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Cognizant has acquired Mobica, an IoT software program engineering providers supplier headquartered in Manchester, United Kingdom. Monetary phrases of the deal weren’t disclosed.
Cognizant Acquires Mobica
Cognizant is predicated in Teaneck, New Jersey. The corporate has 317,288 workers listed on LinkedIn. Cognizant’s areas of experience embrace interactive, clever course of automation, digital engineering, trade & platform options, Web of issues, synthetic intelligence, cloud, knowledge, healthcare, banking, finance, FinTech, manufacturing, retail, expertise and Salesforce purposes.
Mobica, primarily based in Manchester, UK, was based in 2004. The corporate has 773 workers listed on LinkedIn. Mobica’s areas of experience embrace software program improvement, iOS, UI/UX, embedded, automotive, testing, fintech, QT, semiconductor, cellular, medical, marine, aviation & protection, IoT, 5G, linked automotive, funds, TV & media, AR/VR, house, QA, expertise, software program engineering, industrial, FinTech, silicon, talent-as-a-service, hiring expertise, digital transformation, software program improvement, C++, and embedded.
The acquisition considerably expands Cognizant’s IoT-embedded software program engineering capabilities, the businesses stated. Upon closing of the acquisition, Cognizant will add practically 900 individuals throughout Europe and North America, together with roughly 550 engineers in Poland. The acquisition of Mobica builds upon Cognizant’s earlier acquisitions in Jap Europe together with Softvision in 2018 and Devbridge in 2021. These acquisitions added vital software program product engineering operations in Romania and Lithuania, respectively. Upon buying Mobica, Cognizant could have greater than 7,500 associates in Jap Europe, together with roughly 4,500 engineers, the businesses stated.
Annadurai Elango, VP, Core Applied sciences & Insights, Cognizant
Sam Kingston, CEO, Mobica
Annadurai Elango, govt vp of Cognizant’s Core Applied sciences and Insights, commented:
“Mobica’s robust observe report of delivering strategic embedded software program engineering providers is well-aligned to Cognizant’s International 2000 shopper base and key industries, whereas its giant presence in Poland considerably enhances our rising improvement groups in Jap Europe. We consider combining Mobica’s experience with Cognizant’s robust IoT and product engineering capabilities will end in enhanced digital transformation outcomes for international purchasers within the expertise and automotive industries and past.”
Sam Kingston, CEO of Mobica, added:
“Mobica has constructed a popularity for world-class IoT embedded software program engineering experience throughout the complete expertise stack, from chip to cloud. The alignment we share with Cognizant from a expertise, trade and client-focus standpoint represents a powerful platform for continued development in Europe and North America, and a possibility for our proficient crew to develop their abilities and careers.”
Cognizant M&A Exercise
The acquisition is anticipated to shut in February 2023.
Cognizant stays energetic on the M&A (merger and acquisition) entrance. The worldwide IT consulting agency usually appears to be like to amass IT providers companies that target one to 4 strategic areas — similar to:
- The Web of Issues (IoT);
- cloud;
- synthetic intelligence and analytics; and
- software program product engineering.
Furthermore, the buyout targets usually concentrate on such platforms as Amazon Web Services, Microsoft Azure, Salesforce, ServiceNow and Workday, amongst others.
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