Cognizant, an American multinational information technology services and consulting company, completed the acquisition of Mobica, an IoT software engineering services provider headquartered in Manchester, from Inflexion, a mid-market private equity firm, for £250m. "Mobica has built a reputation for world-class IoT embedded software engineering expertise across the entire technology stack, from chip to cloud. 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," Sam Kingston, Mobica CEO.