Accenture (NYSE: ACN) has agreed to acquire Ammagamma, an
Italy-based firm that helps companies advance their uses of AI and
generative AI technologies. The transaction is part of Accenture’s
investment of $3 billion to accelerate clients’ transformation
through the large-scale application of AI.
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Accenture has agreed to acquire
Ammagamma, an Italy-based firm that helps companies advance their
uses of AI and generative AI technologies. (Photo: Business
Wire)
Ammagamma has a multidisciplinary team consisting of 90
experienced AI professionals, many specializing in generative AI,
along with expertise that includes engineering, mathematics,
economics, historians, philosophers and designers. Founded in 2013,
with the aim of harnessing AI to improve the productivity and
performance of Italian businesses, it is already making a major
contribution to understanding the potential, implications and
impact of this technology. Ammagamma will join Accenture’s growing
network of AI professionals as part of its Advanced Center for AI
in Europe.
Headquartered in Modena, Ammagamma operates in a region that has
a decisive role to play in the country’s economic development,
hosting key supply chains serving the automotive and pharmaceutical
sectors. Since 2021, it has doubled its team of professionals and
increased revenue, working alongside leading companies in the
energy, insurance, banking, utilities and media sectors.
"We look forward to bringing Ammagamma on board with Accenture
as part of our drive to further accelerate our country’s economic
growth," said Mauro Macchi, president and CEO of Accenture Italy.
"AI technology plays a key role in enabling businesses to take a
distinctive approach to strengthening their digital core. Italian
organizations need to strategically invest in cloud, in the use of
data and in AI to boost market competitiveness and to help improve
the country’s technological capabilities. Ammagamma marks a crucial
investment in Italian excellence that will allow us to create a
specialist hub in Emilia-Romagna able to retain and attract talents
that Accenture will involve in the innovation projects of leading
Italian and international players."
“This is a proud moment of growth and advancement, but also of
recognition for the human-centric approach that has always
distinguished us and for our clear vision of artificial
intelligence as 'simple' applied mathematics, capable of bringing
positive impact to people, to businesses, and to society,” said
Fabio Ferrari, president of Ammagamma. “Becoming part of Accenture
is the best possible recognition for the pioneering path that we
have taken so far.”
The terms of the transaction have not been disclosed. Completion
of the acquisition is subject to customary closing conditions.
About Accenture
Accenture is a leading global professional services company that
helps the world’s leading businesses, governments and other
organizations build their digital core, optimize their operations,
accelerate revenue growth and enhance citizen services—creating
tangible value at speed and scale. We are a talent and innovation
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creating 360° value, enable us to help our clients succeed and
build trusted, lasting relationships. We measure our success by the
360° value we create for our clients, each other, our shareholders,
partners and communities. Visit us at www.accenture.com.
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Armando Barone Accenture +39 348 5608969
armando.barone@accenture.com
Accenture (NYSE:ACN)
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