Infosys digs deeper into oil, to acquire Noah Consulting for $70m

MUMBAI, INDIA: Infosys has signed a definitive agreement to acquire Houston-based consulting firm Noah Consulting that provides advanced information management consulting services for the oil and gas industry for $70 million.

Founded in 2008, Noah Consulting helps oil and gas companies, independents and oil field service companies plan, architect and deploy solutions that drive strategic data management engagements.

Noah has offices in Houston and Calgary, as well as projects in other global markets. The transaction is expected to close before the end of Q32016, subject to customary closing conditions

"Our oil and gas clients are adjusting to a new normal of lower oil prices. There is an urgency to improve the efficiency and effectiveness of their operations in a safe and reliable manner. This acquisition is part of Infosys' strategy to bring next generation data analytics solutions to the oil and gas industry," said Sanjay Purohit, EVP and Global Head, Infosys Consulting.

John Ruddy, President, Noah Consulting, said, "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."

It must be noted that Noah Consulting is the third acquisition this year after Infosys acquired US-based digital experience provider Kallidus (which does business under the name Skava) for $120 million and US-based automation technology company Panaya for $200 million.