Cognizant acquires Manchester based Mobica
Professional services firm Cognizant has announced it will acquire IoT software engineering service Mobica. The deal will conclude in the first quarter of 2023, and adds hundreds of engineers to Cognizant’s headcount in North America and Europe.
Annadurai Elango, Executive Vice President of Cognizant's Core Technologies and Insights, commented, "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.”
By combining Mobica's expertise with Cognizant's strong Internet of Things (IoT) and product engineering capabilities, the firm hopes it will realise enhanced digital transformation outcomes for global clients in the technology and automotive industries, among others. The deal will see nearly 900 people across Europe and North America added to Cognizant’s existing 3,500 engineers across Central and Eastern Europe.
Mobica is a global software services company, providing Tech Talent-as-a-Service, with clients across multiple industries – from aerospace to finance and semiconductors to automotive – providing them with access to talent and software engineering expertise across the entire technology stack. Founded in 2004, the Manchester-headquartered company has offices across Europe and the US.
“Mobica has built a reputation for world-class IoT embedded software engineering expertise across the entire technology stack, from chip to cloud," added Sam Kingston, CEO of Mobica. "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."
Financial details were not disclosed, but the acquisition is expected to close in February 2023, subject to satisfaction of closing conditions. The transaction – which includes approximately 550 engineers in Poland – will build upon Cognizant's earlier efforts to establish strategic capabilities in Eastern Europe, via the acquisitions of Softvision in 2018 and Devbridge in 2021, which have significant software product engineering operations in Romania and Lithuania, respectively.
