NEW DELHI, Nov 19: The country’s second-largest software services company Infosys today said it has completed the acquisition of US-based oil and gas consulting firm Noah Consulting.
Last month, the Bengaluru-based firm had announced the acquisition of Noah Consulting for USD 70 million (about Rs 453.5 crore) in an all-cash deal.
“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,” it said in a statement.
The acquisition positioned Infosys to offer end-to-end data management services to oil and gas companies globally.
Noah’s deep industry knowledge, information strategy planning, data governance and architecture capabilities combined with Infosys’ ability to provide technology and outsourcing services will offer clients in the oil and gas industry next-generation data analytics solutions, the statement said.
Founded in 2008, the Texas-headquartered firm helps companies plan, architect and deploy information solutions to unlock the value of their oil and gas assets.
It has 122 employees and two offices in Houston and Calgary as well as projects in other global markets, according to the company website. (PTI)
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