ASGN has agreed to acquire digital solutions provider Quinnox in a $290 million all-cash deal, a move the IT services firm said will deepen its digital engineering capabilities and expand its offshore delivery footprint as it prepares to rebrand to Everforth in the first half of 2026.
The transaction, announced by ASGN on Tuesday, is subject to customary closing conditions, including regulatory clearance under the Hart-Scott-Rodino Act, and is expected to close in March 2026. Quinnox will be integrated into ASGN’s commercial-focused platform and is expected to be accretive to adjusted earnings per share in the first full year after closing.
Quinnox, founded in 2002 in Chicago with offices in India and the U.K., provides application modernization and management, custom software engineering, data, AI and analytics, and enterprise software consulting and integration. ASGN said Quinnox’s customer base across the U.S. and Europe spans business and financial services, environment and energy, consumer retail, distribution and transportation, and manufacturing, and includes average client relationships lasting more than a decade.
ASGN CEO Ted Hanson said the acquisition aligns with the company’s strategy laid out at its November 2025 investor day and will help scale digital engineering and complex delivery capabilities across its Fortune 1000 clients. President Shiv Iyer said the combination will allow ASGN to deliver more efficient, scalable digital engineering by pairing Quinnox’s global delivery platform with partner ecosystems that include AWS, Databricks, Salesforce, SAP, and Calypso.
Quinnox generated about $100 million in revenue in 2025 and is projected to post low-to-mid-teens revenue growth in 2026, with adjusted EBITDA margins expected in the low 20% range. ASGN said Quinnox’s financial results will be included from the closing date, and that the company’s guidance does not assume any revenue synergies from ASGN’s current pipeline.
Alongside the deal announcement, ASGN updated its fourth-quarter 2025 outlook, saying it expects revenue and adjusted EBITDA to land at the high end of its earlier guidance. The company reaffirmed a balanced capital allocation strategy spanning organic investment, M&A, and share repurchases, noting it bought back 1.4 million shares for $64.2 million in the fourth quarter at an average price of $46.05, with $972 million remaining under a recently announced $1 billion authorization.
Support: ClearSight Advisors served as ASGN’s financial advisor, and Sullivan & Cromwell acted as legal advisor.
KEY QUOTES:
“Joining forces with Quinnox represents a significant milestone in our long-term strategy to enhance our digital engineering and complex delivery capabilities and positions us for our next wave of growth and value creation.”
“Quinnox’s AI-driven approach to business and dedication to innovation fit seamlessly with our own values and objectives. We are excited to extend their capabilities across our Fortune 1000 client base, enabling our clients to leverage their offshore delivery, while also benefiting from Quinnox’s longstanding customer relationships in critical commercial industries.”
Ted Hanson, CEO, ASGN
“Integrating Quinnox’s global delivery platform and deep expertise will allow us to immediately deliver scalable, efficient digital engineering solutions that meet evolving enterprise needs. By leveraging Quinnox’s robust technology capabilities with partners like AWS, Databricks, Salesforce, SAP, and Calypso, powered by their scaled offshore digital engineering footprint, we will co-create agile, future-ready solutions that accelerate value for our customers and position our combined teams for continued growth.”
Shiv Iyer, President, ASGN
“We are thrilled to become part of the ASGN team and see great promise in joining forces. Our shared values of agility, innovation, and deep client engagement create a powerful foundation for collaboration. By combining our proprietary IP assets with highly mature solution delivery excellence through our global capability delivery center, we will uniquely catapult Quinnox to the next level of accelerated growth. Additionally, with ASGN’s deep industry expertise and client-centric approach, we’re positioned to transform the way tailored digital solutions are delivered.”
Anil Kumar, Founder and Chair, Quinnox
