Infosys has signed a treaty to acquire Noah Consulting, LLC with a cumulative acquirement consideration of $70million, an all-cash contract. It's meeting adhered on October 19, 2015, has given due consideration and approved to promote cent percent stake in Noah Consulting LLC which is headquartered in Houston, Texas (USA), a leading administrator and advanced information management consulting services for the oil and gas industry. Infosys, an international leader in consulting, technology, and outsourcing enables clients in more than 50 countries to excel and overcome challenges by rising up the circle of innovation. "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", says Infosys.
"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," it added. "This acquisition is a part of company's strategy to bring next generation data analytics solutions to the oil and natural gas industry", says Sanjay Purohit, EVP and Global Head of Infosys Consulting. Shares of the organization profited Rs 16.7, or 1.53%, in order to merchandise at Rs 1,110.45. The absolute dimension of shares restored was 65,057 at the BSE.