New data intelligence capabilities deliver the most
comprehensive solution for clients to embrace Industry
4.0
TEANECK, N.J., July 20, 2021 /PRNewswire/ -- Cognizant
(Nasdaq: CTSH) today announced 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."
TQS helps nine of the top 10 global life sciences companies
enable smart manufacturing. Cognizant, which previously
strengthened its life sciences manufacturing capabilities with the
2019 acquisition of Zenith Technologies, will combine TQS's
expertise with its own to help clients transition to Industry 4.0
and expedite the production of life-changing medicines. These
service solutions, expertise and thought leadership benefit
Cognizant's current life sciences clients, as well as clients in
the broader manufacturing landscape.
"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."
TQS, a premier partner of OSIsoft, which was recently acquired
by AVEVA, provides advanced solutions for OSIsoft's Pi System,
giving clients advanced data visualization and data analysis of
time and historical data to help them make real-time business
decisions.
"The addition of TQS will further strengthen and accelerate the
collaboration we have with Cognizant," said Kerry Grimes, senior vice president and head of
global partners, AVEVA."This acquisition combines Cognizant's rich
AVEVA experience with TQS's knowledge of OSIsoft. Similar to our
recent acquisition of OSIsoft, this addresses the joint
capabilities our clients need to drive their digital transformation
journey. We look forward to the unique market opportunities that we
can present together to our customers and partners."
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. TQS expands
Cognizant's presence in Ireland, a
hub for the world's leading life sciences manufacturing experts and
an ideal location for delivering Industry 4.0 consulting and
services to European manufacturing clients.
The transaction is expected to close in the
third quarter of 2021, subject to satisfaction of closing
conditions. Financial details were not disclosed.
Learn More
TQS Integration website
Cognizant Life Sciences website
About TQS Integration
TQS Integration is a global
data intelligence company providing turnkey solutions in system
architecture and application design, engineering, system
integration, project management, commissioning and 24x7 "follow the
sun" support services to valued customers. TQS is at the forefront
of data intelligence for over 20 years, working with an extensive
client base in the Pharmaceutical, Life Science, Food &
Beverage, Energy and Renewables industries. As the go-to partner
for data collection, contextualization, visualization, analytics,
and managed services, we are the main drivers in the world's
leading companies — helping them become leaders in Industry
4.0.
About Cognizant
Cognizant (Nasdaq-100: CTSH) is one of
the world's leading professional services companies, transforming
clients' business, operating and technology models for the digital
era. Our unique industry-based, consultative approach helps clients
envision, build and run more innovative and efficient businesses.
Headquartered in the US, Cognizant is ranked 185 on the Fortune 500
and is consistently listed among the most admired companies in the
world. Learn how Cognizant helps clients lead with digital at
www.cognizant.com or follow us @Cognizant.
Forward-Looking Statements
This press release includes statements which may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
the accuracy of which are necessarily subject to risks,
uncertainties and assumptions as to future events that may not
prove to be accurate. These statements include, but are not limited
to, express or implied forward-looking statements relating to
expectations regarding the anticipated closing of the acquisition
of TQS and the impact of the acquisition of TQS on the business and
prospects of Cognizant. These statements are neither promises nor
guarantees but are subject to a variety of risks and uncertainties,
many of which are beyond our control, which could cause actual
results to differ materially from those contemplated in these
forward-looking statements. Existing and prospective investors are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Factors that
could cause actual results to differ materially from those
expressed or implied include general economic conditions, changes
in the regulatory environment, including with respect to
immigration and taxes, and the other factors discussed in our most
recent Annual Report on Form 10-K and other filings with the
Securities and Exchange Commission. Cognizant undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as may be required under applicable securities
law.
For more
information, contact:
|
US
Jodi
Sorensen
jodi.sorensen@cognizant.com
|
Europe
Christina
Schneider
christina.schneider@cognizant.com
|
Asia-Pac
Rashmi
Vasisht
rashmi.vasisht@cognizant.com
|
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