(Image source from: Infosys announces completion of Noah Consulting acquisition})
Infosys, the second-largest software services company of India, has announced the completion of Noah Consulting acquisition. Noah is a US-based oil and gas consulting company. Previous month, he acquisition of Noah Consulting was announced by the Bengaluru-based firm for nearly Rs 453.5 crore ($70 million) in an all-cash deal.
The company said in a statement that, “Infosys has completed the acquisition of Noah Consulting, a provider of advanced information management consulting services for the oil and gas industry. The acquisition is in accordance with the terms set out in the agreement announced by the company on October 19, 2015.”
With the acquisition, Infosys got into a position to facilitate end-to-end data management services to oil and gas companies across the globe. According to the statement, deep industry knowledge, data governance and architecture capabilities, and information strategy planning of Noah will now be combined with Infosys technology and outsourcing services. Thu, the oil and gas industry will be offered next—generation data analytics solutions.
As per the information from the web-site of the company, Noah has 122 employees, projects in global markets, besides two offices in Houston and Calgary.