Encora Closes The Acquisition Of Romanian Software Engineering Services Company, Softelligence
Sep 06, 2023•almost 2 years ago
Acquiring Company
Encora
Acquired Company
Softelligence
Santa ClaraCyber SecurityMachine LearningArtificial IntelligenceInformation TechnologyArtificial IntelligenceFinancial ServicesFintechMachine LearningDescription
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.
DealWatch™ Score
78
High M&A Activity
M&A Opportunity Analysis
Get personalized insights on M&A opportunities
M&A Insights
Based on deal dataIntegration 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