Advising Encora on its acquisition of Softelligence

We have advised Encora, a global Next-Gen product engineering provider on signing a definitive agreement for the acquisition of Softelligence, a Romanian software engineering services provider to establish Encora's first delivery centres in Europe. 

Headquartered in Scottsdale, Arizona and backed by renowned private equity firms Advent International and Warburg Pincus, Encora is the preferred innovation partner to some of the world’s leading technology companies. It provides next-gen services such as Predictive Analysis, Machine Learning, Artificial Intelligence, IoT, Cloud, and Test Automation. 

The strategic expansion bolsters Encora's capabilities to deliver nearshore services to clients in Europe as well as the Americas, Asia Pacific and Australia. The transaction is subject to customary regulatory approval and is expected to close in mid-2023.

The Taylor Wessing team was led by partners Siobhán Langwade and Philip Shepherd and associate Bella Thornton-Clark in the Corporate Technology and Life Sciences team. Further support was provided by: 

Corporate Technology and Life Sciences
Senior counsel Richard Faichney, associate Harry Ruffell and trainees Benjamin Eaves and Alice Matthews

Employment, Pensions and Mobility
Partners Paul Callaghan and Anna Taylor, senior counsel Fiona Dalrymple, senior associate Afshan Mallik 

Financial Services and Competition
Partner Paolo Palmigiano and senior associate Elisabetta Rotondo

Tax and Incentives
Partners Ann Casey and Graham Samuel-Gibbon and associate Joe Fallon