Cognizant's fifth cloud-related acquisition this year

Global software major Cognizant announced it has acquired Cloud solutions provider New Signature for its newly-formed Microsoft Business Group. It is one of the world's largest independent Microsoft public cloud transformation specialists, for an undisclosed sum.

New York: As per the tweet by Cognizant, this is Cognizant's fifth cloud-related acquisition this year and the latest acquisition would expand the company's hyper-scale cloud advisory services.

New Signature's more than 500 Cloud experts, based primarily in the US, the UK 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," Greg Hyttenrauch, President, Cognizant Digital Systems and Technology, said in a statement.

Cognizant's fifth cloud-related acquisition this year

"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," said Jeff Tench, Chief Executive Officer, New Signature.

(Inputs from IANS)