India, Dec. 27 -- Indian IT services provider Coforge on Friday announced that it has signed definitive agreements to acquire Encora, a Silicon Valley-based AI-native firm with deep expertise in AI-driven engineering, cloud, and data services.

The transaction is subject to customary closing conditions and regulatory approvals, Coforge said.

Following the acquisition, the combined entity is expected to generate a US$2.5 billion revenue footprint, with AI-led engineering, data, and cloud services alone projected to deliver US$2 billion in FY27. The breakdown includes:

AI-led product engineering: US$1.25B+

Cloud services: ~US$500M

Data engineering: ~US$250M+

Coforge's Hi-Tech and Healthcare verticals are expected to reach an annualized...