Cognizant to acquire New Signature from Columbia Capital.

Cognizant, an American multinational corporation that provides IT services, agreed to acquire New Signature, a Microsoft public cloud transformation specialists, from Columbia Capital, a private equity firm. Financial terms were not disclosed. "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," Jeff Tench, New Signature CEO.