Acquisition History / Coforge Ltd / Encora Inc
Coforge Ltd Acquires Encora Inc
Announced December 2025 — $2.35B
What happened
Coforge agreed to acquire AI-focused technology services firm Encora at an enterprise value of $2.35 billion, paying entirely in its own stock by issuing roughly 93.8 million new shares. Encora's private equity owners Advent International and Warburg Pincus ended up with about 20% of Coforge. The deal closed in April 2026.
- Acquirer
- Coforge Ltd
- Target
- Encora Inc
- Announced
- December 2025
- Price
- $2.35B
- Industry
- IT and AI engineering services
- Buyer type
- Strategic acquirer
- Backing investors
- Advent International (seller), Warburg Pincus (seller)
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Coforge Ltd acquire Encora Inc?
Coforge Ltd acquired Encora Inc on December 2025. This was Coforge Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Coforge Ltd pay for Encora Inc?
Coforge Ltd paid $2.35B for Encora Inc.
What does Encora Inc do?
Coforge agreed to acquire AI-focused technology services firm Encora at an enterprise value of $2.35 billion, paying entirely in its own stock by issuing roughly 93.8 million new shares. Encora's private equity owners Advent International and Warburg Pincus ended up with about 20% of Coforge. The deal closed in April 2026.
What other IT and AI engineering services companies has Coforge Ltd acquired?
Encora Inc is Coforge Ltd's only publicly tracked acquisition in IT and AI engineering services so far.