Announced
Completed
Synopsis
Cognizant, an American multinational technology company, completed the acquisition of 3Cloud, a dedicated Microsoft Azure services provider, from Gryphon Investors, a middle-market private investment firm. Financial terms are not disclosed. "We truly enjoyed the journey of working with CEO Mike Rocco, President Jim Dietrich, and the entire 3Cloud management team to build a preeminent Azure services provider. We are grateful for the hard work of the 3Cloud team and we appreciate the shared vision and ultimate success we had together. We wish the 3Cloud team well and expect them to continue to flourish and grow as a part of Cognizant," Gabe Stephenson, Gryphon Deal Partner and Co-Head.
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