Encora to acquire Softelligence, expanding European presence in digital engineering
Encora, a leading global next-gen digital engineering provider headquartered in Scottsdale, Arizona, has announced its plans to acquire Softelligence, a prominent software engineering services provider based in Romania.
The financial details of the transaction were not disclosed. The acquisition is expected to enhance Encora’s presence in Europe and enable the company to expand its services into new markets.
Softelligence, under the leadership of its founder and CEO, Adrian Blidarus, specializes in delivering comprehensive software engineering services and digital solutions primarily for the banking and insurance industries. With offices and delivery sites in Bucharest and Craiova, Romania, as well as Skopje, Macedonia, the company empowers organizations in these sectors to accelerate their growth through data-driven strategies, employing advanced technologies such as automation, artificial intelligence, machine learning, and software engineering.
Upon the completion of the deal, Softelligence will continue to operate independently as a wholly owned subsidiary of Encora, retaining its existing leadership and staff. The agreement is subject to regulatory approval, and it is anticipated to be finalized in the middle of 2023. Following the closure, Softelligence will gradually transition its branding to align with the Encora brand.
Encora, led by CEO Anand Birje and Founder and Executive Chairman Venu Raghavan, offers a wide range of digital engineering services to its clients worldwide. Its service portfolio includes data science and engineering, generative AI, software product engineering, cloud services, DevOps, digital experience, quality engineering, and cybersecurity. The company boasts expertise in various specialized industries, such as HealthTech, FinTech, HiTech, IAM and Cybersecurity, Digital Commerce, Travel and Hospitality, Supply Chain and Logistics, Telecom, and others.
With a rapidly expanding global presence, Encora has been able to deliver nearshore services to clients across the Americas, Asia Pacific, Australia, and now Europe. With over 9,000 associates working in more than 50 offices and innovation labs throughout the United States, United Kingdom, Canada, Latin America, India, and Asia Pacific, Encora is well-positioned to provide exceptional digital engineering solutions to its diverse clientele.
The acquisition of Softelligence marks an important milestone for Encora as it seeks to strengthen its foothold in Europe and further enhance its capabilities to cater to clients in new markets. By leveraging Softelligence’s expertise and market knowledge, Encora aims to solidify its position as a leading global digital engineering provider and continue delivering innovative solutions to its expanding customer base.
About Encora: Encora is a Scottsdale, Arizona-based global next-gen digital engineering provider. The company offers a comprehensive range of digital engineering services, including data science and engineering, generative AI, software product engineering, cloud services, DevOps, digital experience, quality engineering, and cybersecurity. Encora serves various specialized industries and has a strong global presence with over 9,000 associates in 50+ offices and innovation labs across the U.S., U.K., Canada, Latin America, India, and Asia Pacific.
About Softelligence: Softelligence is a Romanian software engineering services provider that specializes in delivering software engineering services and digital solutions for the banking, insurance, and other industries. The company enables organizations in these sectors to accelerate data-driven growth through the implementation of advanced technologies such as automation, artificial intelligence, machine learning, and software engineering. Softelligence operates from offices and delivery sites in Bucharest and Craiova, Romania, and Skopje, Macedonia.
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