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

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⁠IT services ‌provider ‌Coforge said ‌on Friday it ​would ​acquire ‌US-based ‍Encora ‍from Advent International at ‌an ‍enterprise value ‍of $2.35 ⁠billion.

Image for Coforge to acquire US-based Encora in $2.35 billion deal
IT services ⁠provider Coforge said on Friday it would acquire U.S.-based ‌AI firm ‌Encora from private equity groups ‌Advent International and Warburg Pincus at an enterprise value of $2.35 billion.

The acquisition will give Coforge a stronger foothold in ‌the AI-led ‍services segment, the ‍company said, adding that the business ‌is likely to…



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


Synopsis

⁠IT services ‌provider ‌Coforge said ‌on Friday it ​would ​acquire ‌US-based ‍Encora ‍from Advent International at ‌an ‍enterprise value ‍of $2.35 ⁠billion.

Image for Coforge to acquire US-based Encora in $2.35 billion deal
IT services ⁠provider Coforge said on Friday it would acquire U.S.-based ‌AI firm ‌Encora from private equity groups ‌Advent International and Warburg Pincus at an enterprise value of $2.35 billion.

The acquisition will give Coforge a stronger foothold in ‌the AI-led ‍services segment, the ‍company said, adding that the business ‌is likely to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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