Cognizant to acquire Mobica to enhance its IoT software engineering service offerings

Cognizant is thrilled to announce that it has acquired Mobica, a leading IoT software engineering services provider located in Manchester, United Kingdom. From development and implementation to testing and deployment of embedded solutions, Mobica’s capabilities span the entire software development cycle. Plus, they have specialized expertise with strategic internal research and development projects for clients!

With this acquisition, Cognizant is able to further leverage its embedded software engineering capabilities for the Internet of Things and provide clients with enhanced end-to-end support that will help them undergo digital transformation.

Embedded software engineering is on the rise and quickly becoming a staple of the IoT and engineering industry. According to market research company IDC, international product engineering expenditures will skyrocket from $83 billion in 2021 to an astonishing $164 billion within just five years.

Upon finalization of the purchase, Cognizant will acquire nearly 900 personnel spanning Europe and North America, including an impressive 550 engineers in Poland.

Annadurai Elango, executive vice president of Cognizant’s Core Technologies and Insights expressed-

“Mobica’s strong track record of delivering strategic embedded software engineering services is well-aligned to Cognizant’s Global 2000 client base and key industries, while its large presence in Poland significantly enhances our growing development teams in Eastern Europe. We believe combining Mobica’s expertise with Cognizant’s strong IoT and product engineering capabilities will result in enhanced digital transformation outcomes for global clients in the technology and automotive industries and beyond.”

Mobica’s knowledge in connected devices and digital transformation, silicon and technology platforms, as well as automotive and intelligent mobility is predicted to enhance Cognizant’s client services and reputation as a key collaborator when it comes to enterprise digital transformation.

Sam Kingston, CEO of Mobica said in a statement-

“Mobica has built a reputation for world-class IoT embedded software engineering expertise across the entire technology stack, from chip to cloud. The alignment we share with Cognizant from a technology, industry, and client-focus standpoint represents a strong platform for continued growth in Europe and North America and an opportunity for our talented team to grow their skills and careers.”

Building upon Cognizant’s prior attempts to create strategic capabilities in Eastern Europe, Mobica was formed through the purchases of Softvision (2018) and Devbridge (2021). Both these organizations have noteworthy software product engineering operations located in Romania and Lithuania respectively.

By successfully obtaining Mobica, Cognizant will have more than 7,500 associates in Eastern Europe, with approximately 4,500 engineers included. With this acquisition of talent and expertise at their fingertips, Cognizant is sure to reach new heights!

The acquisition is projected to become finalized by February 2023, contingent upon the fulfillment of closing conditions. Unfortunately, we cannot disclose exact financial details at this time.

We look forward to seeing what Cognizant and Mobica can create together in the future. Stay tuned for updates!

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