Cork-based tech firm bought for €36m

A multinational firm with its European headquarters in Cork has been acquired by an American company for €36m.

Qumas, a provider of cloud-based and on-premises software for regulated industries including pharma and life sciences, has been acquired by Accelrys, a leading provider of scientific management solutions, headquartered in San Diego.

Qumas, based at Cleve Business Park on the Monaghan Road, is headed by Kevin O’Leary, who was nominated in the Ernst and Young Irish Entrepreneur of the Year programme in 2009 and who has been named in the Irish-American Top 100 Most Influential People. He has recently been added to the Irish Science Advisory Council and is also a sitting council member of the Irish Exporters’ Association.

Qumas is a variation on the Irish word “cumas”, which means the power or ability to get things done. Qumas founders introduced the letter “Q” to denote the quality of the company’s products and customers.

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