- New Signature is one of the world’s largest independent Microsoft public cloud transformation specialists. Its success has been built helping its clients create and accelerate their digital business transformation through the adoption of Microsoft cloud technologies
- Founded in 2003 and headquartered in Washington, D.C., New Signature has operations in the United States, Canada, the UK and South Africa
- The company serves more than 300 enterprise clients globally across all major industries and has over 500 cloud experts
- New Signature has received numerous Microsoft recognitions, including the 2019 Microsoft UK Partner of the Year award. New Signature is one of 70 certified Azure Expert Managed Service Providers worldwide and has 16 Gold Microsoft Competencies or specialisations
- Cognizant (Nasdaq: CTSH) provides consulting, technology, and outsourcing services worldwide, transforming clients’ business, operating and technology models for the digital era
- The company more specifically offers analytics and artificial intelligence, digital engineering, Internet of Things, interactive, and cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services
- Cognizant has 280,000+ employees, was founded in 1994 and is based in Teaneck, New Jersey
- The acquisition expands Cognizant’s hyperscale cloud advisory services and will provide the foundation for a new, dedicated group centered on Microsoft cloud solutions within Cognizant, Microsoft Business Group, with New Signature’s more than 500 cloud experts joining it
- The deal will further deepen Cognizant’s expertise in advisory and managed services across the Microsoft cloud product suite including Azure, Microsoft 365 and Dynamics 365
- Joining Cognizant, will provide New Signature with access to Cognizant’s deep industry expertise, global scale and extensive and long-standing relationships with global enterprises
- Arma acted as financial advisor to New Signature in securing a successful sale to Cognizant
- Arma helped the Board in navigating inbound interest from several strategic buyers which resulted in an accelerated process following pre-emptive offers in the midst of the global Covid-19 epidemic
- Arma actively supported the management team in positioning New Signature’s growth strategy, building a detailed financial model and customer database, preparing for counterparty meetings and Q&A, as well as advising on deal tactics
- This transaction further demonstrates Arma’s depth and experience as the leading specialist advisor to the world’s most important public cloud and digital transformation companies. It also highlights our ability to deliver successful outcomes to US headquartered businesses with global operations