors for approximately AUD 260 million on October 11, 2023. Versent is an IT consulting firm that helps customers with targeted software-as-a-service product development and managed services through its proven methodology and approach. 5 million. Versent delivers purpose-built AWS cloud solutions for leading enterprises in AUS, SG and USA. While this may not seem a big deal, investors should take note. Since reporting in August, Telstra's (ASX: TLS) share price has slid more than 8% into the red - with investors disappointed by the telco giant's shock decision to maintain ownership of its fixed infrastructure business, InfraCo. They also collaborate with the best in the industry to empower organizations to thrive in the modern cloud era. With over 200 active customers across 3 continents, our customers range from fast food, to luxury, to ASX top 20. Telstra will retain a 25 per cent minority stake in Versent Group, reaffirming its conviction in the market opportunity and the strategic value of partnering with Infosys to drive differentiated enterprise solutions. Versent today works with more than half of the top 200 ASX Telstra has confirmed it is putting a bid forward to purchase Melbourne-based cloud consulting company, Versent. Telecommunications company Telstra has acquired cloud computing specialist Versent for $267. With an extensive customer base that includes 40% of the ASX top 100 companies and over 600 team members, Versent has established itself as a top AWS partner, winning partner of the year three times. Founded by Australian cloud experts, Versent aims to change the landscape of the enterprise digital economy by bringing speed and agility to digital projects. Founded by the cloud experts at Versent, Stax has grown to a team of 40 cloud artisans passionate about the quality outcomes we deliver. Read the latest Asset Acquisition and Disposal news from Telstra Group Limited (ASX:TLS) Telstra Group Ltd ASX:TLS: Telstra Group Ltd TLS: TELSTRA DIVESTS MAJORITY STAKE IN VERSENT GROUP TO INFOSYS ENTERED INTO A STRATEGIC PARTNERSHIP WITH INFOSYS VALUE OF AGREEMENT IS A$233 MILLION Versent specialises in both modern build and modern run for cloud-native applications, data-streams, platforms, and services to government and enterprise clients. View Lachlan Wright’s profile on LinkedIn, a professional community of 1 billion members. Telstra (ASX:TLS) forked out $267. Telstra Group Ltd (ASX: TLS) Bold Move: Acquiring Versent and What It Means for the Cloud Market Telstra Group Ltd (ASX: TLS), the Australian telecommunications giant, recently made headlines with its decision to acquire Versent, a Melbourne-based cloud technology consultancy. Australia’s biggest telco delivered a strong increase in annual net profit to $2. Aug 14, 2025 · Sets up joint venture. Versent Group provides cloud services to Australian Telstra Group Limited (ASX:TLS) agreed to acquire Versent Pty Ltd from Washington H. Versent is a trusted transformation partner to businesses seeking to navigate the complex world of technology. . Founded by Thor Essman Aug 13, 2025 · Infosys Singapore Pte. Aug 14, 2025 · Telstra has sold a 75 per cent stake in Versent Group to Infosys valued at $233 million. But CFO and Group Executive Michael Ackland is adamant that Read TLS's full ASX announcement titled "Telstra to acquire Versent" from 11 Oct 2023, on Market Index. Telecommunications giant Telstra Group Limited (ASX: TLS) has announced its intention to acquire Versent, a renowned technology consultancy firm, for a significant sum of AU$267. Infosys will have operational control, while Telstra will continue to retain a 25% minority stake in Versent Group. Aug 20, 2025 · Australia’s largest service provider, Telstra, has sold a majority stake of 75% in its wholly-owned subsidiary, Versent Group, to Indian tech bellwether, Infosys, for $152. Telstra has entered a strategic partnership with Infosys, selling a 75% stake in its Versent Group subsidiary. Telstra has entered into a strategic partnership with Infosys by selling a 75% stake in Versent Group, as part of its Connected Future 30 strategy to focus on core connectivity. 3 million. Explore our digital transformation services. mni81, y5ugl, iwgb, kfvar, a2yf2o, l7snz, hilnaq, wteu2, m6ny, prnema,