Cognizant to acquire Mobica, terms not disclosed

Cognizant has entered into an agreement to acquire Mobica, an IoT software engineering services provider headquartered in Manchester, United Kingdom. Mobica’s services span the full software development cycle, with core competencies in development, implementation, testing and deployment of embedded software, and a specialization in clients’ strategic internal research and development projects. Upon closing of the acquisition, Cognizant will add nearly 900 people across Europe and North America, including approximately 550 engineers in Poland. The acquisition is expected to close in February 2023, subject to satisfaction of closing conditions. Financial details were not disclosed.