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Stratulat Albulescu Advises on Encora Acquisition of Softelligence

Stratulat Albulescu Advises on Encora Acquisition of Softelligence

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Stratulat Albulescu, working with Taylor Wessing, has advised US-based product engineering provider Encora on its acquisition of Romanian software engineering services provider Softelligence.

Closing is expected in mid-2023, pending regulatory approval.

"This acquisition marks Encora’s entry into the European market," Stratulat Albulescu informed. "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.

Stratulat Albulescu was unable to disclose further information on the deal.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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