Cognizant said the deal will expand its “hyperscale cloud advisory services”, adding that 500 employees across predominately the UK, the US and Canada will join the business.
New Signature CEO Jeff Tench said: “New Signature’s success is built upon helping clients create and accelerate their business transformation through the adoption of Microsoft cloud technologies. 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.”
This is the fifth cloudy acquisition Cognizant has done this year with Microsoft partners being at the top of its shopping list. Cognizant Digital Systems and Technology President Greg Hyttenrauch said that acquiring New Signature will enrich its cloud-first capabilities and complement our increasing strengths as a Microsoft partner.
Judson Althoff, executive VP of commercial business at Microsoft, said: “The New Signature acquisition will enhance Cognizant’s ability to partner with customers across industries and geographies on their cloud strategy and business transformation. We look forward to building on our long-standing partnership with Cognizant, especially with the coming launch of Cognizant’s new Microsoft Business Group.”