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Infosys buying oil/gas IT consulting firm for $70M

Oct. 19, 2015 1:01 PM ETInfosys Limited (INFY) StockBy: Eric Jhonsa, SA News Editor
  • Continuing a broader effort to grow its exposure to higher-margin/value-added IT services, Infosys (NYSE:INFY -0.7%) is buying Noah Consulting, a provider of information management services for oil/gas firms, for $70M in cash. The deal is expected to close in the December quarter.
  • Noah's informational management services cover data governance, data integration, content management, and virtualization, among other things. The company also offers IT strategy and business intelligence/analytics implementation services.
  • Infosys: "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 purchase follows Infosys' $200M acquisition of app testing/quality assurance tool provider Panaya.

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