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Coforge plans to acquire Encora for $2 Billion; stock in focus. Coforge Ltd. is planning to acquire Encora in a transaction that has an aggregate value of $2 Billion, sources stated. This development comes ahead of the company's board meeting later today for considering a fund raise proposal. Following this meeting, the company will also convene an analyst meeting. At around 9.54 AM, Coforge was trading 0.89% lower at ₹1,722.30 per share against the previous close of ₹1,737.70 on NSE. The counter touched an intraday high and low of ₹1,744.70, and ₹1,711, respectively. Currently, private equity firm Advent International owns Encora. Advent acquired the stake in 2021. It bought the stake from Warburg Pincus at a valuation of approximately $1.5 Billion. Warburg helped the company scale its offshore delivery footprint and deepen its exposure to US enterprise clients during its earlier growth phase. Later it exited as the business matured into a global digital engineering platform. Encora is engaged in digital engineering and product development services. Its capabilities span across cloud-native applications, data engineering, platform modernisation, and enterprise software development. The company marks a robust presence in North America. In 2024, Coforge acquired Cigniti Technologies at a transaction value of ₹2,000 Crore. The company has completed that through QIP. * Coforge Ltd * Coforge Ltd news * Coforge Ltd share price * Coforge Ltd. Acquisition * Coforge Ltd. News Today * Coforge Ltd. Stock * Coforge Ltd. Updates

Coforge has announced the acquisition of technology services firm Encora in a share swap deal valued at $2.35 billion. The transaction will be financed through $1.89 billion in equity via preferential allotment and up to $550 million in bridge loans or qualified institutional placement to retire Encora's existing debt. Existing Encora shareholders will receive approximately 45% ownership in Coforge at Rs 1,815 per share. The acquisition aims to position Coforge as a leader in AI-led engineering, data and cloud services, with the combined entity projected to reach $2.5 billion in revenue by financial year 2027. Encora brings AI-native capabilities and a composable agentic platform called AIVA. The deal is expected to close within four to six months, subject to shareholder and regulatory approvals from authorities including the Reserve Bank of India.

Encora has earned Nine Microsoft Specializations. Encora Nine Microsoft Specializations and Microsoft Foundry Partner Council Membership Demonstrate Full-Stack Cloud Capabilities SANTA CLARA, Calif. - December 18, 2025 - Encora, a global digital engineering and technology services company, today announced it has earned nine Microsoft specializations, including eight Microsoft Azure specializations, a validation of a services partner's deep knowledge, extensive experience and proven success in enabling customer adoption of AI and implementing Azure solutions. Encora's nine specializations demonstrate validated expertise across Microsoft's Cloud & AI Platform such as Infrastructure & Modernization, Security, Data & Intelligence, and AI & Application Innovation. These validated capabilities enable Encora to help customers deploy AI solutions, modernize applications, and enhance developer efficiency across on-premises, multicloud, and edge environments. As the speed of business accelerates, organizations of every type and size are looking for ways to streamline processes and deliver simpler, faster, and smarter resources to help them keep up. Encora is a member of the Microsoft Foundry Partner Council, an invite-only group of partners working with Microsoft's product teams on developing best practices for Microsoft Foundry to enable enterprise-grade agentic AI, governance, and orchestration. "Achieving nine Microsoft specializations demonstrates our full-stack capability across the Microsoft Cloud. Enterprises need partners who can operate across infrastructure on Microsoft Azure, data unification with Microsoft Fabric, and productivity transformation with Microsoft 365 and Microsoft 365 Copilot - with security and governance embedded throughout. These specializations validate Encora's capability to deliver outcome-based AI transformation," said Andrew Greene, SVP, Head of Ecosystems & Partnerships at Encora. As an Enterprise Systems Integrator (ESI) partner, Encora provides clients with access to Microsoft's engineering teams and product roadmaps, enabling faster problem resolution and early access to platform capabilities. This supports the deployment of complex, multi-cloud, and AI-native solutions for clients across Financial Services, Healthcare, and Retail. Andrew Smith, General Manager, Partner Program Management at Microsoft added "Microsoft Azure specializations are attained by the partners who can be viewed as most capable when it comes to implementing solutions across Microsoft's Cloud & AI Platform. Encora clearly demonstrated that they have both the skills and the experience to enabling customer adoption of Infrastructure & Modernization, Security, Data & Intelligence, and AI & Application Innovation in Microsoft Azure specialization." About Encora. Encora is a global digital engineering company built for a new era of AI-powered businesses. Forged in Silicon Valley, Excellarate grew up serving digital natives who demanded speed, scale, and flawless experiences. Today, Excellarate bring that same DNA to enterprises worldwide, enabling speed and hyper-adaptability, moving them further along their quest to become more composable and agile. With two decades at the convergence of Cloud, Data, and AI, Excellarate help organizations move beyond rigid, legacy models to become composable enterprises, through adaptive systems designed to sense change and reconfigure in real time. More than 9,500 engineers, designers, and domain experts across the Americas, Europe, India, and Southeast Asia give Encora the ability to combine nearshore agility with global scale. Backed by Advent International and Warburg Pincus, Excellarate deliver innovation acceleration and modernization across industries, powered by Encora AIVA(TM), its orchestration platform for AI-native engineering. Excellarate believe the future won't be built by humans or machines alone, but by human creativity amplified by limitless machine intelligence. At Encora, that's how Excellarate help its clients build fast and adapt faster.