Adrian Blidăruș, President of Europe, Encora, talks about rapid progress in 2024 amidst strengthening global identity and organizational culture.
Bucharest, Romania, December 2024: Encora, a global provider of digital engineering services, recently celebrated its first year in the European market with around 40% growth year-over-year in 2024 and team expansions in Romania, the UK, and North Macedonia.
Encora entered the European market in the second half of 2023 through its acquisition of Softelligence, a Romanian software company co-founded in 2006 by Adrian Blidăruș, who now serves as Encora's President for Europe. With the combined regional and global strengths and talent from both companies, Encora Europe is a technology powerhouse helping clients accelerate their digital transformation journeys through a strong European presence accelerated by global delivery capabilities.
In 2024, Encora Europe projected close to 40% turnover growth, driven by an expanded portfolio of projects and clients. Insurance and financial services continued to be a strong revenue generator, with our 17+ years of experience and a strong portfolio of clients in Europe and the USA. In addition to regional objectives, Encora Europe is also spearheading the development of Encora’s global client portfolio within the insurance industry.
Collaboration with Encora teams in other regions, such as the USA, Latin America, Southeast Asia, and India, has further strengthened our offerings to clients in Europe and across the globe, with increased flexibility, access to specialized expertise, and the ability to rapidly scale operations across geographies at competitive costs. Over the past year, Encora has also significantly expanded its presence across all European hubs, including Bucharest, London, Skopje, and Craiova, as well as other cities in Romania, particularly in roles related to data engineering, data science, and software engineering.
Cultural integration has played a significant role in the successful transition from Softelligence to Encora, and the rapid growth that followed.
According to Adrian Blidăruș:
The transition was seamless because Encora’s organizational culture naturally aligned with, and accentuated the most important elements of Softelligence’s existing culture. Thanks to this successful integration, 2024 marked a significant milestone for Encora's growth in Europe, laying the foundation for new projects and partnerships. We are confident this direction will bring long-term benefits and ensure continued growth for Encora in Europe and globally.
Talking about the company’s plans for 2025, he added:
For 2025, we anticipate sustained turnover growth and an increase in employees across all our centers despite the relatively cautious economic climate. Through strategic investments in Data, Cloud, and AI, Encora is accelerating its clients' digital transformation journeys by providing them with innovative and tailored solutions to meet the specific needs of their industry.
About Encora
Headquartered in Santa Clara, California, and backed by private equity groups Advent International and Warburg Pincus, Encora is the preferred partner for innovation and technology modernization for leading companies worldwide. The company provides digital engineering services, IT consulting, and software solutions powered by Data, Cloud, and AI. Encora’s vertical expertise spans key industries, including financial services, banking and insurance, healthcare, logistics, energy, automotive, media, and technology.
With around 9,000 employees across more than 47 offices and delivery centers in Europe, the USA, Canada, Latin America, India, and Southeast Asia, Encora delivers specialized digital services to clients around the globe, enabling them to create added value through technology. For more information, visit www.encora.com.
