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5 Things To Know About Cognizant’s Planned 10th Magnitude, New Signature Acquisitions

Cognizant’s acquisition of Microsoft cloud services provider 10th Magnitude, coming only five weeks after Cognizant acquired New Signature, signals a huge investment in the burgeoning Microsoft Cloud business.

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Cognizant Places One-Two Bets On Microsoft Cloud Services

Cognizant Tuesday said it plans to acquire 10th Magnitude, a large Microsoft cloud services provider. The planned acquisition comes only five weeks after the Teaneck, N.J.-based global solution provider unveiled the planned acquisition of New Signature, another large Microsoft cloud services provider.

The two back-to-back deals signal a major move for Cognizant, No. 6 on the CRN 2020 Solution Provider 500. The two will form the basis of a new Microsoft Business Group in Cognizant and expand its Microsoft Azure expertise. For a company like Cognizant, the move is critical as a way to get part of the growth of the Microsoft Azure cloud, which in the fiscal quarter ended June 30 saw revenue grow 47 percent year over year.

These two acquisitions signal a shift in how the channel and the IT industry approach the growing need for cloud services. Here are five things to know about the moves.

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