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 Inc. 5000 list for 2019.New Signature's cloud consulting clientele includes Virgin Atlantic Airways, Hershey Company, the National Health Service (NHS) and the British Heart Foundation, the seller says.New Signature honors include 2019 Microsoft U.K. Partner of the Year award, 2018 Microsoft IMPACT Canada award, and 2015 and 2014 Microsoft U.S. Partner of the Year awards. New Signature was also recognized in 2019, for the eighth consecutive year, as one of the Inc. 5000 Fastest Growing Companies.New Signature was backed by private equity firm Columbia Capital ahead of the deal. Arma Partners acted as financial advisor to New Signature on the sale to Cognizant.Cognizant Acquires New Signature: Executive Perspectives



"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. We look forward to welcoming New Signature into the Cognizant family."
"New Signature's success is built upon helping clients create and accelerate their business transformation through the adoption of Microsoft cloud technologies. 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. We share a passion for innovation and look forward to our future at the heart of Cognizant's new Microsoft Business Group."
"The New Signature acquisition will enhance Cognizant's ability to partner with customers across industries and geographies on their cloud strategy and business transformation. We look forward to building on our long-standing partnership with Cognizant, especially with the coming launch of Cognizant's new Microsoft Business Group."
Cognizant Acquisitions, Quarterly Financial Results
This is Cognizant's fifth acquisition of 2020. The other deals involved buying:- May 2020: Workday SaaS partner Collaborative Solutions.
- March 2020: Salesforce cloud partner Lev.
- February 2020: Code Zero for cloud-based CPQ and billing consulting.
- February 2020: Salesforce partner El Technologies.