Quinnox

What Quinnox does

Quinnox, now operating as 'Everforth Quinnox' following its March 2026 acquisition by ASGN (rebranded Everforth, Inc., NYSE: EFOR) for $290 million, is an enterprise IT services and digital transformation company founded in 2002 and headquartered in Chicago. It delivers digital engineering, application development, testing, integration, and managed services to Fortune 1000 clients, with primary vertical focus on financial services (banks, insurance, capital markets) and secondary exposure to consumer retail, environment and energy, logistics, manufacturing, and fragrance and flavors. The company employs 5,001–10,000 staff across 22 countries, anchored by offshore delivery centers in India (Mumbai SEEPZ-SEZ) and operations in the UK and US.

Its core technology stack consists of three proprietary AI-powered platforms — QoCreate (AI-augmented application development), Qyrus (Agentic AI test automation), and Qinfinite (intelligent application management) — supplemented by QAI Studio for AI prototyping and deployment. These platforms underpin a 'Services as Software' (SaS) delivery model that packages application development (ADaS), testing (ATaS), application management (AMaS), and business transformation (BTaS) as outcome-priced, AI-agent-led offerings. The company holds deep implementation partnerships with SAP, Salesforce, Calypso/Adenza (top-2 global partner), Software AG webMethods, MuleSoft, AWS, and Microsoft Azure, and is FSQS Registered and ISO 27001:2022 certified for regulated industry work.

Quinnox generates revenue primarily through professional services (digital engineering and managed services, ~$100M in 2025 per acquisition disclosure) with a transition toward subscription-style, outcome-based consumption priced via BLAs and XLAs rather than traditional time-based billing. Customers include Monument Bank, Shawbrook Bank, Kroo, Prudential Financial, Newell Brands (Yankee Candle), and AGCO Corporation. Following the Everforth integration, Quinnox operates within Everforth's Commercial Segment with growth expected at low-to-mid teens and Adjusted EBITDA margins in the low-20% range.

Name

Quinnox

Legal name

Quinnox, Inc.

Website

https://quinnox.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Quinnox (Everforth Quinnox) is a Chicago-based IT services and digital transformation firm with proprietary AI-powered platforms (QoCreate, Qyrus, Qinfinite) that deliver development, testing, and application management to Fortune 1000 clients, primarily in financial services, via outcome-based 'Services as Software' engagements and offshore-led delivery.

Ownership category

akta.pro rank

Product category

IT Services and Digital Transformation

NAICS

Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)

akta.pro primary industry

IT Operations Management (ITOM) Platforms (HDAEALAC)

akta.pro secondary industry

Digital Experience Monitoring & Management (DEX/DEM, AIOps for EUC) (BPAEAIAF)

Keywords

• Digital transformation services
• AI application development
• Software testing automation
• Intelligent application management
• Enterprise IT consulting

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. IT Services and Digital Transformation: Professional services revenue from digital engineering, application development, testing, integration, and managed services. Generated approximately $100 million in revenue in 2025 with expected low-to-mid teens growth in 2026 and Adjusted EBITDA margins in low 20-percent range.
2. Platform Software (SaaS): Platform-led services delivered through proprietary platforms (Qyrus, Qinfinite, QoCreate) enabling outcome-based consumption like software with modular, scalable consumption model
3. Consulting and Implementation Services: Enterprise consulting for SAP, Salesforce, Calypso, AWS, Microsoft Azure implementations along with digital integration and modernization services

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Quinnox provides digital transformation, application development, software testing, and intelligent application management services through three proprietary AI-powered platforms—QoCreate, Qyrus, and Qinfinite—delivered under a Services as Software (SaS) model. The company combines offshore delivery in India with onshore engagement to serve enterprise clients across financial services, insurance, retail, environment and energy, logistics, and other verticals, supported by enterprise partnerships with SAP, Salesforce, AWS, Microsoft Azure, and Calypso.

Product overview

Everforth Quinnox operates as a digital transformation and IT services company with a portfolio of three proprietary AI-powered platforms—QoCreate (application development), Qyrus (test automation), and Qinfinite (application management)—complemented by Services as Software (SaS) delivery across Application Development as Software (ADaS), Application Testing as Software (ATaS), Application Management as Software (AMaS), and Business Transformation as Software (BTaS). The company also offers specialized services including AI & Data services through QAI Studio, software testing with Intelligent Quality (IQ), digital business solutions, digital integration solutions, enterprise solutions (SAP, Calypso, Salesforce, AWS, Microsoft Azure), and application maintenance and support. The platform ecosystem is augmented by proprietary tools including the Digital Transaction Management Console (DTMC), IntelOps testing framework, Integration Platform Builder, PACKET Framework, QSense location tracking, Responsive App Creator, Idea Management Portal, and the Quinnox Testing Automation Framework (QTAF). Quinnox was acquired by ASGN (now rebranded as Everforth, Inc.) in March 2026 for $290 million and operates as part of Everforth's Commercial Segment.

Differentiator

Problem solved

Functional benefit

Brands

• Services as Software (SaS): AI-powered technology delivery model where AI agents build, test, and manage applications
• Qyrus
• QAI Studio
• Qinfinite
• QoCreate
• QoCreate

Products and services

• QoCreate AI-enabled software development platform that accelerates requirement gathering, coding, testing, and production through automation and self-healing, powering Application Development as Software (ADaS) by transforming application development into a software-defined, AI-augmented process. Built for enterprise clients undergoing digital transformation.
• Qyrus Agentic AI-powered test automation platform enabling testers, developers, and business technologists to achieve faster, smarter quality outcomes across web, mobile, API, and SAP with a no-code interface, real-device testing, and CI/CD integrations.
• Qinfinite AI-powered Intelligent Application Management (iAM) platform that empowers enterprises to continuously operate, modernize, and innovate applications with self-healing, autonomous application management via GenAI agents for incident prevention and resolution.
• QAI Studio One-stop AI solution hub designed to accelerate AI development from concept to reality with rapid prototyping, expert support, and ready-to-use infrastructure for transforming AI ideas into impactful solutions.
• QAI (Quinnox AI) Services Comprehensive AI services spanning Prototyping Services, AI Build Services, Deployment and Maintenance, AI Security and Governance, and Advisory Services for organizations at any stage of AI adoption.
• Data Services Solutions focusing on creating scalable, high-performance data ecosystems ensuring seamless data accessibility with strict governance and security standards, including data migration, transformation, and integration.
• AI-Powered Compliance Services Compliance Center of Excellence (COE) delivering tailored solutions for automating KYC/AML processes, ensuring accurate regulatory reporting, and providing real-time risk monitoring with AI capabilities.
• Intelligent Quality (IQ) Holistic approach integrating AI-driven capabilities into every facet of software testing process, enhancing traditional testing with machine learning, predictive analytics, and real-time automation for decision-making and test effectiveness.
• Application Development as Software (ADaS) Part of Services as Software model where AI agents build applications that continuously learn, adapt, and optimize themselves using the QoCreate platform for AI-augmented development lifecycle.
• Application Testing as Software (ATaS) AI-powered test automation service where quality is measured by business continuity and experience assurance, powered by the Qyrus platform across web, mobile, APIs, SAP and more.
• Application Management as Software (AMaS) Autonomous application management service powered by the Qinfinite platform with self-healing capabilities where AI agents take ownership of incident prevention and resolution.
• Business Transformation as Software (BTaS) AI-powered business orchestration service combining intelligent automation, self-learning business agents, and seamless process integration to modernize workflows and improve operational efficiency at scale.
• Enterprise Application Integration Services Integration services combining mature frameworks and methodologies with middleware technologies for customized, value-added integration solutions connecting enterprise applications and processes.
• B2B Integration Services Comprehensive B2B integration strategy services to eliminate redundancies, lower operational costs, and improve productivity with seamless and identical data flow.
• Qinfinite Chaos Engineering Chaos engineering services powered by the Qinfinite platform to help identify system vulnerabilities and improve resilience through controlled failure injection testing.

Quantifiable outcome

• 70% faster release velocity through AI-powered development and testing
• +9 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability12 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core.

• SAPcoreTechnology or IntegrationLong-standing partnership with SAP for S/4HANA, SuccessFactors, and SAP Analytics Cloud implementations. SAP partner delivering intelligent enterprise solutions.
• Software AG (webMethods)coreTechnology or IntegrationStrategic partnership with 20+ years of expertise in webMethods platform for application and data integration solutions to enterprise organizations.
• MuleSoftcoreTechnology or IntegrationComprehensive MuleSoft consulting, architecture, and implementation services across various industries and domains with proven track record.
• AWScoreTechnology or IntegrationAWS migration, modernization, and optimization services. Cloud delivery partnership for AWS cloud solutions.
• Microsoft AzurecoreTechnology or IntegrationTrusted partner for Microsoft Azure Cloud Services with comprehensive cloud solutions delivery capabilities.
• SalesforcecoreTechnology or IntegrationEnd-to-end Salesforce services for marketing automation, sales, and customer experience management with 360-degree customer view.
• Calypso (Adenza)coreTechnology or IntegrationSelected as one of top 2 global partners in Adenza's Certified Implementation Partners program for Calypso trading and treasury solutions.

Scale indicators7 records

Recent moves4 records

Expansion highlights6 records

Direct peers

• Infosys: Large Indian-heritage IT services and digital transformation provider with Finacle, AI platform Topaz, and deep financial services practices; comparable delivery model (offshore-heavy) and target enterprise customers.
• Persistent Systems: Mid-tier IT services company with proprietary platforms and strong financial services / healthcare verticals, comparable delivery economics and digital engineering emphasis.
• Wipro: Global IT services and consulting firm with strong financial services vertical and proprietary platforms (e.g., Wipro ai360); directly competes for the same enterprise transformation and testing engagements Quinnox targets.
• Mphasis: Mid-sized IT services firm with deep financial services / banking concentration (Blackstone-backed), India delivery model, and proprietary AI platform (DeepInsights) — closest comparable by size, vertical mix, and platform-led strategy.
• Cognizant: Global IT services and digital transformation firm serving financial services, retail, and healthcare with deep enterprise consulting, application development, and managed services — directly comparable to Quinnox's IT services core and vertical mix.
• LTIMindtree: Mid-to-large IT services firm (L&T/Mindtree merger) with comparable financial services focus, India delivery model, and platform-led digital transformation offerings.

Broad incumbents

• Accenture: Largest global IT services and consulting firm with deep financial services practice and proprietary AI assets; competes for the largest transformation mandates that Quinnox also targets.
• Tata Consultancy Services (TCS): Largest Indian IT services firm with deep financial services expertise, proprietary platforms (TCS BaNCS), and global delivery — competes head-to-head with Quinnox on enterprise transformation deals but at vastly greater scale.
• HCLTech: Global IT services and engineering firm with strong financial services presence and proprietary platforms (HCL DRYiCE, HCLTech AI Force); a larger incumbent competing for the same enterprise digital transformation wallet.

Emerging players

• Tricentis: Specialist test automation platform company (Tosca, qTest) competing with Quinnox's Qyrus for AI-driven testing and quality engineering budgets across financial services and enterprise customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/quinnoxinc
• LinkedInlinkedin.com/company/quinnoxinc
• Facebookfacebook.com/quinnoxinc

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quinnox