STARTUP/TECHNOLOGY
Coforge Closes Encora Acquisition; Drops QIP Plan, Raises $550 Mn Loan
Coforge, an AI-native engineering services company, has announced the successful closure of the Encora acquisition. The firm also shared that it has cancelled all plans of doing a QIP to support the purchase since it has secured a $550 million three-year loan at a 4.6% fixed interest rate. The repayment terms warrant the first payment […]
CW Bureau
·
Apr 23, 2026
STARTUP/TECHNOLOGY
Coforge Receives Full Regulatory Clearances For Encora Acquisition
Coforge, an AI-native engineering services leader, has announced that all regulatory approvals and statutory clearances across multiple jurisdictions for the acquisition of Encora have been secured. Coforge had, on December 26, 2025, announced its intent to acquire Encora to create a $2.5 billion AI-native technology services firm, anchored by a $2 billion core in data, […]
CW Bureau
·
Apr 13, 2026
STARTUP/TECHNOLOGY
Coforge Bags $158 Mn Deal From UK Client, Widens Europe Network
Coforge has secured a $158 million five-year contract from a UK-based client, signalling its growing presence in the European market and underlining sustained demand for AI-led digital transformation services. The engagement, which will commence in April 2026, is expected to generate evenly distributed revenue over the contract period. The company also anticipates meaningful expansion of […]
CW Bureau
·
Feb 25, 2026
