Infosys Consulting to Acquire Noah Consulting
Noah Consulting will be acquired by Infosys Consulting as a business unit focused on Information Management Services for $70 million or Rs 450 crore in an all-cash transaction expected to close before the end of the third quarter of 2015-16 fiscal year. Infosys is a global leader in consulting and technology services and has one of the largest Oil and Gas practices. Noah Consulting is a leading provider of advanced information management consulting services for the oil and gas industry. This acquisition signals Infosys Consulting’s intent to become the global market leader in providing information management services to the Oil and Gas industry and to be the consulting partner of choice for customers with large or complex volumes of data.
Commenting on the acquisition, Rajesh Murthy, EVP and global head of energy, communications and services, Infosys said, "The upstream oil and gas industry is facing unprecedented challenges that demand faster and better ways of achieving return on investment. This requires a well-defined and executed information and data management strategy that will allow companies to increase efficiencies across the lifecycle - from exploration to production. With this acquisition, we are uniquely positioned to offer end-to-end data management services to oil and gas companies globally."
John Ruddy, President of Noah Consulting said, "We are excited about the new capabilities that the combination of Noah and Infosys will bring to our clients. Together, we can effect transformational change for our oil and gas clients by using information management to integrate supply chain, safety, environmental and financial data with geoscience, engineering and other operational and technical data - an industry challenge that has never been addressed effectively. We look forward to making a difference together."
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.7 billion in annual revenues and 187,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.