Cognizant is set to acquire Mobica, an IoT software engineering services provider headquartered in Manchester, United Kingdom.
Mobica’s services span the full software development cycle, with core competencies in development, implementation, testing and deployment of embedded software, and a specialization in clients’ strategic internal research and development projects.
Mobica’s expertise in key areas – connected devices and digital transformation, silicon and technology platforms, and automotive and intelligent mobility – is expected to strengthen Cognizant’s client offerings, said Annadurai Elango, executive vice president of Cognizant’s Core Technologies and Insights.
Mobica acquired Softvision in 2018 and Devbridge in 2021, which have significant software product engineering operations in Romania and Lithuania, respectively.
Upon acquiring Mobica, Cognizant will have more than 7,500 associates in Eastern Europe, including approximately 4,500 engineers.
Upon closing of the acquisition, Cognizant will add nearly 900 people across Europe and North America, including approximately 550 engineers in Poland.
The acquisition is expected to close in February 2023. Financial details were not disclosed.