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Encora Announces The Acquisition Of Softelligence, Establishing First European Delivery Capabilities

PRIVATEMay 16, 2023

Acquiring Company

Encora

Acquired Company

Softelligence

Santa ClaraInformation TechnologyArtificial IntelligenceCyber SecurityMachine LearningEnvironmental ConsultingFinancial ServicesArtificial IntelligenceFintechMachine Learning

Description

Encora, a global next-gen digital engineering provider, today announced that it has signed a definitive agreement to acquire Softelligence, a Romanian software engineering services provider, to establish Encora's first delivery centers in Europe. Encora's growing global presence enables the company to deliver nearshore services to clients in the Americas, Asia Pacific, Australia and now Europe as well.

Quick answer

Encora is acquiring Softelligence, announced May 16, 2023. Encora is based in Santa Clara, California, United States.

How much did Encora pay for Softelligence?
The deal value was not disclosed.
What does Encora do?
Encora is the preferred technology modernization and innovation partner to some of the world's leading enterprise companies.
Where are Encora and Softelligence based?
Encora is based in Santa Clara, California, United States.
Who are the decision-makers at Encora?
Fundz holds 3 contacts at Encora. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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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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Frequently asked

Who acquired Softelligence?

Softelligence was acquired by Encora, based in Santa Clara. The deal was reported on May 16, 2023. Encora is the preferred technology modernization and innovation partner to some of the world's leading enterprise companies. Encora is privately held and operates in Information Technology.

When did Encora acquire Softelligence?

Encora's acquisition of Softelligence was reported on May 16, 2023. Encora, a global next-gen digital engineering provider, today announced that it has signed a definitive agreement to acquire Softelligence, a Romanian software engineering services provider, to establish Encora's first delivery centers in Europe. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Softelligence do?

Softelligence enables organizations in Financial Services to accelerate growth with next generation InsurTech through Automation, AI and Machine Learning. It is privately held, operating in Financial Services.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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