Infosys has announced the acquisition of Panaya and Kallidus Inc. earlier this year
IT major Infosys on Monday announced the acquisition of Houston-based Noah Consulting for $70 million or Rs 450 crore in an all-cash deal. Noah Consulting is a leading provider of advanced information management consulting services for the oil and gas industry, Infosys said in a statement.
The transaction is expected to close before the end of the third quarter of 2015-16 fiscal year, Infosys added.
Rajesh Murthy, executive vice president and global head of energy, communications and services of Infosys said, "With this acquisition, we are uniquely positioned to offer end-to-end data management services to oil and gas companies globally."
Infosys, which has been conservative about acquisitions for many years, has taken to inorganic growth in a big way since Vishal Sikka took over as CEO last year.
Under its first non-founder CEO, Infosys has announced the acquisition of Panaya and Kallidus Inc. earlier this year.
Infosys had acquired Kallidus, a digital experience solutions firm, for $120 million in April 2015. US-based automation technology company Panaya's acquisition was announced in February 2015 for $200 million.
Infosys shares closed 1.7 per cent higher at Rs 1,112, outperforming the broader Sensex, which ended with 0.5 per cent gains at 27,365.
The transaction is expected to close before the end of the third quarter of 2015-16 fiscal year, Infosys added.
Rajesh Murthy, executive vice president and global head of energy, communications and services of Infosys said, "With this acquisition, we are uniquely positioned to offer end-to-end data management services to oil and gas companies globally."
Infosys, which has been conservative about acquisitions for many years, has taken to inorganic growth in a big way since Vishal Sikka took over as CEO last year.
Under its first non-founder CEO, Infosys has announced the acquisition of Panaya and Kallidus Inc. earlier this year.
Infosys had acquired Kallidus, a digital experience solutions firm, for $120 million in April 2015. US-based automation technology company Panaya's acquisition was announced in February 2015 for $200 million.
Infosys shares closed 1.7 per cent higher at Rs 1,112, outperforming the broader Sensex, which ended with 0.5 per cent gains at 27,365.
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