Cognizant Technology Solutions Corp. is likely to acquire 10th Magnitude, a cloud provider focused on the Microsoft Azure cloud computing platform. It has been reported that they have already signed an agreement to expand their reach in provide cloud services.
“The acquisition 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,” Cognizant wrote.
Chicago America based 10th Magnitude offers advisory and managed services, including data centre transformation, application modernisation, IT also has a platform based on artificial intelligence (AI) driven analytics.
“Modernising business platforms by shifting to the cloud is a key priority for our clients,” said 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.”
New Jersey USA based Cognizant Corp. has already initiated six cloud related transaction and the seventh buyout so far this year.
