Houlihan Lokey Advises Mobica

Houlihan Lokey is pleased to announce that Mobica, a portfolio company of Inflexion Private Equity Partners (Inflexion), has been acquired by Cognizant, a US-based, Nasdaq-listed business. Houlihan Lokey acted as the exclusive financial advisor to Mobica and Inflexion in a transaction that values Mobica at £250 million.

Mobica provides talent-as-a-service across the full software development cycle, with core competencies in the development, implementation, testing and deployment of embedded software, and a specialisation in clients' strategic internal research and development projects. The Manchester-based firm operates out of the UK, Europe, and the US and counts blue-chip clients among its customer base, including Google, Arm, Dyson, Meta, BMW, Samsung, and Vodafone.

Cognizant, which is one of the world’s leading professional services companies, helps clients to modernise technology, reimagine processes, and transform experiences so they can stay ahead in our fast-changing world. The acquisition significantly expands Cognizant's IoT-embedded software engineering capabilities and provides clients with a deeper and broader array of end-to-end support to enable digital transformation. Through this investment, Mobica has found an experienced partner with the expertise to support its ambitions during this next phase of growth.

Sam Kingston, CEO of Mobica said: "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."

Houlihan Lokey served as the exclusive financial advisor to Mobica and Inflexion, marketing and negotiating the transaction on their behalf. This deal highlights the team’s expertise and the continued success of Houlihan Lokey’s coverage in the digital engineering sector.