IT services firm Coforge announced its acquisition of AI firm Encora for USD 2.35 billion in an all-stock transaction. This move aims to significantly bolster Coforge's AI capabilities, creating a tech services powerhouse with projected revenues of USD 2.5 billion. The acquisition is expected to enhance Coforge's offerings in AI-led engineering, data cores, and cloud foundations, particularly benefiting its Hi-Tech and Healthcare industry verticals.