Infosys to buy US-based Noha Consulting firm for 70 million USD
Infosys on Monday announced the acquisition of US-based Noha Consulting firm for 70 million USD (Rs 454 crore) in a cash deal. The Houston-headquartered Noha provides information management and consultancy services to the oil and gas industry.
"Noah helps upstream oil and gas firms plan, architect and deploy information solutions to unlock the value of their oil and gas assets. Its expertise in upstream oil and gas makes it a leader in driving strategic data management engagements," the IT outsourcing major said in a statement.The buyout will position Infosys to offer end-to-end data management services to oil and gas companies globally.The acquisition will leverage Noah's industry knowledge, information strategy planning, data governance and architecture capabilities with the global software major ability to provide technology and outsourcing services on a global scale to oil and gas clients.