- The acquisition is expected to expand company’s hyperscale cloud advisory services
- New Signature will be Cognizant’s fifth cloud-related acquisition in 2020
- The cloud service provider had also built a dynamic IoT solution for The Hershey Company
- The acquisition plans to provide best-in-class cloud solutions for intelligent workplace, applied innovation, and managed services
According to a report, Tech service provider Cognizant acquires Microsoft Cloud partner company ‘New Signature’ to accelerate business transformation. The transaction is expected to close in the third quarter of 2020 without any disclosure of the financial details.
New Signature is a Microsoft public cloud transformation service provider. According to Cognizant, this acquisition would expand company’s hyper scale plus advisory services. This will in turn help in in building up a dedicated group within Cognizant centred on Microsoft Cloud solutions. Over 500 of New Signature’s employees based in the U.S., U.K., and Canada, would join Cognizant’s newly formed ‘Microsoft Business Group’ upon the close of the acquisition.
“The pace of cloud adoption continue to accelerate carps industries, with Microsoft’s cloud solutions among the preferred technologies to help transform and strengthen business,” said Greg Hyttenrauch, President, Cognizant Digital Systems and Technology. He also added that acquiring New Signature would enrich the cloud-first capabilities and complement their increasing strengths as a Microsoft partner.
Innovation and progress
It has also been reported that New Signature will be Cognizant’s fifth cloud-related acquisition in 2020. Cloud has become a focus and continued investment for Cognizant.
Jeff Tench, CEO, New Signature said “New Signature’s success is built upon helping clients create and accelerate their business transformation through the adoption of Microsoft Cloud technologies.” With Cognizant joining in, there would be access to Cognizant’s deep industry expertise and global scale. This would provide best-in-class cloud solutions for the intelligent workplace, applied innovation, and managed services.
“We share a passion for innovation and look forward to our future at the heart of Cognizant’s new Microsoft Business Group”, added Jeff Tench. New Signature’s business engagements have included a cloud migration for Virgin Atlantic Airways, an IoT solution for The Hershey Company among others.