June 30, 2022
Accenture Completes Acquisition of XtremeEDA to Amplify Silicon Design Features in Canada and US
TORONTO and AUSTIN; June 30, 2022 – Accenture (NYSE: ACN) has finished its acquisition of XtremeEDA, an Ottawa-headquartered silicon design products and services chief. Accenture had introduced its intent to procure XtremeEDA on June 27, 2022. Monetary phrases of the transaction weren’t disclosed.
XtremeEDA supplies semiconductor engineering products and services for purchasers throughout North The usa in search of customized silicon answers utilized in client gadgets, cloud information facilities, system studying and synthetic intelligence (AI) computational platforms to allow edge AI deployment.
The purchase provides roughly 40 skilled engineers and practitioners running throughout industries together with tool and platform, telecommunications, client merchandise, avionics and protection to Accenture Cloud First.
About Accenture
Accenture is a world skilled products and services corporate with main features in virtual, cloud and safety. Combining unequalled revel in and specialised talents throughout greater than 40 industries, we provide Technique and Consulting, Generation and Operations products and services and Accenture Tune — all powered through the arena’s greatest community of Complicated Generation and Clever Operations facilities. Our 710,000 other folks ship at the promise of era and human ingenuity each day, serving purchasers in additional than 120 international locations. We include the facility of exchange to create worth and shared good fortune for our purchasers, other folks, shareholders, companions, and communities. Consult with us at accenture.com.
Ahead-Taking a look Statements
Aside from for the historic data and discussions contained herein, statements on this information liberate would possibly represent forward-looking statements inside the which means of the Non-public Securities Litigation Reform Act of 1995. Phrases reminiscent of “would possibly,” “will,” “will have to,” “most probably,” “anticipates,” “expects,” “intends,” “plans,” “tasks,” “believes,” “estimates,” “located,” “outlook” and an identical expressions are used to spot those forward-looking statements. Those statements contain quite a few dangers, uncertainties and different elements that would purpose precise effects to vary materially from the ones expressed or implied. Those dangers come with, with out limitation, dangers that: the transaction would possibly now not reach the predicted advantages for Accenture; Accenture’s result of operations had been, and would possibly at some point be, adversely suffering from risky, unfavorable or unsure financial and political prerequisites, together with the invasion of Ukraine through Russia, the similar sanctions and different measures which were and proceed to be imposed in accordance with this struggle, in addition to the present inflationary surroundings, and the consequences of those prerequisites at the corporate’s purchasers’ companies and ranges of commercial job; Accenture faces prison, reputational and fiscal dangers from any failure to give protection to shopper and/or corporate information from safety incidents or cyberattacks; Accenture’s industry will depend on producing and keeping up ongoing, successful shopper call for for the corporate’s products and services and answers together with in the course of the adaptation and enlargement of its products and services and answers in accordance with ongoing adjustments in era and choices, and an important aid in such call for or an lack of ability to reply to the evolving technological surroundings may materially impact the corporate’s result of operations; if Accenture is not able to check other folks and abilities with shopper call for around the globe and draw in and retain pros with robust management talents, the corporate’s industry, the usage price of the corporate’s pros and the corporate’s result of operations could also be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s industry and operations, and the level to which it’s going to proceed to take action and its affect at the corporate’s long run monetary effects are unsure; the markets through which Accenture operates are extremely aggressive, and Accenture would possibly now not be capable to compete successfully; Accenture’s skill to draw and retain industry and workers would possibly rely on its recognition on the market; if Accenture does now not effectively arrange and increase its relationships with key alliance companions or fails to look forward to and determine new alliances in new applied sciences, the corporate’s result of operations might be adversely affected; Accenture’s profitability may materially undergo if the corporate is not able to acquire favorable pricing for its products and services and answers, if the corporate is not able to stay aggressive, if its cost-management methods are unsuccessful or if it stories supply inefficiencies or fail to fulfill positive agreed-upon objectives or particular provider ranges; adjustments in Accenture’s degree of taxes, in addition to audits, investigations and tax complaints, or adjustments in tax rules or of their interpretation or enforcement, may have a subject material opposed impact at the corporate’s efficient tax price, result of operations, money flows and fiscal situation; Accenture’s result of operations might be materially adversely suffering from fluctuations in foreign currencies trade charges; adjustments to accounting requirements or within the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements may adversely impact its monetary effects; Accenture may well be not able to get right of entry to further capital on favorable phrases or in any respect and if the corporate raises fairness capital, it’s going to dilute its shareholders’ possession hobby within the corporate; on account of Accenture’s geographically numerous operations and its enlargement method to proceed to amplify in its key markets around the globe, the corporate is extra prone to positive dangers; if Accenture is not able to regulate the organizational demanding situations related to its dimension, the corporate may well be not able to succeed in its industry targets; Accenture may not be a hit at obtaining, making an investment in or integrating companies, coming into into joint ventures or divesting companies; Accenture’s industry might be materially adversely affected if the corporate incurs prison legal responsibility; Accenture’s international operations divulge the corporate to a large number of and on occasion conflicting prison and regulatory necessities; Accenture’s paintings with executive purchasers exposes the corporate to further dangers inherent within the executive contracting surroundings; if Accenture is not able to give protection to or put in force its highbrow assets rights or if Accenture’s products and services or answers infringe upon the highbrow assets rights of others or the corporate loses its skill to make use of the highbrow assets of others, its industry might be adversely affected; Accenture’s result of operations and proportion worth might be adversely affected whether it is not able to handle efficient interior controls; Accenture could also be topic to grievance and unfavorable exposure associated with its incorporation in Eire; in addition to the dangers, uncertainties and different elements mentioned below the “Possibility Components” heading in Accenture percent’s most up-to-date Annual Record on Shape 10-Okay and different paperwork filed with or furnished to the Securities and Change Fee. Statements on this information liberate discuss most effective as of the date they have been made, and Accenture undertakes no responsibility to replace any forward-looking statements made on this information liberate or to adapt such statements to precise effects or adjustments in Accenture’s expectancies.
# # #
Contacts:
Mylissa Tsai
Accenture
+1 917 452 9729
mylissa.tsai@accenture.com
Stephanie Malcolm
Accenture
+1 416 641 3214
stephanie.malcolm@accenture.com
