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Encora Closes The Acquisition Of Romanian Software Engineering Services Company, Softelligence

PRIVATESep 06, 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 services company, today announced that it has closed the acquisition of Softelligence, a Romanian software engineering services provider. The acquisition, originally announced on May 16, 2023, establishes Encora's first delivery centers in Europe and further enhances the company's ability to deliver nearshore services to clients in the Americas, Asia, Australia and now Europe.

Quick answer

Encora is acquiring Softelligence, announced September 6, 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 September 6, 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 September 6, 2023. Encora, a global next-gen digital engineering services company, today announced that it has closed the acquisition of Softelligence, a Romanian software engineering services provider. 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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