According to Stratulat Albulescu, “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.”
As previously reported, Stratulat Albulescu worked with Taylor Wessing to advise the US-based buyer on the acquisition.
"This acquisition marks Encora’s entry into the European market," Stratulat Albulescu had announced at the time of signing. "Softelligence will support Encora’s strategic expansion into Europe and bolster its capabilities to serve clients in new markets such as the UK, continental Europe, and beyond."
Headquartered in Scottsdale, Arizona, Encora is a product engineering provider. It provides services such as predictive analysis, machine learning, artificial intelligence, cloud, and test automation.
Founded in 2006, Softelligence offers software engineering services and digital solutions for banking, insurance, and other industries. The company has offices and delivery sites in Bucharest and Craiova in Romania and Skopje, North Macedonia.
The Stratulat Albulescu team was led by Managing Partner Silviu Stratulat and Partner Cristina Man and included Partners Ana Kusak and Andrei Albulescu and Associate Alexandru Lazar.