Tredence Acquires KMK Consulting to Expand Healthcare and Life Sciences Business
Tredence announced in a press release the acquisition of KMK Consulting, an analytics and consulting firm based in Morris Plains, New Jersey. KMK works with eight of the world's top ten pharmaceutical companies and brings over two decades of expertise in life sciences, biopharma analytics, real world evidence, and market research.
The acquisition strengthens Tredence's position in the healthcare and life sciences sector, which the company expects to account for about 25 percent of its total revenue by 2028. Tredence plans to combine its agentic AI capabilities with KMK's domain knowledge to enhance services across the pharmaceutical value chain, from research and development to commercial launch.
Tredence stated that the combined entity will streamline processes and accelerate value creation for life sciences clients by integrating applied AI, data engineering, and decision intelligence. The deal also enhances Tredence's presence within the Veeva ecosystem, a leading cloud-based CRM and data platform used by most pharmaceutical companies worldwide.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Enterprise AI Brief, Life AI Weekly or Daily AI Brief.
Also, consider following us on social media:
More from Enterprise
Nov 13 ETR survey: Claude leads enterprise AI tools on satisfaction and spending plans Nov 13 Peter Sarlin's PostScriptum takes majority stake in Finnish AI deployment firm Brillian Nov 13 Gondola says Codex lifted engineering output 25% as revenue more than doubled Nov 13 DuPont teams with Microsoft and NobleAI to speed up R&D with AI Nov 13 Korean AI startups fear Huang exit could delay planned NVIDIA investmentsMore from Life Sciences
Nov 13 Bracco and Avicenna.AI win FDA clearance for AI that flags brain aneurysms on CT scans Nov 13 Zus Health raises $33 million to build the data layer for healthcare AI Nov 13 Google DeepMind releases AlphaGenome 2 to predict DNA variant effects in specific cell types Nov 13 Taiwan hospital accelerator T+ MedIC names AI ECG and CT screening tools as first winners Nov 13 Sheinbaum meets OpenAI president Greg Brockman on AI in Mexican healthcareAI Funding Brief
Market report
2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read moreYou may also like
Tamr raises $21 million to expand agentic data management
INVE Technologies Partners With Trackonomy on Physical AI Software
Tractian Raises $130 Million at $1.4 Billion Valuation
Cognizant to Acquire DyFlex Solutions for SAP Services in Australia and New Zealand
AstraZeneca and Oracle Partner on AI for Clinical Trials
Daily AI Brief: the AI news that matters, in your inbox.