Cognizant to Acquire New Signature, a Leader in Cloud-Native Business Transformation

About this update from Cognizant Technology Solutions Corporation

[{"type":"text","content":"Acquisition Will Provide Growth Catalyst for Cognizant's New Microsoft Business Group\n\n\nTEANECK, N.J., July 28, 2020 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced it has entered into an agreement to acquire New Signature, one of the world's largest independent Microsoft public cloud transformation specialists. The transaction is expected to close in the third quarter of 2020, subject to regulatory clearance and other closing conditions. Financial details were not disclosed. \n\n \n \n \n \n \n \n\n \nThe acquisition of New Signature expands Cognizant's hyperscale cloud advisory services, and will provide the foundation for a new, dedicated group within Cognizant centered on Microsoft cloud solutions. New Signature, an award-winning Microsoft Partner, is exclusively focused on Microsoft technologies, with an integrated offering across all three of Microsoft's business clouds: Azure, Microsoft 365, and Dynamics 365. Upon the close of the acquisition, New Signature's more than 500 cloud experts, based primarily in the U.S., U.K., and Canada, will join Cognizant's newly-formed Microsoft Business Group. \n\"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.\"\n\"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.\"\nNew Signature's global client portfolio includes businesses across a broad range of industries, as well as government and non-profit institutions. Engagements have included a cloud migration for Virgi...

More updates from Cognizant Technology Solutions Corporation