Cognizant to acquire Mobica to enhance IoT service offerings

Mobica is an IoT software engineering services provider with services that span the entire software development cycle and core competencies in the development, implementation, testing, and deployment of embedded software.

Cognizant has agreed to acquire Mobica.Cognizant’s IoT-embedded software engineering capabilities are significantly enhanced by the acquisition, as is the range of end-to-end support for digital transformation offered to customers.

A rapidly expanding segment of the IoT and engineering markets is embedded software engineering.Product engineering spending worldwide is expected to rise from $83 billion in 2021 to $164 billion in 2026, according to IDC, a market intelligence firm.