In a move set to significantly enhance its global footprint, Encora, a leading digital engineering services company, has announced the completion of its acquisition of Softelligence, an accomplished Romanian software engineering firm. This crucial acquisition introduces Encora’s pioneering technology services to the European market, consolidating its influential presence worldwide.
Encora’s Strategic Acquisition of Softelligence
Initially announced in May 2023, Encora’s acquisition sets a pathway for the Arizona-based company’s expansion into Europe. Softelligence, known for its significant contribution in providing valuable digital engineering services to leading banks and insurers in Europe, will help Encora penetrate new markets. The transfer of Softelligence’s expertise aligns perfectly with Encora’s vision to strengthen its standing as a leading global engineering solutions provider.
Implications for Encora’s Expansion into Europe
Through this acquisition, Encora establishes its first delivery centers in Bucharest, Craiova, and Skopje. Moreover, this expansion not only represents Encora’s strategic foray into Europe but also enhances the company’s capability to deliver nearshore services to clients across the Americas, Asia, Australia, and now Europe. Ultimately, the addition of Softelligence to the Encora family opens doors to serve clients in new markets effectively.
Transforming Softelligence under the Encora Brand
Effective from the acquisition’s closure, Softelligence will now operate under the Encora brand. This amalgamation indicates a flourishing partnership between the companies. Adrian Blidarus, the founder and CEO of Softelligence, portrayed optimism for this new journey. He anticipates that partnering with Encora will bolster their resources, improve their capabilities, and drive innovative solutions for their European clientele and beyond.
The acquisition of Softelligence by Encora symbolizes an era of growth and expansion for the global tech leader. Enriched by the added depth of Softelligence’s team and expertise, Encora proves once again its unwavering commitment to provide superior digital engineering services worldwide. The industry eagerly awaits the innovations this union will bring to the digital world.
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