Cognizant Technology Solutions Corp. (NASDAQ: CTSH), a global IT services firm, announced an agreement to acquire Manchester, UK-based Mobica, an IT services firm that describes itself as a “talent-as-a-service” provider.
The deal is expected to close in February.
“Mobica’s strong track record of delivering strategic embedded software engineering services is well-aligned to Cognizant’s Global 2000 client base and key industries, while its large presence in Poland significantly enhances our growing development teams in Eastern Europe,” said Annadurai Elango, executive VP of Cognizant’s core technologies and insights.
The acquisition expands Cognizant’s IoT-embedded software engineering capabilities and provides clients with a deeper and broader array of end-to-end support to enable digital transformation.
Elango noted that combining Mobica’s expertise with Cognizant’s IoT and product engineering capabilities will result in enhanced digital transformation outcomes for global clients in the technology and automotive industries and beyond.
Upon closing the acquisition, Cognizant will add nearly 900 people across Europe and North America, including approximately 550 engineers in Poland.
“The alignment we share with Cognizant from a technology, industry and client-focus standpoint represents a strong platform for continued growth in Europe and North America and an opportunity for our talented team to grow their skills and careers,” Mobica CEO Sam Kingston said.
The terms of the acquisition were not announced.