Encora Announces the Acquisition of Excellarate, Strengthening Its Capabilities in HealthTech, FinTech and InsurTech

 Encora, a global next-gen product engineering provider, announced that it has acquired Excellarate, a global technology solutions and services company. The acquisition enhances Encora’s capabilities in AI, Analytics and Automation, and deepens Encora’s industry expertise in HealthTech, FinTech and InsurTech. With Excellarate’s 1,300+ engineers, Encora expands its global talent pool to over 9,000 engineers.

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“Excellarate has a long history serving a wide range of fast-growing clients in HealthTech, FinTech and InsurTech and we are thrilled to welcome them to the Encora family,” said Venu Raghavan, Founder and CEO, Encora. “Nick Sharma and his team will provide valuable expertise and capabilities to strengthen our customer offerings and further our mission of becoming the leading global engineering solutions provider.”

“Excellarate is honored to join a company with a reputation for delivering high-quality, industry leading digital solutions to customers in many different high-growth industries around the world,” said Nick Sharma, CEO, Excellarate. “Venu, the leadership team, and all those we have met at Encora have welcomed us with open arms. We see this acquisition as a tremendous fit culturally, and feel that our capabilities will provide critical value to Encora’s current and future customers.”

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“Frontenac is proud to have collaborated with the Excellarate team, supporting its exceptional growth over the last three years,” said Joseph Rondinelli, Managing Director of Frontenac. “The company is well-positioned for continued growth in this dynamic market, and we look forward to following its progress and accomplishments in the future under new ownership and leadership from Encora.”

Over the last few years, Encora has expanded its global delivery footprint through a combination of organic and inorganic growth. Acquisitions of Daitain, Avantica, Nearsoft, and Söoryen Technologies, have added significant technical expertise and geographical coverage in Latin America and India. Encora is certified as a Great Place to Work in India as well as in all six Latin American countries where Encora has business operations. Including Excellarate employees, 90% of Encorians work in a country where Encora is a Great Place to Work.

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