Cognizant to acquire New Signature- 5th acquisition in 2020
The IT giant Cognizant has entered into a new agreement to acquire New Signature. New Signature is one of the world’s largest independent Microsoft public cloud transformation specialists.
The transaction is likely to close in the third quarter of 2020, subject to regulatory clearance and other closing conditions.
The acquisition of New Signature expands CTS’s hyper-scale cloud advisory services, and will provide the foundation for a new, dedicated group within CTS centered on Microsoft cloud solutions. New Signature is an award-winning Microsoft Partner.
New Signature, Founded in 2003, is headquartered in the U.S., with operations in Canada, the U.K., and South Africa. New Signature is a cloud-first, full-service Microsoft partner committed to delivering innovative technology solutions that solve human challenges. The team is full of curious and innovative thought leaders who are dedicated to provide outstanding customer experiences and building authentic relationships.
They are compelled by their core values to drive transformational results for clients across all company sizes, geographies, and industries. The New Signature team delivers full life cycle solutions—from project inception and planning through deployment to ongoing support and maintenance.
The company exclusively focuses 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 CTS’s newly-formed Microsoft Business Group.
New signature will be the fifth cloud-related acquisition of CTS in 2020. Judson Althoff, Executive Vice President of Microsoft’s Worldwide Commercial stated that the New Signature acquisition will enhance Cognizant’s ability to partner with customers across industries and geographies on their cloud strategy and business transformation.
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