Advent to acquire Encora for $1.5 billion

Mumbai: Advent International is all set to acquire Encora, an Indian origin IT services firm, from Warburg Pincus for $1.5 billion as global private equity capital continues to actively buy companies and capitalise on the growing digitisation and cloud migration of businesses world over, multiple persons familiar with the deal said.Founded in 2005, Encora is a product engineering services player that provides outsourced software product