Coforge to acquire US-based Encora in $2.35 billion deal

CHENNAI: IT services provider Coforge Ltd (formerly NIIT Technologies Ltd,) on Friday announced that it will acquire US-based technology firm Encora from private equity major Advent International in a deal valued at an enterprise value of $2.35 billion, marking one of the largest overseas acquisitions by an Indian mid-tier IT company.

The acquisition is expected to significantly expand Coforge’s presence in the North American market and strengthen its capabilities in digital engineering, cloud services and data-led solutions.