EY-Parthenon acquires quantitative scientific solutions

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Ernst & Young LLP (EY) has acquired Quantitative Scientific Solutions (QS-2) to expand its expertise in scientific advisory, engineering and advanced analytics capabilities to help clients invest in emerging technologies, has EY said in a statement. Financial terms of the deal were not disclosed.

This is technology M&A deal number 352 that ChannelE2E has covered so far in 2022. Discover over 1,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.

The acquisition was made through the company’s EY-Parthenon division, which was created in 2014 when EY purchased The Parthenon Group. EY-Parthenon focuses on strategy consulting for corporate CEOs who want to undertake business transformations, according to EY.

QS-2 is a scientific consulting, engineering and advanced analysis firm serving federal and commercial sector clients. QS-2 consultants are primarily located in the Washington, D.C. area and specialize in autonomous systems, artificial intelligence, machine learning, and the application of tools and assets related to biotechnology and aviation in various industries, according to QS-2.

Leadership Overview

Mitch Berlin, EY Americas Vice President, Strategy and Transactions

Dr. David Guarrera, Founding Partner, Chief Analytics Officer, QS-2

Mitch Berlin, EY Americas Vice President – Strategy and Transactions, commented on the news:

“EY-Parthenon has first-class strategic, operational and financial capabilities. QS-2’s deep experience in scientific and engineering consulting and its ability to translate the messy world of “big data” into actionable insights strengthens the abilities of EY-Parthenon teams to help clients understand the impacts of emerging technologies, to make better investment decisions and to improve performance.”

Dr. David Guarrera, QS-2 Founding Partner and Chief Analytics Officer, said:

“The ever-changing landscape makes it difficult for organizations to keep pace. At QS-2, we work with our clients to solve tough science and technology challenges of global significance, and now we’re able to combine that with the capabilities and global reach of EY-Parthenon, an organization that aligns with our values ​​and our vision for the future.”

Khalid Khan, Head of Advanced Analytics at EY-Parthenon, Ernst & Young LLP, said:

“We are delighted to welcome the QS-2 team to EY-Parthenon. Their scientific, data-driven approach gives organizations greater confidence in their ability to integrate new and emerging technologies. This new combined team will create significant opportunities for EY-Parthenon teams to help clients drive targeted innovation and solve tomorrow’s most important problems.

Dr. Thomas Armel, QS-2 Founding Partner and Chief Technology Officer added:

“We founded QS-2 with the belief that complex problems require innovation backed by science and quantitative thinking. By joining EY-Parthenon, our team will provide exceptional scientific and analytical capabilities as well as creative solutions that will enrich strategies business transformation that EY-Parthenon already provides to its clients.

EY M&A activity

EY-Parthenon is a brand under which a number of EY member firms around the world provide strategy advisory services. EY continues to acquire IT consulting firms that have expertise in applications, cybersecurity and managed services. This agreement comes five months after EY-Parthenon acquired CMA Strategy Consulting, a US-based company specializing in the technology, media and telecommunications sectors.

Other recent EY acquisitions include:

You can see a full list of all EY M&A activity that ChannelE2E has tracked here.

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