India’s second largest software
services exporter Infosys Ltd has acquired a 100% stake in information
management consulting firm Noah Consulting LLC in an all cash deal valued at
about $70 Million. The acquisition will help the information technology company
gain expertise in providing end to end data management services to oil and gas
industry.
Established in 2008, Noah helps
upstream oil and gas companies plan, architect and deploy information solutions
to unlock the value of their oil and gas assets. It works with different
players in the sector so called super majors, independents and oil field
service companies to provide strategic data management solutions. The company
has two offices in oil rich areas of Texas and Alberta.
Acquisition of Noah comes at a time
when global oil prices have fallen steeply, resulting in a need for oil and gas
companies to improve operational efficiency by using data analytics and smarter
information technology solutions. With this acquisition, Infosys is uniquely
positioned to offer end to end data management services to oil and gas
companies globally.
The combination will bring together
Noah Industry knowledge, information strategy planning, data governance and
architecture capabilities with Infosys ability to provide technology and
outsourcing services to oil and gas clients on a global scale.
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