IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Cognizant snaps up Manchester-based IoT specialist Mobica

The acquisition will expand Cognizant’s embedded software engineering capabilities and boost its presence in Eastern Europe

IT services and consulting giant Cognizant has agreed to acquire Manchester-based internet of things (IoT) software engineering services provider Mobica. 

The acquisition will expand Cognizant’s IoT embedded software engineering capabilities, offering clients a wider range of end-to-end support to help with their digital transformation.

Mobica’s services span the software development cycle, with core competencies in development, implementation, testing and deployment of embedded software, as well as a specialisation in clients’ internal research and development projects. 

Cognizant said the firm’s expertise in three key areas – connected devices and digital transformation, silicon and technology platforms, and automotive and intelligent mobility – will help strengthen its own position as a strategic partner in enterprise digital transformation. 

Expected to close in February subject to satisfaction of closing conditions, the move will also further bolster Cognizant’s presence in Eastern Europe, following its acquisitions of Romania-based Softvision in 2018, and Lithuanian firm Devbridge in 2021. 

"Mobica's strong track record of delivering strategic embedded software engineering services is well-aligned to Cognizant's Global 2,000 client base and key industries, while its large presence in Poland significantly enhances our growing development teams in Eastern Europe," said Annadurai Elango, executive vice president of core technologies and insights at Cognizant.

"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."

As a result of the acquisition, Cognizant will add nearly 900 people across Europe and North America, including 550 engineers based in Poland. The company will also take on more than 7,500 associates in Eastern Europe, including around 4,500 engineers.

"Mobica has built a reputation for world-class IoT embedded software engineering expertise across the entire technology stack, from chip to cloud," said 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."

The acquisition follows hot on the heels of Cognizant’s new CEO announcement. Earlier this month, the firm revealed that former Infosys president Ravi Kumar was joining the business, succeeding outgoing CEO Brian Humphries. Under Kumar’s stewardship, Cognizant said it will look to build on its portfolio of solutions, as well as boost performance and growth. 

The company will also announce its Q4 2022 financial results next month, with revenue expected to clock in at $4.8 billion (£3.9 billion) for the quarter, while full-year revenue is set to come in at $19.4 billion (£15.8 billion) - both figures outperforming earlier expectations.

Featured Resources

2023 Strategic roadmap for data security platform convergence

Capitalise on your data and share it securely using consolidated platforms

Free Download

The 3D trends report

Presenting one of the most exciting frontiers in visual culture

Free Download

The Total Economic Impact™ of IBM Cloud Pak® for Watson AIOps with Instana

Cost savings and business benefits

Free Download

Leverage automated APM to accelerate CI/CD and boost application performance

Constant change to meet fast-evolving application functionality

Free Download

Recommended

TD Synnex launches free security self-assessments for VMware partners
Security

TD Synnex launches free security self-assessments for VMware partners

8 Feb 2023
Skyhigh Security's announces new Altitude Partner Programme
channel

Skyhigh Security's announces new Altitude Partner Programme

7 Feb 2023
HPE appoints Heather Walls to lead Ireland channel push
channel

HPE appoints Heather Walls to lead Ireland channel push

3 Feb 2023
Pax8 hires former Datto business development chief Rob Rae
channel

Pax8 hires former Datto business development chief Rob Rae

2 Feb 2023

Most Popular

Warning issued over ransomware attacks targeting VMware ESXi servers globally
cyber attacks

Warning issued over ransomware attacks targeting VMware ESXi servers globally

6 Feb 2023
ION Trading reportedly pays LockBit ransom demands
ransomware

ION Trading reportedly pays LockBit ransom demands

6 Feb 2023
Tips for Boosting your Organisation’s Security Posture with Encryption
Sponsored

Tips for Boosting your Organisation’s Security Posture with Encryption

6 Feb 2023