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Infosys to buy Noah Consulting
 
Infosys to buy Noah Consulting
Indian software giant Infosys announced a definitive agreement to acquire US based Noah Consulting for US$70 million in an all cash deal. With this Infosys is expected to serve the oil and gas industry with consulting services. Subject to customary closing conditions, the acquisition is expected to be finalised in third quarter of 2016.

Established in the year 2008, Noah Consulting helps upstream oil and gas companies plan, architect and deploy information solutions to unlock the value of their oil and gas assets. This acquisition combines Noah’s deep industry knowledge, 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 upstream oil and gas industry is facing unprecedented challenges that demand faster and better ways of achieving return on investment. This requires a well-defined and executed information and data management strategy that will allow companies to increase efficiencies across the lifecycle – from exploration to production. With this acquisition, we are uniquely positioned to offer end-to-end data management services to oil and gas companies globally,” said Rajesh Murthy, Executive Vice President and Global Head of Energy, Communications and Services, Infosys.

"We are excited about the new capabilities that the combination of Noah and Infosys will bring to our clients. 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,” said John Rudy, President of Noah Consulting.

Oil and gas companies 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 industry.

This is the third acquisition for Infosys in the current year. Earlier, Infosys acquired an e-commerce service provider Skava and the Israel based automation solutions company Panaya. As per the vision of its chief Vishal Sikka, Infosys would be making $20 billion by 2020 and the acquisitions are expected to generate at least $1.5 billion.

Hence with the acquisition of Noah, Infosys is expected to serve the oil and gas industry that is looking to lower the oil prices by improving efficiency and effectiveness of operations. By employing next generation data analytics solutions, the vulnerable industry might have a solution to address the issues effectively.

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