Cognizant to obtain Mobica to improve its IoT software package engineering assistance choices

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

TEANECK, N.J., Jan. 23, 2023 /PRNewswire/ — Cognizant has entered into an settlement to obtain Mobica, an IoT software program engineering providers service provider headquartered in Manchester, United Kingdom. Mobica’s providers span the total computer software growth cycle, with core competencies in improvement, implementation, testing and deployment of embedded software, and a specialization in clients’ strategic interior research and improvement assignments.

The acquisition significantly expands Cognizant’s IoT embedded application engineering capabilities and delivers shoppers with a deeper and broader array of conclude-to-conclude guidance to enable electronic transformation. Embedded software engineering is a rapid-rising section of the IoT and engineering industry. Marketplace intelligence firm IDC forecasts world-wide item engineering investing to boost from $83 billion in 2021 to $164 billion by 2026.¹

Upon closing of the acquisition, Cognizant will increase almost 900 persons across Europe and North America, such as approximately 550 engineers in Poland.

“Mobica’s powerful observe history of offering strategic embedded computer software engineering solutions is properly-aligned to Cognizant’s Global 2000 shopper foundation and vital industries, though its big existence in Poland drastically boosts our expanding development groups in Japanese Europe,” explained Annadurai Elango, executive vice president of Cognizant’s Main Systems and Insights. “We believe combining Mobica’s know-how with Cognizant’s potent IoT and item engineering capabilities will end result in improved electronic transformation outcomes for world-wide shoppers in the technological innovation and automotive industries and over and above.”

Mobica’s know-how in a few crucial parts – related devices and electronic transformation, silicon and engineering platforms, and automotive and intelligent mobility – is predicted to even further bolster Cognizant’s shopper choices and position as a strategic spouse in company electronic transformation.

“Mobica has built a popularity for entire world-class IoT embedded computer software engineering expertise across the overall technological know-how stack, from chip to cloud,” mentioned Sam Kingston, CEO of Mobica. “The alignment we share with Cognizant from a know-how, field and customer-emphasis standpoint represents a solid system for ongoing development in Europe and North The usa, and an possibility for our gifted staff to mature their techniques and occupations.”

Mobica builds on Cognizant’s earlier endeavours to create strategic abilities in Eastern Europe via the acquisitions of Softvision in 2018 and Devbridge in 2021, which have significant computer software merchandise engineering functions in Romania and Lithuania, respectively. On buying Mobica, Cognizant will have a lot more than 7,500 associates in Japanese Europe, together with roughly 4,500 engineers.

The acquisition is anticipated to close in February 2023, subject to satisfaction of closing conditions. Fiscal particulars ended up not disclosed.

About Mobica
Mobica is a global application companies company, offering Tech Expertise-as-a-Company (TaaS), serving to companies develop groundbreaking ordeals for their buyers. Headquartered in Manchester United kingdom with offices throughout Europe and US, Mobica partners with businesses throughout a number of industries – from aerospace to finance and semiconductors to automotive – furnishing them with accessibility to extraordinary expertise and software program engineering abilities throughout the complete technological know-how stack, from strategy and progress, as a result of to screening and integration, from chip to cloud. With over 700 earth course computer software engineers, Mobica specialises in turning advanced enterprise worries into competitive edge by way of vast cross-field expertise and capability to provide at scale. Driving experience due to the fact 2004. Adhere to Mobica: LinkedIn, Facebook, YouTube

About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern organizations. We support our clients modernize know-how, reimagine procedures and transform activities so they can stay ahead in our quickly-shifting environment. Jointly, we’re bettering each day life. See how at www.cognizant.com or @cognizant.

Ahead-Seeking Statements
This press launch consists of statements which may constitute forward-hunting statements created pursuant to the safe and sound harbor provisions of the Personal Securities Litigation Reform Act of 1995, the accuracy of which are automatically subject to risks, uncertainties and assumptions as to potential activities that could not show to be exact. These statements incorporate, but are not limited to, convey or implied ahead-looking statements relating to anticipations pertaining to advancement in the worldwide IoT market, the expected closing of the acquisition of Mobica and the influence of the acquisition of Mobica on the company and prospective customers of Cognizant. These statements are neither claims nor assures but are subject matter to a wide range of challenges and uncertainties, a lot of of which are over and above our management, which could result in real effects to differ materially from those people contemplated in these ahead-on the lookout statements. Current and possible traders are cautioned not to place undue reliance on these forward-seeking statements, which discuss only as of the date hereof. Variables that could result in genuine final results to differ materially from people expressed or implied involve typical economic disorders, the competitive and quickly transforming character of the markets we contend in, the competitive market for expertise and its effect on worker recruitment and retention, legal, reputational, and monetary hazards resulting from cyberattacks, modifications in the regulatory atmosphere, such as with regard to immigration and taxes, and the other components mentioned in our most recent Once-a-year Report on Form 10-K and other filings with the Securities and Trade Commission. Cognizant undertakes no obligation to update or revise any forward-wanting statements, no matter whether as a final result of new details, foreseeable future events, or if not, except as might be essential less than applicable securities legislation.

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¹ International Information Corporation (IDC) Around the globe Product or service Engineering and Operational Technology Solutions Forecast, 2022–2026, US48533822 August, 2022.

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