Lismore industrial data intelligence firm TQS Integration has been acquired by US company Cognizant.
The West Waterford company currently employs more than 200 staff and has delivered projects across more than 60 countries in the past decade.
The Irish Examiner reports that US multinational Cognizant said they acquired the company for its data intelligence capabilities.
It's understood the company will stay on as sponsors for Waterford GAA and all jobs in Waterford will be retained.