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Home Gadgets Cognizant to acquire Chicago-based cloud specialist firm 10th Magnitude

Cognizant to acquire Chicago-based cloud specialist firm 10th Magnitude


MUMBAI: Cognizant introduced that it’s buying Chicago-based 10th Magnitude, a Microsoft Azure focussed cloud specialist firm. The acquisition is predicted so as to add to the corporate’s Azure experience inside its ‘Microsoft Enterprise Group’ phase. The acquisition provides to the corporate’s portfolio of improvement and managed companies hubs in main cities all through the US. This might be Cognizant’s sixth cloud-related acquisition in 2020.

tenth Magnitude affords advisory and managed companies, together with information centre transformation, utility modernization, and different options.

“Modernizing enterprise platforms by shifting to the cloud is a key precedence for our purchasers,” stated Greg Hyttenrauch, President, Cognizant Digital Programs and Technology. “The acquisition of tenth Magnitude underscores our dedication to Microsoft, considered one of our main strategic companions, and can additional strengthen our capability to offer Azure experience to our purchasers as they embrace the cloud. We’re excited to unlock the facility of this acquisition and to welcome tenth Magnitude’s excellent group to Cognizant.”

“Hyperscale cloud infrastructures are enabling organizations to be extra agile and enhance their enterprise efficiency to higher serve prospects. The power to pivot, innovate, stay versatile and resilient, with distant entry to key functions, is particularly necessary in these unsure occasions,” stated Alex Brown, Chief Govt Officer, tenth Magnitude. “With Cognizant, we will supply better scope and scale to assist our purchasers use an open and highly-adaptable cloud computing platform to compete extra successfully.”

Upon the shut of the acquisition, tenth Magnitude’s Azure workers will be part of Cognizant as a part of the Microsoft Business Group. The transaction is predicted to shut within the third quarter of 2020, topic to the satisfaction of closing circumstances, together with regulatory clearance. Monetary particulars weren’t disclosed.

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