Cognizant Acquires Microsoft Cloud Partner Company New Signature
On Tuesday, Cognizant, the technology services provider announced that it is acquiring Microsoft cloud partner company – New Signature. The transaction is predicted to finalize in the third quarter of 2020. Though, financial terms were not disclosed.
Microsoft’s New Signature is a cloud transformation service provider. As per Cognizant, the acquisition increases the company’s hyperscale cloud advisory services alongside helping it to build a dedicated team within Cognizant centered on Microsoft Cloud Solutions. Based on the finalization of the acquisition, more than 500 employees of New Signature who are in the U.S.,
U.K., and Canada is set to join Cognizant’s recently formed ‘Microsoft Business Group’.
Greg Hyttenrauch, President, Cognizant Digital Systems and Technology said, “Cloud adoption pace is continuing to accelerate in industries, with Microsoft’s cloud solutions are the preferred technologies helping in the transformation and business strengthening. After the acquisition of New Signature, our cloud-first capabilities and complement will enrich and increase strengths of being a Microsoft partner. We are looking forward to welcoming New Signature into the Cognizant family.”
The acquisition of New Signature is Cognizant’s fifth cloud-related acquisition in 2020 and cloud has gained the area of focus and is a continuous investment for Cognizant.
Jeff Tench, Chief Executive Officer, New Signature said, “The success for New Signature is built upon to help clients create and accelerate their respective business transformations by adopting Microsoft cloud technologies. Collaborating with Cognizant will give Cognizant the access to deep industry expertize and global scale, and we will together be able to provide best-in-class cloud solutions for the intelligent workplace, applied innovation and managed services. The common terms are passion for innovation and so, we are looking forward to the future at the heart of Cognizant’s new Microsoft Business Group.”
New Signature’s business engagements have added a cloud migration for Virgin Atlantic Airways, which is an IoT solution for The Hershey Company among others.