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Infosys, a global leader in consulting, technology, outsourcing, and next generation services, announced a definitive agreement to acquire Noah Consulting, LLC, a leading provider of advanced information management consulting services for the oil and gas industry. This acquisition was an all-cash deal, with an aggregate purchase consideration of US$70 million.
Noah Consulting helps upstream oil and gas companies, including super majors, independents, and oil field service companies plan, architect and deploy information solutions to unlock the value of their oil and gas assets. Noah's deep domain expertise in upstream oil and gas, coupled with their tools, solution accelerators, and proprietary methodologies, makes them a leader in driving strategic data management engagements. This acquisition combines Noah's deep industry knowledge, information strategy planning, data governance, and architecture capabilities with Infosys' ability to provide technology and outsourcing services on a global scale to oil and gas clients.
The transaction is expected to close before the end of the third quarter of FY 2016, subject to customary closing conditions.
Ralph Rio, ARC Advisory Group, commented, "With the lower price of oil, upstream Oil & Gas companies pay closer attention to costs. It may be counter intuitive, but this segment has proven to be a growth area for global service providers like Infosys.”
Keywords: Advanced Information Management, Oil And Gas, Data Management, ARC Advisory Group.