Cognizant has agreed to acquire New Signature, one of the world’s largest Microsoft public cloud transformation specialists.
The transaction is expected to close in the third quarter of 2020. Financial details were not disclosed. New Signature will be Cognizant’s fifth cloud-related acquisition in 2020.
The 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’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.
“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.
New Signature’s client portfolio includes businesses across a range of industries, as well as government and non-profit institutions.
Engagements of New Signature have included a cloud migration for Virgin Atlantic Airways, an IoT solution for The Hershey Company, and a solution to map all public defibrillators in the U.K. for the National Health Service (NHS) and the British Heart Foundation.