TQS delivers manufacturing data intelligence, global technology consulting and digital systems integration to help manufacturers accelerate their digital transformations and serves clients across the life sciences, food and beverage and energy and renewables industries.
The deal will see TQS’s data intelligence capabilities combine with Cognizant’s core industry+ and digital competencies and use artificial intelligence and machine learning to collect, contextualise and analyse manufacturing data. TQS will expand Cognizant’s presence in Ireland, a hub for the world’s leading life sciences manufacturing experts.
Financial terms of the deal were not disclosed.
Srinivas Shankar, senior vice president and global markets lead of life sciences at Cognizant said: “TQS enhances Cognizant’s end-to-end smart factory capabilities, helping clients realise information and operational technology convergence and drive digital transformation in their manufacturing operations. With TQS, Cognizant not only becomes one of the industry’s most comprehensive solutions for manufacturing 4.0 for life sciences – we also strengthen our data historian and analytics capabilities to help all our manufacturing clients harness the power of data intelligence to compete in new ways.”
Máire Quilty, corporate managing director at TQS added: “Our world-class team of data intelligence and technology consultants have built a tremendous track record in helping our life sciences manufacturing clients transform their businesses. Together with Cognizant, we look forward to broadening our impact to manufacturing clients in other industries who are looking to embrace industry 4.0.”
TQS is Cognizant’s fifth acquisition in 2021. Since 2019, Cognizant has accelerated growth in the areas of internet of things, data and analytics with acquisitions including Zenith Technologies, Bright Wolf and ESG Mobility.