Infosys on Monday announced an agreement to acquire Noah Consulting, LLC, provider of advanced information management consulting services for the oil and gas industry. The company said that the acquisition was an all-cash deal, with an aggregate purchase consideration of US$70 million. [related-post] "The upstream oil and gas industry is facing unprecedented challenges that demand faster and better ways of achieving return on investment. With this acquisition, we are uniquely positioned to offer end-to-end data management services to oil and gas companies globally," Rajesh Murthy, EVP and Global Head of Energy, Communications and Services, Infosys said. The transaction is expected to close before the end of the third quarter of Financial Year 2016, subject to customary closing conditions.
