EY-Parthenon, the strategy consulting business of Ernst & Young, has acquired Quantitative Scientific Solutions (QS-2), a Washington, D.C-based technology consulting firm that specializes in scientific, engineering and analytics.
QS-2’s consultants focus on autonomous systems, artificial intelligence, machine learning and the application of biotechnology and aviation-related tools and assets in different industries. Many of the 60 members of QS-2’s specialized team who will be joining EY-Parthenon possess advanced STEM degrees and consulting experience in emerging technology, quantitative methods and advanced analytics. QS-2 has clients in both the federal government and commercial businesses.
Financial terms of the deal were not disclosed. EY ranked No. 2 on Accounting Today’s 2022 list of the Top 100 Firms, with over $16.1 billion in annual revenue.
“EY-Parthenon has leading-class strategy, operational and financial capabilities,” said Mitch Berlin, vice chair of strategy and transactions at EY Americas, in a statement Thursday. “QS2’s deep experience in scientific and engineering consulting and the ability to translate the disordered universe of ‘big data’ into actionable insights, strengthens EY-Parthenon teams’ abilities to help clients understand the impacts of emerging technologies, make better investment decisions, and improve performance.”
Together, EY-Parthenon and QS-2 plan to help clients with emerging technologies and strategy in operations, finance, science and engineering using advanced quantitative analytics.
“The ever-changing landscape makes it difficult for organizations to keep pace,” said David Guarrera, founding partner and director of analytics at QS2, in a statement. “At QS2, we work with our clients to solve difficult science and technology challenges of global significance, and now we are able to combine that with the capabilities and global reach of EY-Parthenon, an organization that aligns with our values and vision for the future.”
