Cognizant to acquire UK-based Mobica
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CognizantÂ Technology Solutions (NASDAQ:CTSH) is set to acquire the U.K.-based IoT software engineering services provider, Mobica.
The acquisition is expected to expand Cognizant's IoT embedded software engineering capabilities.
The company expects to add nearly 900 people across Europe and North America, including ~550 engineers in Poland, upon the closing of the transaction.
The acquisition is expected to close in February 2023.
No financial details related to the acquisition were disclosed.
Source: Press Release