Infosys Acquired Noah Consulting

Infosys to Acquire Noah Consulting

Question: Infosys Company is related with-

(a) Oil and Gas production
(b) Space Research
(c) Information and Technology
(d) Mobile phone services

Ans (c)

Related Facts:

  • On 19 October 2015 Infosys has signed a definitive agreement to acquire US-based Noah Consulting.
  • Infosys board of directors approved the acquisition by purchasing the 100% stakes of Noah Consulting.
  • The total amount of acquisition is $ 7 Crore (about Rs 453.5 crore) .
  • It will be an all-cash deal.
  • According to Rajesh Murthy, Executive Vice President and Global Head of Energy, Communications and Services, Infosys“With this acquisition, company will be uniquely positioned to offer end-to-end data management services to oil and gas companies globally”.
  • Noah is a known major company in oil-gas sector, providing consulting service, whose long experience and leading technology will fully benefit Infosys.
  • The acquisition is expected to be completed before the end of the third quarter of Financial Year 2016.

Reference:
http://www.infosys.com/newsroom/press-releases/Pages/infosys-acquire-noah-consulting.aspx
http://www.noah-consulting.com/press/infosys-consulting-to-acquire-noah-consulting
http://hindi.business-standard.com/storypage.php?autono=109845

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