Teaneck-based Cognizant on Monday said it entered into an agreement to acquire Mobica, an Internet of Things software engineering services provider headquartered in Manchester, U.K. The acquisition expands Cognizant’s IoT embedded software engineering capabilities across technology and automotive industries.
The acquisition is expected to close in February, subject to satisfaction of closing conditions. Financial details were not disclosed.
Mobica’s services span the full software development cycle, with core competencies in development, implementation, testing and deployment of embedded software.
Embedded software engineering is a fast-growing segment of the IoT and engineering market.
Upon closing of the acquisition, Cognizant will add nearly 900 people across Europe and North America, including approximately 550 engineers in Poland.
“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,” Annadurai Elango, executive vice president of Cognizant’s core technologies and insights, said. “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 expertise in three key areas — connected devices and digital transformation, silicon and technology platforms, and automotive and intelligent mobility — is expected to further strengthen Cognizant’s client offerings and position as a strategic partner in enterprise digital transformation.
“Mobica has built a reputation for world-class IoT embedded software engineering expertise across the entire technology stack, from chip to cloud,” Sam Kingston, CEO of Mobica, said. “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.”
Mobica builds 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. Upon acquiring Mobica, Cognizant will have more than 7,500 associates in Eastern Europe, including approximately 4,500 engineers.