Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Feb. 3, 12:09 PM
| This Slide: #66 of 100 |
Slide #66. Cognizant — Mobica
Acquirer:
Cognizant (NASDAQ:CTSH)
Acquiree:
Mobica
Details:
Cognizant has entered into an agreement to acquire Mobica, an IoT software engineering services provider headquartered in Manchester, United Kingdom. Mobica's services span the full software development cycle, with core competencies in development, implementation, testing and deployment of embedded software, and a specialization in clients' strategic internal research and development projects.
Cognizant Technology Solutions is a services company, engineering business for the digital era. Co.'s services include digital services and solutions, consulting, application services, systems integration, infrastructure services and business process services. Additionally, Co. develops, licenses, implements and supports proprietary and third-party software products and platforms. Co.'s services and solutions are organized into two practice areas: Digital Business and Technology, which helps clients build enterprises that apply cloud, data, software, and Internet of Things; and Digital Business Operations, which helps clients build and run operating models.
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Avg. Broker Rec.
  
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Hold (1.82 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: CTSH Stock Forecast Based on Zacks ABR data; powered by Xignite |
