Infosys will spent $70 million to purchase an information management consultancy that can bring next-generation data analytics to oil and gas clients.
The $8.7-billion Bangalore, India-based outsourcing giant said its acquisition of Noah Consulting, a 122-person solution provider based in Houston, should make it possible to provide oil and gas firms around the global with end-to-end data management services covering everything from exploration to production.
"Our oil and gas clients are adjusting to a new normal of lower oil prices," Sanjay Purohit, executive vice president and global head of Infosys Consulting, said in a statement. "There is an urgency to improve the efficiency and effectiveness of their operations in a safe and reliable manner."
The Infosys-Noah marriage will make it possible to use information management to integrate supply chain and financial data with operational and technical data, an industry challenge that has never been addressed effectively, according to John Ruddy, president of Noah Consulting. Clients can benefit from Noah's deep domain expertise, proprietary methodologies and solution accelerators, the company said.
"The upstream oil and gas industry is facing unprecedented challenges that demand faster and better ways of achieving return on investment," Rajesh Murthy, Infosys's executive vice president and global head of energy, communications and services, said in a statement. "With this acquisition, we are uniquely positioned to offer end-to-end data management services to oil and gas companies globally."
Noah was founded in Houston in 2008, opened a second office in Calgary, Alberta in 2010 and hit the 100-employee threshold in 2013. The solution provider works with the super majors – Aramco, BP, Chevron, ConocoPhillips, Eni, ExxonMobil, Shell and Total – independents and oil field service companies to plan, architect and deploy information solutions.
Noah Consulting focuses on the following areas: information management, which includes content management and data virtualization; strategic services, which includes service-line definition and value assessment; industry solutions, which includes process design and project information management; and analytics, which includes business intelligence and SAP HANA.
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