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

Indian IT services provider Coforge said on Friday it would acquire artificial intelligence firm Encora at an enterprise value of $2.35 billion to ‌boost its in-house ‌AI capabilities and expand its presence in the U.S. and Latin America.

Indian IT firms are exploring funding ‌projects related to AI technology, potentially opening up a significant new revenue stream as the buzz around the field grows.