A Cheshire coding firm that was founded above a Waitrose in Cheshire is to be bought to a US giant.
Wilmslow-based Mobica is to be acquired by IT services and consultancy Cognizant, which is headquartered in New Jersey, for an undisclosed sum.
Mobica was founded by in 2004 by Nick Stammers and Jon Clayton and now counts the likes of Google, Dyson, BMW, Vodafone, Facebook and Samsung among its clients.
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The company has been backed by private equity firm Inflexion since 2015 and employs almost 900 people across Europe and North America.
Mobica has previously won a Queen's Award for International Trade while it turned over £37.9m and made a pre-tax loss of £3.2m in 2021, its most recently available set of accounts.
The acquisition is expected to close in February.
Annadurai Elango, executive vice president of Cognizant's Core Technologies and Insights, said: "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.
"We believe combining Mobica's expertise with Cognizant's strong IoT and product engineering capabilities will result in enhanced digital transformation outcomes for global clients in the technology and automotive industries and beyond."
Mobica's CEO Sam Kingston added: "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."
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