We are happy to announce the closing of the Softelligence acquisition by Encora, where we had the opportunity to support Encora across the finish line. The deal was signed in March 2023 and was subject to customary regulatory approvals.
The acquisition strengthens Encora's worldwide footprint and stands as proof of its dedication to providing state-of-the-art digital engineering solutions to clients across the globe. Following the completion, Softelligence will operate under the Encora brand.
Founded in 2006, Softelligence (www.softelligence.net) offers a comprehensive array of software engineering services and digital solutions for banking, insurance and other industries. Through its offices and delivery sites in Bucharest and Craiova (Romania) and in Skopje (Macedonia), Softelligence enables organizations in the Insurance and Banking industries to accelerate data-driven growth with next generation InsurTech, automation, AI, machine learning and software engineering.
Headquartered in Arizona, United States of America, Encora (www.encora.com) is an established leader in software and digital engineering services, specializing in innovation acceleration for leading edge technology companies. Encora has over 9,000 associates in 48 offices and innovation labs across across the U.S., Europe, Latin America, India and Asia Pacific.
The SAA team advising on the Romanian law elements of the transaction was led by Managing Partner Silviu Stratulat and Partner Cristina Man and included Partners Ana Kusak (Competition), Andrei Albulescu (Employment) and Associates Alina Pirvoi (Corporate/M&A) and Alexandru Lazar (Intellectual Property).
For any other information on this, please feel free to contact Delia Bijnea (Head of Marketing and Communications) at DBijnea@saa.ro.