Update for investors of

COFORGE

is currently trading at Rs. 1689.55, up by 16.30 points or 0.97% from its previous closing of Rs. 1673.25 on the BSE. 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-- AIVA, and has deep partnerships with AWS, Microsoft, Google and Snowflake. Coforge’s acquisition of Encora will create a around $2.5 billion tech services powerhouse wherein AI-led engineering + Data + Cloud services alone are likely to deliver $2 billion revenue in FY27. AI led product engineering business is likely to be a $1.25 billion+ business, Cloud services around $500 million business, and Data engineering around $250 million+ 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 $170 million+ 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. Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.