Accenture acquires Bengaluru-based Excelmax Technologies
The acquisition of Excelmax Technologies is expected to enhance Accenture's silicon design and engineering capabilities, the company said in a statement.
Global technology company Accenture has acquired Bengaluru-headquartered semiconductor design services company Excelmax Technologies for an undisclosed value.
In a statement, Accenture said the acquisition will enhance its silicon design and engineering capabilities.
Founded in 2019, Excelmax provides custom silicon solutions for consumer devices, data centres, artificial intelligence (AI) and computational platforms that enable edge AI deployments, to automotive, telecommunications and high-tech industries clients.
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“Our acquisition of Excelmax enhances our expertise across every aspect of silicon design and development—from concept to production—so we can help our clients fuel innovation and drive growth,” said Karthik Narain, Group Chief Executive of Technology at Accenture.
The semiconductor market is experiencing a surge in demand for silicon design engineering, driven by the proliferation of data centres and the increasing use of AI and edge computing, according to Accenture. This is further propelled by the growing consumer appetite for electronics, which is driving new investments in the chip design space.
The acquisition of Excelmax will bring around 450 employees under Accenture's wings with expertise in areas of emulation, automotive, physical design, analogue, logic design, and verification.
“Our focus has always been on developing the best talent to deliver tailor-made solutions for our global clients that help them build and maintain competitive advantage,” said Shekhar Patil, Founder and CEO, Excelmax Technologies.
This acquisition follows the addition of XtremeEDA, a Canada-based silicon design services company, in 2022.
Edited by Jyoti Narayan