- 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.