Cloud managed service provider Cognizant announced that it was entering an agreement to acquire Microsoft Azure cloud specialist 10th Magnitude, according to a press release on the company’s website. Upon completion of the acquisition, Cognizant will add 10th Magnitude’s Azure expertise to their cloud services offering. The acquisition is expected to close in the third quarter of 2020. Financial terms of the deal were not disclosed.
In the company’s press release, Cognizant Digital Systems and Technology’s President Greg Hyttenrauch stated: “Modernizing business platforms by shifting to the cloud is a key priority for our clients. The acquisition of 10th Magnitude underscores our commitment to Microsoft, one of our leading strategic partners, and will further strengthen our ability to provide Azure expertise to our clients as they embrace the cloud. We are excited to unlock the power of this acquisition and to welcome 10th Magnitude’s outstanding team to Cognizant.”
Cognizant is a professional services company and managed service provider for AWS and Azure. The vendor’s cloud services include consulting, operations, migration, security, and enterprise resource planning. Cognizant’s cloud management services define optimal operations framework for continuous delivery across private, public, or hybrid cloud models. The company can develop a wide range of cloud applications for various compliance-regulated industries.
10th Magnitude’s CEO Alex Brown added: “Hyperscale cloud infrastructures are enabling organizations to be more agile and improve their business performance to better serve customers. The ability to pivot, innovate, remain flexible and resilient, with remote access to key applications, is especially important in these uncertain times. Our award-winning Azure experts have been helping organizations to securely move to and grow within the cloud for more than a decade. With Cognizant, we will be able to offer greater scope and scale to help our clients use an open and highly-adaptable cloud computing platform to compete more effectively.”
Learn more about the Cognizant-10th Magnitude acquisition here.
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