Cognizant to Acquire UK-based IT Services Firm Mobica

Cognizant has entered into an arrangement to purchase Mobica, an IoT software engineering providers supplier headquartered in Manchester, United Kingdom. 

Mobica’s providers span the whole computer software enhancement cycle, with core competencies in progress, implementation, tests and deployment of embedded software package, and a specialization in clients’ strategic interior analysis and improvement projects.

The acquisition appreciably expands Cognizant’s IoT embedded computer software engineering abilities and offers purchasers with a further and broader array of finish-to-close guidance to help digital transformation. Embedded software program engineering is a speedy-rising segment of the IoT and engineering market place. Market place intelligence agency IDC forecasts international item engineering paying out to maximize from $83 billion in 2021 to $164 billion by 2026.1

Upon closing of the acquisition, Cognizant will increase just about 900 folks throughout Europe and North The us, including roughly 550 engineers in Poland.

Mobica’s abilities in three essential areas – linked devices and electronic transformation, silicon and technological know-how platforms, and automotive and smart mobility – is predicted to even further reinforce Cognizant’s consumer choices and placement as a strategic companion in organization digital transformation.

Mobica builds upon Cognizant’s previously attempts to create strategic abilities in Jap Europe by using the acquisitions of Softvision in 2018 and Devbridge in 2021, which have major software package solution engineering operations in Romania and Lithuania, respectively. Upon obtaining Mobica, Cognizant will have far more than 7,500 associates in Jap Europe, including about 4,500 engineers.