Tuesday March 19, 2019
Home Business Infosys buys ...

Infosys buys US firm for $70 million

0
//

Bengaluru: Global software major Infosys on Monday announced the acquisition of US-based Noha Consulting firm for $70 million (Rs.454 crore) in a cash deal.

The Houston-headquartered Noha provides information management consultancy services to the oil and gas industry.

“Noah helps upstream oil and gas firms plan, architect and deploy information solutions to unlock the value of their oil and gas assets. Its expertise in upstream oil and gas makes it a leader in driving strategic data management engagements,” the IT outsourcing major said in a statement here.

The buyout will position Infosys to offer end-to-end data management services to oil and gas companies globally.

The acquisition will leverage Noah’s industry knowledge, information strategy planning, data governance and architecture capabilities with Infosys’ ability to provide technology and outsourcing services on a global scale to oil and gas clients.

“The upstream oil and gas industry is facing challenges that demand faster and better ways of getting returns on investment. It requires information and data management strategy to allow firms to increase efficiencies from exploration to production,” Infosys global head for energy, communications and services Rajesh Murthy said.

“Though our oil and gas clients are adjusting to lower oil prices, there is an urgency to improve efficiency and effectiveness of their operations. This acquisition is part of our strategy to bring next-generation data analytics solutions to the oil and gas industry,” Infosys consulting vice president Sanjay Purohit said on the occasion.

Noting that both the firms would bring new capabilities to service their clients, Noha president John Ruddy said they would bring about transformational change in clients by using information management to integrate supply chain, safety, environmental and financial data with geosciences.

“We look forward to making a difference together,” Ruddy added.

The transaction will be completed by the end of third quarter (October-December) of 2015-16 fiscal.

(IANS)

Next Story

WhatsApp and NASSCOM To Come Up With Digital Literacy Training To Curb Fake News

"This training educates people throughout India to be mindful of the messages they receive and to verify the facts before forwarding,"

0
whatsapp
The first training will be on March 27 in Delhi and will be followed by more planned interventions like hosting training workshops for representatives from rural and urban areas along with roadshows across numerous colleges. Pixabay

As part of the partnership, WhatsApp and NASSCOM Foundation will train nearly 1,00,000 Indians to spot false information and provide tips and tricks to stay safe on WhatsApp.

The co-created curriculum, which includes real-world anecdote tools that can be used to verify a forwarded message and actions that users can take like reporting problematic content to fact checkers and other law enforcement agencies, will be disseminated in multiple regional languages.

“We are excited to expand our partnerships with civil society to advance crucial digital literacy skills that can help combat misinformation share on WhatsApp,” Abhijit Bose, Head of India, WhatsApp, said in a statement.

“This training educates people throughout India to be mindful of the messages they receive and to verify the facts before forwarding,” he added.

The training will be imparted by volunteers from NASSCOM Foundation who will launch the “each one teach three” campaign that mandates every volunteer to share their learnings with three more persons leading to a network effect.

These volunteers will post their takeaways from the workshops on their social media handles to increase the reach of these safety messages.

whatsapp

As part of the partnership, WhatsApp and NASSCOM Foundation will train nearly 1,00,000 Indians to spot false information and provide tips and tricks to stay safe on WhatsApp.
Pixabay

The first training will be on March 27 in Delhi and will be followed by more planned interventions like hosting training workshops for representatives from rural and urban areas along with roadshows across numerous colleges.

“The use of technology platforms like WhatsApp are inherently meant to foster social good, harmony, and collaboration, but are sadly being used by a small number of miscreants to entice anger and hatred by spreading false and doctored information,” Ashok Pamidi, CEO, NASSCOM Foundation, said.

phone
“This training educates people throughout India to be mindful of the messages they receive and to verify the facts before forwarding,” he added. Pixabay

Also Read: New Zealand’s Prime Minister Jacinda Ardern Claims, Cabinet Has Given Nod to Reform Gun Law

“I would like to urge all the connected citizens who want to join this fight against the spread of fake information, to come and help volunteer towards the cause,” Pamidi added.

Aspiring volunteers can register at www.mykartavya.nasscomfoundation.org

NASSCOM Foundation is the social arm of the industry body, National Association of Software and Services Companies (NASSCOM). (IANS)