Cognizant Acquires New Signature
Deal Financials
Not disclosed
Transaction Overview and Rationale
- On July 28, 2020, Cognizant announced an agreement to acquire Microsoft cloud partner New Signature
- New Signature provides cloud computing and IT services and support. As a Microsoft cloud partner, they offer Microsoft infrastructure technologies, learning, technology management and web design/development
- The acquisition expands the company’s hyperscale cloud advisory services, and will help build up a dedicated group within Cognizant centered on Microsoft cloud solutions.
- Cloud has become an area of ongoing focus and investment for Cognizant: New Signature is their fifth cloud related acquisition of 2020. These are listed below:
COVID-19 Has Accelerated M&A for Digital Transformation Companies
- COVID-19 and the ensuing shift to work-from-home, has enterprises accelerating their investments in digital transformation and move to a cloud native environment. This is driving demand for cloud infrastructure (like
Microsoft Azure, Amazon AWS, Google Cloud etc.) cloud applications (like Salesforce.com, ServiceNow, Zoom) and
cloud security (Crowdstrike, Zscaler, Okta) - For IT services providers, this has resulted in increased M&A activities with companies scaling up their offerings in these and related areas quickly through M&A
About True Blue Partners, LLC
True Blue Partners is a boutique M&A advisory firm that serves lower mid-market enterprise software, service and solutions companies. It brings the rigorous strategic and financial perspective of bulge bracket firms with a company building approach and a steadfast partnership that only an independent boutique firm can deliver. For more information please visit www.truebluepartners.com or email us at info@truebluepartners.com.
True Blue Partners is a boutique M&A advisory firm that serves lower mid-market enterprise software, service and solutions companies. It brings the rigorous strategic and financial perspective of bulge bracket firms with a company building approach and a steadfast partnership that only an independent boutique firm can deliver. For more information please visit www.truebluepartners.com or email us at info@truebluepartners.com.
