Cognizant acquires Microsoft cloud partner company New Signature

Mumbai: Technology services provider Cognizant on Tuesday said that it will acquire Microsoft cloud partner company New Signature. The transaction is expected to close in the third quarter of 2020. Financial details were not disclosed.

New Signature is a Microsoft public cloud transformation service provider. According to Cognizant, the acquisition expands the company’s hyperscale cloud advisory services, and will help build up a dedicated group within Cognizant centered on Microsoft cloud solutions. Upon the close of the acquisition, over 500 of New Signature’s employees based in the U.S., U.K., and Canada, will join Cognizant’s newly formed ‘Microsoft Business Group’.

“The pace of cloud adoption continues to accelerate across industries, with Microsoft’s cloud solutions among the preferred technologies to help transform and strengthen businesses,” said Greg Hyttenrauch, President, Cognizant Digital Systems and Technology. “Acquiring New Signature will enrich our cloud-first capabilities and complement our increasing strengths as a Microsoft partner. We look forward to welcoming New Signature into the Cognizant family.”

New Signature will be Cognizant’s fifth cloud-related acquisition in 2020. Cloud has become an area of focus and continued investment for Cognizant.

“New Signature’s success is built upon helping clients create and accelerate their business transformation through the adoption of Microsoft cloud technologies,” said Jeff Tench, Chief Executive Officer, New Signature. “In joining Cognizant, we will have access to Cognizant’s deep industry expertise and global scale, and together, 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.”

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New Signature’s business engagements have included a cloud migration for Virgin Atlantic Airways, an IoT solution for The Hershey Company among others.



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