Infosys buys US firm for $70 million - Global software major Infosys

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Global software major Infosys on Monday announced the acquisition of US-based Noha Consulting firm for $70 million (Rs.454 crore) in a cash deal.

In This Pic : Infosys buys US firm for $70 million

Pic Courtesy : PTI

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The Houston-headquartered Noha provides information management consultancy services to the oil and gas industry.

In This Pic : Infosys buys US firm for $70 million

Pic Courtesy : BCCL

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"Noah helps upstream oil and gas firms plan, architect and deploy information solutions to unlock the value of their oil and gas assets. Its expertise in upstream oil and gas makes it a leader in driving strategic data management engagements," the IT outsourcing major said in a statement here.

In This Pic : Infosys buys US firm for $70 million

Pic Courtesy : BCCL

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The buyout will position Infosys to offer end-to-end data management services to oil and gas companies globally.

In This Pic : Infosys buys US firm for $70 million

Pic Courtesy : BCCL

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The acquisition will leverage Noah's 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.

In This Pic : Infosys buys US firm for $70 million

Pic Courtesy : BCCL