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Closing: Encora’s Acquisition of Softelligence Now Closed

Stratulat Albulescu Advises on Encora Acquisition of Softelligence

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On September 8, 2023, Stratulat Albulescu announced that Encora’s acquisition of Softelligence (reported by CEE Legal Matters on May 19, 2023) had closed a week earlier, on August 31, 2023.

According to Stratulat Albulescu, “the acquisition strengthens Encora's worldwide footprint and stands as proof of its dedication to providing state-of-the-art digital engineering solutions to clients across the globe. Following the completion, Softelligence will operate under the Encora brand.”

As previously reported, Stratulat Albulescu worked with Taylor Wessing to advise the US-based buyer on the acquisition.

"This acquisition marks Encora’s entry into the European market," Stratulat Albulescu had announced at the time of signing. "Softelligence will support Encora’s strategic expansion into Europe and bolster its capabilities to serve clients in new markets such as the UK, continental Europe, and beyond."

Headquartered in Scottsdale, Arizona, Encora is a product engineering provider. It provides services such as predictive analysis, machine learning, artificial intelligence, cloud, and test automation.

Founded in 2006, Softelligence offers software engineering services and digital solutions for banking, insurance, and other industries. The company has offices and delivery sites in Bucharest and Craiova in Romania and Skopje, North Macedonia.

The Stratulat Albulescu team was led by Managing Partner Silviu Stratulat and Partner Cristina Man and included Partners Ana Kusak and Andrei Albulescu and Associate Alexandru Lazar.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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