Coforge has signed definitive agreements to acquire Encora, an AI-native firm, in a transaction valued at approximately USD $2.35 billion, aimed at creating a tech powerhouse with anticipated revenues of USD $2 billion in AI, Cloud, and Data services.

Information on the Target

Coforge, a leading global tech services company, has entered into a definitive agreement to acquire Encora, a prominent AI-native firm based in Silicon Valley. Encora specializes in AI-driven engineering, offering a range of services to Fortune 1000 companies and digital-native businesses. The firm operates at the intersection of AI, Cloud, and Data, demonstrating capabilities in areas such as Intelligent Process Design, Agent-Native Product Engineering, Core Modernization, AI Foundations, Data Readiness, and AIOps. Encora is notable for launching one of the industry's first composable agentic AI platforms, AIVATM, and maintains strategic partnerships with major tech firms including AWS, Microsoft, Google, and Snowflake.

Industry Overview in the Target's Specific Country

The tech services industry in the United States continues to experience rapid growth, driven by increasing demand for innovative solutions in cloud computing, artificial intelligence, and data analytics. With a focus on digital transformation, companies are increasingly seeking partners that can support them through modern technology implementations. The strength of AI-native firms like Encora underscores the vital role of artificial intelligence in enabling businesses to enhance operational efficiency and customer engagement.

The US market is characterized by a diverse range of players, from innovative startups to established tech giants, each vying for dominance in areas such as cloud infrastructure and AI-