BENGALURU: Cognizant will buy New Signature, a Microsoft public cloud transformation specialist, for an undisclosed amount to expand into hyperscale cloud advisory services. This is the company’s fifth acquisition in 2020.
New Solution focuses on solutions across all three of Microsoft’s business clouds: Azure, Microsoft 365, and Dynamics 365 and the deal will see more than 500 employees in the US, UK and Canada join Cognizant.
“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.
Jeff Tench, CEO of New Signature, said, “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.”
The company’s clients include Virgin Atlantic Airways, chocolate maker Hershey Company, National Health Service (NHS) and the British Heart Foundation.