New data intelligence capabilities deliver the most comprehensive solution for clients to embrace Industry 4.0.
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
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
TQS, a premier partner of
'The addition of TQS will further strengthen and accelerate the collaboration we have with Cognizant,' said
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,
The transaction is expected to close in the third quarter of 2021, subject to satisfaction of closing conditions. Financial details were not disclosed.
About
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.
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