Announced
Completed
Synopsis
Cognizant Technology, an American professional services company, completed the acquisition of 10th Magnitude, a cloud specialist focused exclusively on the Microsoft Azure cloud computing platform. Financial terms were not disclosed. "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," Alex Brown, 10th Magnitude Chief Executive Officer. 10th Magnitude is Cognizant's sixth cloud-related acquisition in 2020.
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