Cognizant Expands IoT Capabilities With Mobica Acquisition

January 23, 2023, 02:55 PM EST

The acquisition, slated to shut in February, will add extra software program engineering capabilities round IoT, embedded software program, safety, and AI and machine studying whereas beefing up Cognizant’s jap European presence to over 7,500 folks.

World methods integrator and resolution supplier Cognizant Monday unveiled its deliberate acquisition of Mobica, a U.Ok.-based software program companies firm with over 700 software program engineers throughout the U.S. and Europe.

Mobica gives what it calls talent-as-a-service wherein clients can use its software program engineers to use particular abilities to their groups, scale their groups on-demand, or tackle a full software program undertaking.

The corporate has experience in edge and embedded methods, laptop imaginative and prescient, cloud, safety, firmware, cellular and internet functions, and AI and machine studying.

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The acquisition, for which no greenback worth was supplied, is slated to shut a while subsequent month. When it closes, Cognizant expects so as to add nearly 900 folks throughout North America and Europe, together with a base of about 500 software program engineers in Poland.

For Cognizant, the acquisition of Mobica represents a major enlargement of its IoT capabilities. Cognizant, ranked No. 7 on the CRN 2022 Resolution Supplier 500, mentioned the acquisition will considerably increase its IoT embedded software program engineering capabilities, representing a possibility for the Teaneck, N.J.-based resolution supplier to higher reap the benefits of the fast-growing world product engineering enterprise, which it mentioned will develop to $164 billion by 2026, citing market intelligence agency IDC.

Vibha Rustagi, Cognizant’s world head of IoT, informed CRN by way of electronic mail, “Mobica’s abilities will improve Cognizant‘s embedded software program engineering capabilities to deal with clients worldwide, together with within the U.S.”

Annadurai Elango, government vice chairman of Cognizant‘s core applied sciences and insights, mentioned in a ready assertion that Mobica’s robust monitor report in strategic embedded software program engineering companies aligns with Cognizant‘s World 2000 consumer base and key industries.

“We consider combining Mobica‘s experience with Cognizant’s robust IoT and product engineering capabilities will end in enhanced digital transformation outcomes for world purchasers within the know-how and automotive industries and past,” Elango mentioned.

Mobica is the most recent transfer by Cognizant to increase its European base. The corporate in late 2021 acquired Chicago-based software program consultancy and product improvement firm Devbridge, and in 2018 acquired Austin, Texas-based software developer Softvision. Each corporations had intensive software program operations throughout Europe, together with in Romania and Lithuania.

When the Mobica acquisition closes, Cognizant expects to have over 7,500 personnel throughout jap Europe, together with about 4,500 software program engineers.