202324 Jan

Cognizant to Buy Mobica

Summary

With the acquisition, Cognizant will expand its IoT embedded software engineering capabilities and provide clients with a broader array of end-to-end support to enable digital transformation. Upon closing of the acquisition, the company will add nearly 900 people across Europe and North America, including approximately 550 engineers in Poland. Led by CEO Sam Kingston, Mobica is a software services company, providing Tech Talent-as-a-Service (TaaS), helping businesses build experiences for their customers. The company partners with businesses across multiple industries – from aerospace to finance and semiconductors to automotive – providing them with access to talent and software engineering expertise across the entire technology stack, from concept and development, through to testing and integration, from chip to cloud. Mobica builds upon Cognizant’s earlier efforts to establish strategic capabilities in Eastern Europe via the acquisitions of Softvision in 2018 and Devbridge in 2021, which have significant software product engineering operations in Romaniaand Lithuania, respectively.

Source: Finsmes

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