Acquisition expands Cognizant’s IoT embedded software program engineering capabilities throughout know-how and automotive industries

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

The acquisition considerably expands Cognizant’s IoT embedded software program engineering capabilities and supplies purchasers with a deeper and broader array of end-to-end assist to allow digital transformation. Embedded software program engineering is a fast-growing section of the IoT and engineering market. Market intelligence agency IDC forecasts world product engineering spending to extend from $83 billion in 2021 to $164 billion by 2026.¹

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

“Mobica’s robust monitor report of delivering strategic embedded software program engineering providers is well-aligned to Cognizant’s World 2000 shopper base and key industries, whereas its massive presence in Poland considerably enhances our rising growth groups in Jap Europe,” mentioned Annadurai Elango, govt vice chairman of Cognizant’s Core Applied sciences and Insights. “We consider combining Mobica’s experience with Cognizant’s robust IoT and product engineering capabilities will lead to enhanced digital transformation outcomes for world purchasers within the know-how and automotive industries and past.”

Mobica’s experience in three key areas – related units and digital transformation, silicon and know-how platforms, and automotive and clever mobility – is predicted to additional strengthen Cognizant’s shopper choices and place as a strategic companion in enterprise digital transformation.

“Mobica has constructed a fame for world-class IoT embedded software program engineering experience throughout all the know-how stack, from chip to cloud,” mentioned Sam Kingston, CEO of Mobica. “The alignment we share with Cognizant from a know-how, {industry} and client-focus standpoint represents a robust platform for continued progress in Europe and North America, and a chance for our proficient group to develop their expertise and careers.”

Mobica builds upon Cognizant’s earlier efforts to determine strategic capabilities in Jap Europe by way of 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 could have greater than 7,500 associates in Jap Europe, together with roughly 4,500 engineers.

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

About Mobica
Mobica is a worldwide software program providers 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 unbelievable expertise and software program engineering experience throughout all the know-how stack, from idea and growth, by to testing and integration, from chip to cloud. With over 700 world class software program engineers, Mobica specialises in turning complicated enterprise challenges into aggressive benefit by 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 trendy companies. We assist our purchasers modernize know-how, reimagine processes and remodel experiences to allow them to keep forward in our fast-changing world. Collectively, we’re enhancing on a regular basis life. See how at www.cognizant.com or @cognizant.

Ahead-Trying Statements
This press launch contains statements which can represent forward-looking statements made pursuant to the secure harbor provisions of the Non-public 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 embrace, however aren’t restricted to, specific or implied forward-looking statements referring to expectations relating to progress within the world 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 quite a lot of dangers and uncertainties, lots of that are past our management, which might trigger precise outcomes to vary materially from these contemplated in these forward-looking statements. Present and potential traders 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 embrace common financial circumstances, 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 atmosphere, together with with respect to immigration and taxes, and the opposite elements mentioned in our most up-to-date Annual Report on Kind 10-Okay and different filings with the Securities and Change Fee. Cognizant undertakes no obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions, or in any other case, besides as could also be required below relevant securities legislation.

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¹ Worldwide Information Company (IDC); Worldwide Product Engineering and Operational Expertise Providers Forecast, 2022–2026, US48533822; August, 2022.

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