Acquisition will bolster Accenture Cloud
First's edge computing capabilities
TORONTO and AUSTIN,
Texas, June 27, 2022 /CNW/ - Accenture (NYSE:
ACN) has entered into an agreement to acquire XtremeEDA, an
Ottawa-based silicon design
services leader. The company provides semiconductor engineering
services for clients seeking custom silicon solutions used in
consumer devices, cloud data centers, machine learning and
artificial intelligence (AI) computational platforms to enable edge
AI deployment. The terms of the acquisition were not
disclosed.
The acquisition of XtremeEDA will expand Accenture Cloud
First's capabilities in edge computing to help clients improve
how they manage and use physical assets at or near the user and
create new interactive, human experiences.
"We believe silicon engineering has enormous potential to help
organizations uncover new ways to differentiate and personalize
experiences in the digital world," said Karthik Narain, global lead of Accenture Cloud
First. "Excellent, fit-for-purpose silicon design translates into
real-time, seamless, accessible and completely user-centered
experiences. The XtremeEDA team's expertise will help us bring more
specialized, high-performance and scalable compute capabilities to
our clients as they utilize the power of the Cloud Continuum to
reinvent their enterprises."
Founded in 2002, XtremeEDA is recognized across North America for its expertise in digital
design verification, processor and system integration and hardware
security. XtremeEDA has an office in Ottawa and brings a team of approximately 40
experienced engineers and practitioners who serve North American
clients across industries including software and platform,
telecommunications, consumer products, avionics and
defense.
Among XtremeEDA's core offerings is digital design verification
where experienced engineers deliver advanced verification services
and solutions including reusable and scalable implementation. The
company also offers processor and system integration services
through applied state-of-the art verification, performance analysis
and coherency testing. In close partnership with clients, XtremeEDA
ensures hardware products are designed with the best technologies
to safeguard against an increasingly complex and evolving security
environment.
"We welcome the addition of the XtremeEDA team to expand our
edge computing and silicon design capabilities in North America. XtremeEDA will help us scale
what is already one of the most comprehensive edge capabilities in
the world, creating new experiences on the digital core," said
Jeffrey Russell, president of
Accenture in Canada. "By combining
XtremeEDA's strong and deep experience in advance silicon design
with Accenture's Cloud First capabilities, we are poised to deliver
more value for clients in specialized hardware, distributed cloud,
decentralized edge computing and complex security needs."
"Joining Accenture will enable us to continue the mission we
started 20 years ago: to be a strategic partner for clients and to
have global reach," said Claude
Cloutier, CEO, XtremeEDA. "It's a milestone moment to bring
our team's experience to Accenture's end-to-end silicon engineering
services. We are excited for the journey ahead, one that will open
greater opportunities for our clients and people."
Since 2020, XtremeEDA is the fifth business that Accenture
Canada will acquire. Recent acquisitions include:
- In September 2021, Accenture
acquired Gevity, a strategy and consulting organization focused on
helping healthcare industry clients transform their businesses
through innovative technology solutions based in Victoria.
- In July 2021, Accenture acquired
Cloudworks, a leading Oracle Cloud service provider based in
Toronto.
- In 2020, Accenture acquired Avenai, another Ottawa consultancy focused on public service
organizations, and Callisto Integration, an Oakville, Ontario, provider of consulting and
technology services in digital manufacturing in food and beverage,
chemicals, utilities and other industries.
About Accenture
Accenture is a global professional services company with leading
capabilities in digital, cloud and security. Combining unmatched
experience and specialized skills across more than 40 industries,
we offer Strategy and Consulting, Technology and Operations
services and Accenture Song — all powered by the world's largest
network of Advanced Technology and Intelligent Operations centers.
Our 710,000 people deliver on the promise of technology and human
ingenuity every day, serving clients in more than 120 countries. We
embrace the power of change to create value and shared success for
our clients, people, shareholders, partners and communities. Visit
us at accenture.com.
Forward-Looking Statements
Except for the historical information and discussions contained
herein, statements in this news release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "may,"
"will," "should," "likely," "anticipates," "expects," "intends,"
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XtremeEDA will not be able to close the transaction in the
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SOURCE Accenture