Coforge today announced that it has signed definitive agreements to acquire Encora, an AI‑native firm born in the Silicon Valley with deep strengths across AI‑driven engineering underlaid by Cloud and Data. The transaction is subject to customary closing conditions and regulatory approvals.Encora is one of the select tech services firms founded with an AI‑native DNA providing engineering services to Fortune 1000 enterprises and digital-native companies. The firm operates at the convergence of AI, Cloud and Data, with capabilities spanning Intelligent Process Design, Agent‑Native Product Engineering, Core Modernization, AI Foundation, Data Readiness, and AIOps. Encora has built one of the industry`s first composable agentic AI platforms � AIVATM, and has deep partnerships with AWS, Microsoft, Google and Snowflake. Coforge` s acquisition of Encora will create a ~US$2.5Bn tech services powerhouse wherein AI-led engineering + Data + Cloud services alone are likely to deliver US$2Bn revenue in FY`27. AI led product engineering business is likely to be a US$1.25 Bn+ business, Cloud services a ~US$500Mn business, and Data engineering a ~US$250Mn+ business for the firm.Furthermore, Hi-Tech and Healthcare industry verticals of Coforge are expected to reach material scale immediately post-acquisition. They will both individually operate at an annualized US$170Mn+ revenue run rate. The acquisition will reposition Coforge as a player with scaled near-shore delivery capability in LATAM with an exceptional engineering and AI Talent base of 3100+ SMEs servicing US Clients. It will significantly expand the West and Mid-West US client footprint of Coforge, which pre-acquisition contributed only 25% to its US Geo revenues. The combined firm will have forty-five US$10Mn+, highly scalable relationships. Given its exceptional track record of making acquisitions successful, Coforge believes that it will materially and expeditiously scale up these client relationships. Encora`s FY26E revenue is US$600Mn with an Adjusted EBITDA margin of ~19%.Coforge will acquire the business from Advent, Warburg Pincus and other minority shareholders for an Enterprise Value of US$2.35Bn. The transaction will be funded through a preferential allotment of equity shares representing an equity value of approximately US$1.89Bn, pursuant to which Encora shareholders will hold approximately 20% of the expanded share capital of Coforge upon completion of the transaction. The combined business is expected to operate at an EBIT margin of 14% and the acquisition is expected to be EPS accretive in FY27. �The Encora acquisition is a defining moment for our organization. It establishes a scaled AI-led engineering capability moat for the firm underpinned by capabilities to help create enterprise data cores and cloud foundations purpose built for AI. The new US$2.5Bn firm, with a US$2Bn enterprise core of AI-led Engineering, Data and Cloud services, will set the benchmark on making the promise of AI real for enterprises. Over the last eight years Coforge has delivered industry leading growth on the back of its execution excellence, hyperspecialized industry expertise and a perfect track record of making every acquisition very successful. With this augmented enterprise AI led engineering core we believe that our growth will get further accelerated and move to an even higher orbit.� said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge. Powered by Capital Market - Live News

The board of Coforge at its meeting held on 26 December 2025 has approved the execution of a share subscription and share purchase agreement (SSPA) by the Company with Encora US Holdco, Inc. and Encora Holdings (Cayman) (Target Companies), Encora Holdco (UK) and AI Altius Parent (Cayman) (Investors), in relation to acquisition of the Target Companies` shares from the Investors (Proposed Acquisition), in a share swap arrangement with the Company, whereby 9,37,96,508 fully paid up equity shares of the Company having face value of Rs 2 each shall be created, issued, offered and allotted to the Investors at a price of Rs 1,815.91/- per equity share (which includes a premium of Rs 1813.91) (Issue Price), aggregating up to a consideration of Rs 17,032.60 crore, in accordance with the SSPA.The board approved the issuance of equity shares of the Company on a preferential basis pursuant to a share swap arrangement. The board also approved increase in authorised share capital from Rs 77 crore to Rs 102 crore. Further, the board approved raising of funds by way of issuance of such number of equity shares having face value of Rs 2 each of the Company (equity shares) and / or other eligible securities or any combination thereof (hereinafter referred to as �Securities�), for an aggregate amount not exceeding USD 550 Mn or an equivalent amount thereof by way of qualified institutional placement (QIP) or other permissible modes in accordance with the applicable laws. The Board considered and granted the approval for the increase in limits under section 186 of the Companies Act, 2013 for the purpose of: (i) acquiring shares of the Target Companies pursuant to a share swap arrangement for a consideration of Rs 17,032.60 crore ; and (ii) providing guarantees for a bridge loan of up to USD 550 Mn in a Company`s overseas subsidiary (if required). Powered by Capital Market - Live News

Coforge will hold a meeting of the Board of Directors of the Company on 26 December 2025.Powered by Capital Market - Live News

Coforge announced the launch of Coforge Data Cosmos, an AIenabled, cloud-native data engineering and advanced analytics platform designed to help enterprises transform fragmented data landscapes into intelligent, high-performing data ecosystems. Enhancing Coforge`s technology stack, Data Cosmos introduces a foundational innovation platform that powers cloud-native, domain-specific solutions built using standard, reusable technology blueprints including Coforge`s own IP, accelerators, agentic components, and domain-aligned solutions. The platform is engineered to tackle real-world challenges such as data fragmentation, legacy systems modernization, high maintenance costs, limited self service analytics, lack of unified governance, manual operations, and the complexity of GenAI adoption. At its core, Coforge Data Cosmos is structured around five strategic technology solution portfolios - Supernova, Nebula, Hypernova, Pulsar, and Quasar that guide enterprises across the full data transformation lifecycle. Supernova accelerates modernization and migration from legacy to cloud; Nebula delivers modern data management in Data Governance, Metadata & DQ Management, leveraging GenAI & Agentic Systems. Hypernova powers next-generation cloud native data platforms; Pulsar enables agentic, autonomous, always-on DataOps & MLOps. Quasar accelerates GenAI adoption within enterprise data ecosystems by enabling LLMs via Model Garden and orchestrating Ai workflows at scale via Quasar Platform. To further increase speed-to-value, Coforge has built the Data Cosmos Toolkit, a powerful suite of 55+ IPs and accelerators and 38 AI Agents powered by the Data Cosmos Engine. This toolkit enables enterprises to move faster with AI-enabled utilities and frameworks, scaling transformation with speed, reliability, and measurable impact.Data Cosmos also powers Galaxy solutions, pre-built and custom-developed domain solutions tailored for specific industries. These Galaxy solutions combine industry-specific data models with the Data Cosmos toolkit and the five technology blueprints to solve vertical-specific challenges, enabling faster transformation and smarter decision-making. Coforge currently brings these solutions to key sectors including BFS, Insurance, Travel, Transportation & Hospitality, Healthcare, Public Sector, and Retail. Powered by Capital Market - Live News

Coforge will hold a meeting of the Board of Directors of the Company on 22 January 2026.Powered by Capital Market - Live News