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US tech giant Cognizant to acquire Manchester’s Mobica

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US tech giant Cognizant is set to acquire Manchester’s Mobica, an IoT software engineering services provider.

The acquisition will see Cognizant add nearly 900 people across Europe and North America, including approximately 550 engineers in Poland, as recent figures from market intelligence firm IDC forecast global product engineering spending to increase from $83 billion in 2021 to $164 billion by 2026, with embedded software engineering among the fastest-growing segments of the IoT and engineering market. The addition of Mobica will significantly expands Cognizant’s capabilities in the field.

Annadurai Elango, executive vice president of Cognizant’s Core Technologies and Insights, said: “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. 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.

Sam Kingston, CEO of Mobica, added: “Mobica has built a reputation for world-class IoT embedded software engineering expertise across the entire technology stack, from chip to cloud. 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.”

Cognizant’s has previously sought to establish strategic capabilities in Eastern Europe via the acquisitions of Softvision in 2018 and Devbridge in 2021, which respectively have significant software product engineering operations in Romania and Lithuania. With Mobica onboard, Cognizant will have more than 7,500 associates in Eastern Europe, including approximately 4,500 engineers.

The acquisition is expected to close in February 2023, subject to satisfaction of closing conditions. Financial details were not disclosed.

 

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