Global IT consulting firm Cognizant ($CTSH) is acquiring New Signature, a Microsoft Azure Expert MSP and Top 200 Public Cloud MSP, according to ChannelE2E research. Financial terms were not disclosed.
This is M&A deal 304 that ChannelE2E has covered so far in 2020.
As part of this deal, Cognizant will launch a new dedicated business group focused on Microsoft cloud solutions. New Signature has more than 500 cloud experts who focus mainly on Azure, Microsoft 365, and Dynamics 365. The acquired business has experts in the United States, United Kingdom, and Canada.
Ahead of the deal, Cognizant was recognized as a 2020 Microsoft Partner of the Year in three categories: SAP on Azure, Government, and U.S. Partner for Modern Workplace – Apps & Solutions for Microsoft Teams.
Cognizant Acquires New Signature: Business Details
New Signature’s annual revenue was $52.5 million in 2018, up 230 percent over a three-year period, according to the…