Home > News Shots > Business

By Vinershea | Jul 29, 2020 02:14 PM

Multinational IT services provider Cognizant Technology Solutions Corp. has entered into an agreement to acquire US-based New Signature, which is one of the largest independent Microsoft public cloud transformation specialists.

cts cognizant acquires microsoft cloud company new signature

Looking into cloud-related acquisition, this will be Cognizant’s fifth agreement in 2020. This deal was made because cloud is an area of strategic focus for Cognizant as it expands capabilities to help clients become digital, data-enabled, and build customer-centric businesses. 

As per an Economic Times report, the transaction is expected to close in the third quarter of 2020. Also, no financial details have been disclosed yet. After completion of the acquisition, New Signature’s more than 500 cloud experts, is based in the U.S., U.K., and Canada. They will then join Cognizant’s newly-formed Microsoft business group.  

Meanwhile, in a statement, Cognizant said “The acquisition of New Signature expands Cognizant’s hyperscale cloud advisory services, and will provide the foundation for a new, dedicated group within Cognizant centred on Microsoft cloud solutions."

“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. Acquiring New Signature will enrich our cloud-first capabilities and complement our increasing strengths as a Microsoft partner," said Greg Hyttenrauch, president, Cognizant Digital Systems and Technology.

Highlighting about the New Signature’s global client portfolio- it includes businesses across a range of industries, as well as government and non-profit institutions. 

Currently, they have been engagements which includes 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, ET further reports.

அரசியல், விளையாட்டு, நாட்டுநடப்பு, குற்ற சம்பவங்கள், வர்த்தகம், தொழில்நுட்பம், சினிமா, வாழ்க்கை முறை என பலதரப்பட்ட சுவாரஸ்யமான செய்திகளை தமிழில் படிக்க இங்கு கிளிக் செய்யவும்      



This page contains news relating to various facts and events. The views are generally about current affiars and general topics in diversified areas such as political, international, national, and regional issues, sports, health, travel, lifestyle, technology and business. People having similar interets on the above topics will find this page useful. Cts cognizant acquires microsoft cloud company new signature | Business News.