Infosys acquires Noah Consulting for 70 million dollar

23 October 2015

Infosys has acquired US-based Noah Consulting for a reported fee of $70 million. The deal will improve Infosys’ technology and analytics offering to its energy and utilities clients that continue to undergo often forced cost reduction and efficiency exercises as low oil prices cut into revenues and reserves.

Noah Consulting was founded in 2008 and has its headquarters in Texas (Houston). The US consulting firm has a further office in Alberta, Canada, and employs 122 staff. The company is primarily focussed on delivering information management solutions, leveraging a number of best-practice data management, information quality, data integration, business intelligence, data warehousing and master data management solutions. Noah Consulting’s clients include a number of upstream oil and gas companies, ranging from oil field service companies, to independents, to super major players.

Infosys acquires Noah Consulting

Infosys, through the acquisition, will gain access to Noah Consulting’s information strategy planning, data governance and architecture capabilities, which will be synergised with its own technology and outsourcing services. The deal for Infosys is inspired by the need for oil companies to improve their operational efficiency as oil prices continue to be low. Noah’s analytic approach offers a further solution for Infosys’ energy and utilities clients, clients that provided the firm 4.7% of its revenues last year.

“The upstream oil and gas industry is facing unprecedented challenges that demand faster and better ways of achieving return on investment. This requires a well-defined and executed information and data management strategy that will allow companies to increase efficiencies across the lifecycle – from exploration to production,” explains Rajesh Murthy, EVP and Global Head of Energy, Communications and Services of Infosys. “With this acquisition, we are uniquely positioned to offer end-to-end data management services to oil and gas companies globally."

John Ruddy, President of Noah Consulting, explains the benefits of the deal for his firm: “We are excited about the new capabilities that the combination of Noah and Infosys will bring to our clients. Together, we can effect transformational change for our oil and gas clients by using information management to integrate supply chain, safety, environmental and financial data with geoscience, engineering and other operational and technical data – an industry challenge that has never been addressed effectively. We look forward to making a difference together.”

Rajesh Murthy | John Ruddy

The acquisition involves an aggregate purchase consideration valued at $70 million; in what is an ‘all-cash deal’. The deal is expected to be closed before the end of the third quarter of FY 2016.

Other recent deals in the oil & gas consulting space include Accenture's pickup of Schlumberger Business Consulting, and the acquisitions of petroleum engineering firm Ralph E. Davis Associates and chemical engineering firm Nexidea by Opportune, a Houston-based specialist oil & gas consultancy that this years markts its 10th anniversary.

Globally the energy and resources consulting market is valued at $11.1 billion.


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