Cognizant has announced that it has agreed to acquire TQS Integration, a privately owned global industrial data and intelligence company based in Lismore, Ireland.
TQS delivers manufacturing data intelligence, global technology consulting, and digital systems integration to help manufacturers accelerate their digital transformations. Founded in 1998, TQS services clients in the life sciences, food and beverage, and energy and renewables industries.
As manufacturers embrace Industry 4.0 and realize the power of data, industrial data platforms and services are critical to obtain a complete view of the value chain and make analytical, data-driven decisions to improve overall operations.
TQS’s data intelligence capabilities, which will be combined with Cognizant’s core Industry+ and digital competencies, use artificial intelligence (AI) and machine learning to collect, contextualize and analyze manufacturing data.
This allows manufacturers to make smarter decisions and improve operating costs, speed of implementation, and product quality and yield.
“TQS enhances Cognizant’s end-to-end smart factory capabilities, helping clients realize information and operational technology convergence and drive digital transformation in their manufacturing operations,” said Srinivas Shankar, senior vice president and global markets lead, Life Sciences, Cognizant.
“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,” he said.
“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,” said Máire Quilty, corporate managing director, TQS.
“Together with Cognizant, we look forward to broadening our impact to manufacturing clients in other industries who are looking to embrace Industry 4.0,” said Máire
The transaction is expected to close in the third quarter of 2021, subject to satisfaction of closing conditions. Financial details were not disclosed.