Accenture Proclaims Intent to Purchase XtremeEDA to Broaden Silicon Design Capabilities in Canada and US

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 settlement to accumulate XtremeEDA, an Ottawa-based silicon design providers chief. The corporate supplies semiconductor engineering providers for purchasers searching for customized silicon options utilized in client units, cloud information facilities, machine studying and synthetic intelligence (AI) computational platforms to allow edge AI deployment. The phrases of the acquisition weren’t disclosed.

The acquisition of XtremeEDA will develop Accenture Cloud First’s capabilities in edge computing to assist purchasers enhance how they handle and use bodily belongings at or close to the consumer and create new interactive, human experiences.

“We imagine silicon engineering has huge potential to assist organizations uncover new methods to distinguish and personalize experiences within the digital world,” mentioned Karthik Narain, international lead of Accenture Cloud First. “Wonderful, fit-for-purpose silicon design interprets into real-time, seamless, accessible and fully user-centered experiences. The XtremeEDA crew’s experience will assist us deliver extra specialised, high-performance and scalable compute capabilities to our purchasers as they make the most of the ability of the Cloud Continuum to reinvent their enterprises.”

Based in 2002, XtremeEDA is acknowledged throughout North America for its experience in digital design verification, processor and system integration and {hardware} safety. XtremeEDA has an workplace in Ottawa and brings a crew of roughly 40 skilled engineers and practitioners who serve North American purchasers throughout industries together with software program and platform, telecommunications, client merchandise, avionics and protection.

Amongst XtremeEDA’s core choices is digital design verification the place skilled engineers ship superior verification providers and options together with reusable and scalable implementation. The corporate additionally affords processor and system integration providers by utilized state-of-the artwork verification, efficiency evaluation and coherency testing. In shut partnership with purchasers, XtremeEDA ensures {hardware} merchandise are designed with the very best applied sciences to safeguard in opposition to an more and more complicated and evolving safety setting.

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“We welcome the addition of the XtremeEDA crew to develop our edge computing and silicon design capabilities in North America. XtremeEDA will assist us scale what’s already some of the complete edge capabilities on this planet, creating new experiences on the digital core,” mentioned Jeffrey Russell, president of Accenture in Canada. “By combining XtremeEDA’s sturdy and deep expertise prematurely silicon design with Accenture’s Cloud First capabilities, we’re poised to ship extra worth for purchasers in specialised {hardware}, distributed cloud, decentralized edge computing and complicated safety wants.”

“Becoming a member of Accenture will allow us to proceed the mission we began 20 years in the past: to be a strategic associate for purchasers and to have international attain,” mentioned Claude Cloutier, CEO, XtremeEDA. “It is a milestone second to deliver our crew’s expertise to Accenture’s end-to-end silicon engineering providers. We’re excited for the journey forward, one that may open higher alternatives for our purchasers and other people.”

Since 2020, XtremeEDA is the fifth enterprise that Accenture Canada will purchase. Current acquisitions embrace:

• In September 2021, Accenture acquired Gevity, a technique and consulting group targeted on serving to healthcare business purchasers rework their companies by modern know-how options based mostly in Victoria.

• In July 2021, Accenture acquired Cloudworks, a number one Oracle Cloud service supplier based mostly in Toronto.

• In 2020, Accenture acquired Avenai, one other Ottawa consultancy targeted on public service organizations, and Callisto Integration, an Oakville, Ontario, supplier of consulting and know-how providers in digital manufacturing in meals and beverage, chemical substances, utilities and different industries.

About Accenture

Accenture is a worldwide skilled providers firm with main capabilities in digital, cloud and safety. Combining unmatched expertise and specialised expertise throughout greater than 40 industries, we provide Technique and Consulting, Expertise and Operations providers and Accenture Music — all powered by the world’s largest community of Superior Expertise and Clever Operations facilities. Our 710,000 folks ship on the promise of know-how and human ingenuity daily, serving purchasers in additional than 120 international locations. We embrace the ability of change to create worth and shared success for our purchasers, folks, shareholders, companions and communities. Go to us at accenture.com.

Ahead-Trying Statements

Apart from the historic info and discussions contained herein, statements on this information launch could represent forward-looking statements throughout the that means of the Personal Securities Litigation Reform Act of 1995. Phrases resembling “could,” “will,” “ought to,” “seemingly,” “anticipates,” “expects,” “intends,” “plans,” “tasks,” “believes,” “estimates,” “positioned,” “outlook” and related expressions are used to establish these forward-looking statements. These statements contain a lot of dangers, uncertainties and different elements that might trigger precise outcomes to vary materially from these expressed or implied. These dangers embrace, with out limitation, dangers that: Accenture and XtremeEDA will be unable to shut the transaction within the time interval anticipated, or in any respect, which depends on the events’ capacity to fulfill sure closing situations; the transaction won’t obtain the anticipated advantages for Accenture; Accenture’s outcomes of operations have been, and should sooner or later be, adversely affected by unstable, destructive or unsure financial and political situations, together with the invasion of Ukraine by Russia, the associated sanctions and different measures which were and proceed to be imposed in response to this battle, in addition to the present inflationary setting, and the results of those situations on the corporate’s purchasers’ companies and ranges of enterprise exercise; Accenture faces authorized, reputational and monetary dangers from any failure to guard consumer and/or firm information from safety incidents or cyberattacks; Accenture’s enterprise depends upon producing and sustaining ongoing, worthwhile consumer demand for the corporate’s providers and options together with by the variation and enlargement of its providers and options in response to ongoing adjustments in know-how and choices, and a big discount in such demand or an incapacity to reply to the evolving technological setting may materially have an effect on the corporate’s outcomes of operations; 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SOURCE Accenture

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