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Encora Announces The Acquisition Of Excellarate, Strengthening Its Capabilities In Healthtech, Fintech And Insurtech

Jan 26, 2023•almost 3 years ago

Acquiring Company

Encora

Acquired Company

Excellarate

Santa ClaraCyber SecurityMachine LearningArtificial IntelligenceInformation TechnologyHealth CareInformation TechnologySoftware

Description

Encora, a global next-gen product engineering provider, today announced that it has acquired Excellarate, a global technology solutions and services company. The acquisition enhances Encora's capabilities in AI, Analytics and Automation, and deepens Encora's industry expertise in HealthTech, FinTech and InsurTech. With Excellarate's 1,300+ engineers, Encora expands its global talent pool to over 9,000 engineers.

Company Information

Company

Encora

Location

Santa Clara, California, United States

About

Encora is the preferred technology modernization and innovation partner to some of the world's leading enterprise companies. It provides award-winning digital engineering services including Product Engineering & Development, Cloud Services, Quality Engineering, DevSecOps, Data & Analytics, Digital Experience, Cybersecurity, and AI & LLM Engineering. Encora's deep cluster vertical capabilities extend across diverse industries, including HiTech, Healthcare & Life Sciences, Retail & CPG, Energy & Utilities, Banking, Financial Services & Insurance, Travel, Hospitality & Logistics, Telecom & Media, Automotive, and other specialized industries. 

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed