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Telstra’s Acquisition of Versent to Boost Growth Opportunities in Tech Services Business

Telstra, a leading telecommunications company, recently announced its acquisition of Versent, a cloud-native application specialist. This strategic move aims to scale Telstra’s tech services business, Telstra Purple, while also accelerating the growth of Versent both within Australia and internationally.

As experts in Modern Build and Modern Run for cloud-native applications, data-streams, platforms, and services, Versent has established a strong foothold in the market. Their clients include government and enterprise entities across Australia, the Asia Pacific region, and the United States.

With the collaboration of Telstra and Versent, customers can expect enhanced technical expertise and a stronger focus on delivering successful outcomes. The acquisition aligns with Versent’s core principle of putting their customers’ success at the forefront of their operations. This customer-centric approach has driven Versent to invest in engineering depth, innovation, and a culture that fosters excellence in engineering talent.

The shared values between Versent and Telstra are exemplified in their mutual commitment to achieving the highest standards of quality and customer satisfaction. The corporate culture at Versent, known as “done done,” resonates deeply with Telstra, making this partnership a natural fit.

The acquisition also comes at a pivotal moment for Versent, as the company has been experiencing sustained growth. Since its establishment in 2014, the company has expanded its workforce to over 500 employees, with offices located in Australia, Singapore, and the United States. Versent boasts an impressive track record, having successfully delivered more than 1,300 projects, migrated or transformed over 1,000 cloud workloads, and managing an impressive 350 million secure identities.

By joining forces with Telstra Purple, Versent anticipates achieving greater scalability and tapping into a consistent growth pipeline. This partnership will further solidify Versent’s international presence and expand its footprint in key markets.

The completion of this acquisition is expected within the next six weeks, pending customary closing conditions. Once finalized, both Telstra and Versent will be well-positioned to capitalize on the opportunities presented by their combined expertise and capabilities.

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