Cognizant to acquire Cloud specialist firm 10th Magnitude By Elets News Network - 02 September 2020


IT-major Cognizant said it is acquiring Chicago-based 10th Magnitude, a Cloud specialist focused exclusively on the Microsoft Azure platform. However, the financial details of the deal were not disclosed. The acquisition will be Cognizant’s sixth Cloud-related acquisition in 2020.

The deal will expand the Microsoft Azure expertise within Cognizant’s new Microsoft Business Group, adding development and managed services hubs in major cities throughout the US.

10th Magnitude offers advisory and managed services, including data centre transformation, application modernisation, and data intelligence with AI-driven analytics and insights.

Also Read: Cognizant posts plunge in profit by 29 pc

“Modernising business platforms by shifting to the Cloud is a key priority for our clients,” Greg Hyttenrauch, President, Cognizant Digital Systems and Technology.

 “The acquisition of 10th Magnitude underscores our commitment to Microsoft, one of our leading strategic partners, and will further strengthen our ability to provide Azure expertise to our clients as they embrace the Cloud.”

Upon the close of the acquisition, 10th Magnitude’s Azure experts will join Cognizant as part of the Microsoft Business Group.

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