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Cognizant to amass Mobica to reinforce its IoT software program engineering service choices

Acquisition expands Cognizant’s IoT embedded software program engineering capabilities throughout expertise and automotive industries

TEANECK, NJ, Jan 23, 2023 /PRNewswire/ — Cognizant has entered into an settlement to amass Mobica, an IoT software program engineering companies supplier headquartered in Manchester, United Kingdom. Mobica’s companies span the complete software program growth cycle, with core competencies in growth, implementation, testing and deployment of embedded software program, and a specialization in shoppers’ strategic inner analysis and growth initiatives.

The acquisition considerably expands Cognizant’s IoT embedded software program engineering capabilities and offers shoppers with a deeper and broader array of end-to-end assist to allow digital transformation. Embedded software program engineering is a fast-growing phase of the IoT and engineering market. Market intelligence agency IDC forecasts international product engineering spending to extend from $83 billion in 2021 to $164 billion by 2026.one

Upon closing of the acquisition, Cognizant will add practically 900 individuals throughout Europe and North Americatogether with roughly 550 engineers in Polish.

“Mobica’s robust monitor report of delivering strategic embedded software program engineering companies is well-aligned to Cognizant’s International 2000 consumer base and key industries, whereas its giant presence in Polish considerably enhances our rising growth groups in Jap Europe,” stated Annadurai Elango, govt vice chairman of Cognizant’s Core Applied sciences and Insights. “We imagine combining Mobica’s experience with Cognizant’s robust IoT and product engineering capabilities will end in enhanced digital transformation outcomes for international shoppers within the expertise and automotive industries and past.”

Mobica’s experience in three key areas – related gadgets and digital transformation, silicon and expertise platforms, and automotive and clever mobility – is anticipated to additional strengthen Cognizant’s consumer choices and place as a strategic associate in enterprise digital transformation.

“Mobica has constructed a repute for world-class IoT embedded software program engineering experience throughout the complete expertise stack, from chip to cloud,” stated sam kingston, CEO of Mobica. “The alignment we share with Cognizant from a expertise, {industry} and client-focus standpoint represents a robust platform for continued progress in Europe and North Americaand a chance for our proficient staff to develop their expertise and careers.”

Mobica builds upon Cognizant’s earlier efforts to determine strategic capabilities in Jap Europe through the acquisitions of Softvision in 2018 and Devbridge in 2021, which have important software program product engineering operations in romania and lithuania, respectively. Upon buying Mobica, Cognizant may have greater than 7,500 associates in Jap Europetogether with roughly 4,500 engineers.

The acquisition is anticipated to shut in February 2023, topic to satisfaction of closing situations. Monetary particulars weren’t disclosed.

About Mobica
Mobica is a worldwide software program companies firm, offering Tech Expertise-as-a-Service (TaaS), serving to companies construct pioneering experiences for his or her prospects. Headquartered in manchester uk with workplaces throughout Europe and US, Mobica companions with companies throughout a number of industries – from aerospace to finance and semiconductors to automotive – offering them with entry to unimaginable expertise and software program engineering experience throughout the complete expertise stack, from idea and growth, by means of to testing and integration, from chip to cloud. With over 700 world class software program engineers, Mobica focuses on turning advanced enterprise challenges into aggressive benefit by means of huge cross-industry expertise and talent to ship at scale. Driving experience since 2004. Comply with Mobica: LinkedIn, Fb, YouTube

About Cognizant
Cognizant (Nasdaq: CTSH) engineers fashionable companies. We assist our shoppers modernize expertise, reimagine processes and rework experiences to allow them to keep forward in our fast-changing world. Collectively, we’re bettering on a regular basis life. See how at www.cognizant.com or @cognizant.

Ahead-Wanting Statements
This press launch consists of statements which can represent forward-looking statements made pursuant to the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995, the accuracy of that are essentially topic to dangers, uncertainties and assumptions as to future occasions that will not show to be correct. These statements embody, however will not be restricted to, categorical or implied forward-looking statements regarding expectations relating to progress within the international IoT market, the anticipated closing of the acquisition of Mobica and the affect of the acquisition of Mobica on the enterprise and prospects of Cognizant. These statements are neither guarantees nor ensures however are topic to a wide range of dangers and uncertainties, a lot of that are past our management, which may trigger precise outcomes to vary materially from these contemplated in these forward-looking statements. Current and potential buyers are cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date hereof. Elements that would trigger precise outcomes to vary materially from these expressed or implied embody normal financial situations, the aggressive and quickly altering nature of the markets we compete in, the aggressive market for expertise and its affect on worker recruitment and retention, authorized, reputational, and monetary dangers ensuing from cyberattacks, modifications within the regulatory setting, together with with respect to immigration and taxes, and the opposite elements mentioned in our most up-to-date Annual Report on Type 10-Okay and different filings with the Securities and Trade Fee. Cognizant undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions, or in any other case, besides as could also be required below relevant securities regulation.

For extra data, contact:

one Worldwide Information Company (IDC); Worldwide Product Engineering and Operational Know-how Providers Forecast, 2022–2026, US48533822; August, 2022.

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SOURCE Cognizant Know-how Options

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