Coforge to Acquire US-based Encora for $2.35 Billion

Coforge has confirmed the acquisition of US-based AI-native firm Encora for an enterprise value of $2.35 billion. This strategic move aims to significantly enhance Coforge's AI-led engineering capabilities and expand its global presence. The deal, primarily an all-stock transaction, is expected to boost Coforge's revenue targets.

• Coforge acquires US-based Encora for $2.35 billion.
• Deal structured as share swap and $550 million fundraise.
• Acquisition to boost Coforge's AI-led engineering services.
• Expands Coforge's presence in US and Latin America markets.
• Combined entity aims for $2 billion revenue by FY27.
• Initial reports cited $2 billion, official value is $2.35 billion.

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