Encora
Encora is an AI-native product engineering services firm that delivers AI-led software, data, and cloud-native engineering to enterprise clients in HealthTech, FinTech, and InsurTech via near-shore delivery centers in Latin America and US operations.
- Company typePrivate
- Founded2003
- HeadquartersScottsdale, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Encora does
Encora (legal name Encora US Holdco, Inc.) is a US-domiciled AI-native product engineering services provider founded in 2003 and headquartered in Scottsdale, with offices in Silicon Valley and a near-shore delivery footprint centered on Latin America. The company provides AI-led engineering, digital product engineering, data engineering, and cloud-native architecture services to enterprise clients in highly regulated industries, with stated primary verticals in HealthTech, FinTech, and InsurTech, and supplementary activity in Hi-Tech and Healthcare. Its proprietary AIVA platform underpins AI-led delivery, and it maintains technology partnerships with AWS, Microsoft, Google, and Snowflake while contributing to the StarlingX distributed cloud project via the OpenInfra Foundation.
The company's revenue model is professional services for engineering talent, sold through a direct enterprise field-sales motion and delivered through near-shore delivery centers across Latin America plus US operations; selected enterprise anchors include a $1.56 billion contract with Sabre Corp for travel technology services and a partnership with Howden delivering the Cyber+ cyber-insurance platform across 36 countries. Encora employs 9,000+ engineers globally with 3,100 engineers reported in near-shore delivery centers, supported by a vertical-led segmentation approach and a 19% adjusted EBITDA margin at the time of acquisition.
Encora was a PE-backed platform under Warburg Pincus and Advent International from 2019 through 2026, scaling through successive acquisitions of Avantica Technologies (2019), Daitan Group (2021), Excellarate (2023), Softelligence (2023), and DMI's business capabilities portfolio (2025). In April 2026, Coforge acquired Encora for approximately $2.35 billion in a deal funded through debt and a share-swap, with financial consolidation effective May 1, 2026 and projected cost synergies of 20-25%.
Encora firmographics
Firmographics- Name
- Encora
- Legal name
- Encora US Holdco, Inc.
- Website
- https://encora.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Acquired
- Headcount range
- 5,001–10,000 employees
- Short description
- Encora is an AI-native product engineering services firm that delivers AI-led software, data, and cloud-native engineering to enterprise clients in HealthTech, FinTech, and InsurTech via near-shore delivery centers in Latin America and US operations.
- Ownership category
- akta.pro rank
Encora industry classification
Industry- Product category
- Product Engineering Services
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Data Engineering, Integration & ETL/ELT Services (BPAEAHAB)
- akta.pro secondary industry
- Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)
Keywords
Where Encora is headquartered
LocationHeadquarters
- HQ city
- Scottsdale
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Encora business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Product Engineering Services: Technology solutions and product engineering services for highly regulated industries including HealthTech, FinTech, and InsurTech, providing AI, Analytics, and Automation capabilities
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Encora product offering
Product offeringCore offering
Encora is a global product engineering and digital transformation services provider that delivers AI-led software engineering, cloud-native application development, data engineering, and platform engineering to enterprise clients. It operates nearshore delivery centers in Latin America and the United States, pairing more than 9,000 engineers with its proprietary AIVA AI platform to build, modernize, and run software for customers in HealthTech, FinTech, InsurTech, Hi-Tech, and Healthcare.
Product overview
Encora is an AI-native global product engineering services provider that operates as a unified platform combining AI-led engineering, data engineering, and cloud-native architecture services. The company serves highly regulated industries including HealthTech, FinTech, and InsurTech, delivering solutions through a network of near-shore delivery centers across Latin America and the US.
Differentiator
Problem solved
Functional benefit
Brands
- Cyber+: Digital cyber insurance platform serving 36 countries and 24 industries, generating $6.8 million in gross written premium
- AIVA
Products and services
- AI-Led Engineering Services An engineering service that uses generative and agentic AI, paired with Encora's proprietary AIVA platform, to build, modernize, and accelerate software products for enterprise clients. Targeted at enterprise product, platform, and engineering leaders seeking AI-native delivery.
- Digital Product Engineering End-to-end digital product engineering service covering design, build, and modernization of software products and platforms for enterprise customers in HealthTech, FinTech, InsurTech, Hi-Tech, and Healthcare.
- Cloud-Native Architecture & Microservices Engineering service focused on cloud-native architecture, microservices, and cloud migration for enterprises modernizing legacy systems and platforms.
- Data & Analytics Engineering Engineering service that designs and builds data platforms, pipelines, and analytics solutions to enable data-driven operations and AI capabilities for enterprise clients.
- Intelligent Automation Services Engineering service delivering intelligent automation, DevOps, and operational efficiency capabilities to enterprise clients across business functions.
- Digital Experience Engineering Engineering service that designs and develops user experience, customer-facing digital channels, and product experiences for enterprise clients.
Quantifiable outcome
- 600+ policies sold generating $6.8 million in gross written premium for Howden's Cyber+ platform
- +1 more outcomes
Companies that use Encora
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles2 records
Encora technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature1 record
Encora partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- HowdencoreEncora partnered with Howden to deliver technology implementation services for Cyber+, a digital cyber insurance platform designed for small and mid-sized enterprises. Since its February 2024 launch, Cyber+ has sold over 600 policies generating $6.8 million in gross written premium across 36 countries.
- AWS, Microsoft, Google, SnowflakecoreTechnology partnerships with major cloud platforms including AWS, Microsoft, Google, and Snowflake as part of AI-led engineering and cloud services delivery.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Encora competitors and assessment
Company assessmentDirect peers
- Globant: Globant is a LATAM-headquartered digital and cognitive transformation services firm with near-shore delivery to North America, competing head-to-head with Encora in AI-led engineering and digital product development for regulated enterprises.
- Endava: Endava operates near-shore delivery centers in LATAM and Eastern Europe providing digital product engineering and agile transformation services, closely matching Encora's delivery model and target customer base.
- Thoughtworks: Thoughtworks is a global technology consultancy specializing in digital product engineering, AI, and data platforms. It overlaps directly with Encora's engineering services, especially in regulated industries and cloud-native modernization.
- Softtek: Softtek is a Mexico-based IT services firm with near-shore delivery to the US, offering digital engineering, cloud, and managed services. It is a regional peer competing for similar North American enterprise work.
- Slalom: Slalom is a US-based consulting firm combining strategy, technology, and engineering services across regulated verticals. It competes with Encora on digital transformation engagements for HealthTech, FinTech, and InsurTech clients.
Broad incumbents
- Cognizant: Cognizant is a global IT services leader with deep presence in regulated industries (healthcare, financial services, insurance). It overlaps with Encora across digital engineering and AI services but at far greater scale.
- Infosys: Infosys is a global IT services and consulting firm with significant practices in digital engineering, cloud, and AI. It is a broad competitor in Encora's target verticals but offers a wider portfolio including legacy systems work.
- Accenture: Accenture is the largest global IT and consulting firm with extensive AI, cloud, and industry-specific engineering practices. It is a broad incumbent competing for the same regulated-enterprise digital transformation budgets as Encora.
- Tata Consultancy Services: TCS is one of the largest global IT services providers with deep regulated-industry expertise and significant AI-led engineering capabilities. It competes with Encora in the same enterprise RFPs at greater scale.
- Capgemini: Capgemini provides digital engineering, cloud, and AI services globally with strong regulated-industry practices in financial services and insurance. It competes broadly with Encora but operates at significantly larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Encora social profiles
Digital presenceEncora financial estimates
Financial estimateRevenue estimate
Valuation estimate
Encora leadership team
Management profileNumber of profiles
Profiles6 records
Encora subsidiaries and ownership
Company hierarchySubsidiaries2 records
Encora funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Encora M&A and investment
M&A and investmentM&A5 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Encora
What does Encora do?
Encora is a global product engineering and digital transformation services provider that delivers AI-led software engineering, cloud-native application development, data engineering, and platform engineering to enterprise clients. It operates nearshore delivery centers in Latin America and the United States, pairing more than 9,000 engineers with its proprietary AIVA AI platform to build, modernize, and run software for customers in HealthTech, FinTech, InsurTech, Hi-Tech, and Healthcare.
Is Encora a public or private company?
Encora is a private company. It is classified as corporate owned and is currently acquired.
When was Encora founded?
Encora was founded in 2003. It employs 5,001 to 10,000 people.
Where is Encora based?
Encora is headquartered in Scottsdale, United States, in the North America region.
How does Encora make money?
One revenue line is on record: product Engineering Services.
Who are Encora's main competitors?
Direct peers on record are Globant, Endava, Thoughtworks, Softtek and Slalom. Broad incumbents are Cognizant, Infosys, Accenture, Tata Consultancy Services and Capgemini.
Does Encora have an API?
No public API is recorded for Encora.
What industry is Encora in?
Encora's product category is Product Engineering Services. Its primary akta.pro industry code is BPAEAHAB, Data Engineering, Integration & ETL/ELT Services, with a secondary code of FSAGAGAE, Data, Analytics & AI for Insurance (Risk, Pricing, Personalization). Its NAICS code is 5182 and its SIC code is 7370.