Encora expands European market with Softelligence acquisition

Softelligence boasts offices in Bucharest, Craiova, and Skopje, specialising in delivering software engineering services to insurance and banking industries. With over 300 employees and a stellar track record, Softelligence is recognised for providing high-quality software solutions.

Encora, that specialises in product engineering, operates offices in the US, Latin America, India, and Asia, with a workforce of over 9,000 professionals. The company offers engineering services encompassing software development, testing, and maintenance.

The acquisition of Softelligence by Encora opens remarkable opportunities for both parties. Encora will expand its global presence and capabilities by gaining a solid foothold in the European market; additionally benefiting from Softelligence’s expertise in the insurance and banking sectors.

Simultaneously, the acquisition marks a positive milestone for Softelligence. The company will now access Encora’s global resources and expertise, propelling its growth and expansion. Softelligence employees will benefit from a diverse project range and collaborative engineering teams.

This acquisition represents a significant development in the global software engineering industry – reflecting the increasing importance of the European market and underscores the strength and capabilities of the Romanian software engineering sector.

Key leaders from both companies expressed their enthusiasm about the acquisition:

Adrian Blidarus, CEO of Softelligence, stated: “This acquisition is a great opportunity for Softelligence to grow and expand our business. We are excited to join the Encora team and work together to deliver innovative solutions to our customers.”