Acquisition Will Bolster Accenture Cloud
First’s Edge Computing Capabilities
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.
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Accenture has entered into an agreement
to acquire XtremeEDA, an Ottawa-based silicon design services
leader. (Photo: Business Wire)
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
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across more than 40 industries, we offer Strategy and Consulting,
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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
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meaning of the Private Securities Litigation Reform Act of 1995.
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version on businesswire.com: https://www.businesswire.com/news/home/20220624005493/en/
Mylissa Tsai Accenture +1 917 452 9729
mylissa.tsai@accenture.com
Stephanie Malcolm Accenture +1 416 641 3214
stephanie.malcolm@accenture.com
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