Accenture Declares Intent to Achieve XtremeEDA to Enlarge Silicon Design Functions in Canada and US

Accenture Declares Intent to Achieve XtremeEDA to Enlarge Silicon Design Functions in Canada and US

June 27, 2022

Accenture Declares Intent to Achieve XtremeEDA to Enlarge Silicon Design Functions in Canada and US 


  


Acquisition will bolster Accenture Cloud First’s edge computing features 

  


TORONTO and AUSTIN; June 27, 2022 – Accenture (NYSE: ACN) has entered into an settlement to obtain XtremeEDA, an Ottawa-based silicon design products and services chief. The corporate supplies semiconductor engineering products and services for purchasers in quest of customized silicon answers utilized in client units, cloud knowledge facilities, gadget studying and synthetic intelligence (AI) computational platforms to permit edge AI deployment. The phrases of the purchase weren’t disclosed. 


  


The purchase of XtremeEDA will amplify Accenture Cloud First’s features in edge computing to lend a hand purchasers make stronger how they set up and use bodily property at or close to the consumer and create new interactive, human stories.  


“We consider silicon engineering has huge attainable to lend a hand organizations discover new techniques to tell apart and personalize stories within the virtual global,” stated Karthik Narain, international lead of Accenture Cloud First. “Very good, fit-for-purpose silicon design interprets into real-time, seamless, obtainable and entirely user-centered stories. The XtremeEDA workforce’s experience will lend a hand us deliver extra specialised, high-performance and scalable compute features to our purchasers as they make the most of the ability of the Cloud Continuum to reinvent their enterprises.”   


  


Based in 2002, XtremeEDA is identified throughout North The us for its experience in virtual design verification, processor and device integration and {hardware} safety. XtremeEDA has an place of job in Ottawa and brings a workforce of roughly 40 skilled engineers and practitioners who serve North American purchasers throughout industries together with device and platform, telecommunications, client merchandise, avionics and protection. 


  


Amongst XtremeEDA’s core choices is virtual design verification the place skilled engineers ship complex verification products and services and answers together with reusable and scalable implementation. The corporate additionally gives processor and device integration products and services via implemented state-of-the artwork verification, functionality research and coherency checking out. In shut partnership with purchasers, XtremeEDA guarantees {hardware} merchandise are designed with the most productive applied sciences to safeguard towards an more and more complicated and evolving safety setting.  


  


“We welcome the addition of the XtremeEDA workforce to amplify our edge computing and silicon design features in North The us. XtremeEDA will lend a hand us scale what’s already probably the most complete edge features on the earth, growing new stories at the virtual core,” stated Jeffrey Russell, president of Accenture in Canada. “Through combining XtremeEDA’s robust and deep enjoy upfront silicon design with Accenture’s Cloud First features, we’re poised to ship extra price for purchasers in specialised {hardware}, allotted cloud, decentralized edge computing and sophisticated safety wishes.” 


  


“Becoming a member of Accenture will permit us to proceed the challenge we began two decades in the past: to be a strategic spouse for purchasers and to have international achieve,” stated Claude Cloutier, CEO, XtremeEDA. “It’s a milestone second to deliver our workforce’s enjoy to Accenture’s end-to-end silicon engineering products and services. We’re excited for the adventure forward, one that can open better alternatives for our purchasers and other folks.” 


  


Since 2020, XtremeEDA is the 5th trade that Accenture Canada will gain. Contemporary acquisitions come with: 


 

  • In September 2021, Accenture got Gevity, a method and consulting group all for serving to healthcare trade purchasers turn out to be their companies via leading edge era answers founded in Victoria.  
  • In July 2021, Accenture got Cloudworks, a number one Oracle Cloud provider supplier founded in Toronto.  
  • In 2020, Accenture got Avenai, some other Ottawa consultancy all for public provider organizations, and Callisto Integration, an Oakville, Ontario, supplier of consulting and era products and services in virtual production in meals and beverage, chemical compounds, utilities and different industries. 

About Accenture 


Accenture is an international skilled products and services corporate with main features in virtual, cloud and safety. Combining unrivaled enjoy and specialised abilities throughout greater than 40 industries, we provide Technique and Consulting, Generation and Operations products and services and Accenture Music — all powered by means of the sector’s greatest community of Complicated Generation and Clever Operations facilities. Our 710,000 other folks ship at the promise of era and human ingenuity on a daily basis, serving purchasers in additional than 120 nations. We include the ability of alternate to create price and shared luck for our purchasers, other folks, shareholders, companions and communities. Discuss with us at accenture.com. 


 


Ahead-Taking a look Statements 


With the exception of for the ancient knowledge and discussions contained herein, statements on this information free up might represent forward-looking statements inside the which means of the Non-public Securities Litigation Reform Act of 1995. Phrases equivalent to “might,” “will,” “will have to,” “most likely,” “anticipates,” “expects,” “intends,” “plans,” “tasks,” “believes,” “estimates,” “situated,” “outlook” and identical expressions are used to spot those forward-looking statements. Those statements contain various dangers, uncertainties and different components that might purpose exact effects to range materially from the ones expressed or implied. Those dangers come with, with out limitation, dangers that: Accenture and XtremeEDA will be unable to near the transaction within the period of time expected, or in any respect, which relies at the events’ skill to fulfill positive final stipulations; the transaction may no longer reach the expected advantages for Accenture; Accenture’s result of operations were, and might at some point be, adversely suffering from risky, destructive or unsure financial and political stipulations, together with the invasion of Ukraine by means of Russia, the similar sanctions and different measures which were and proceed to be imposed in accordance with this battle, in addition to the present inflationary setting, and the consequences of those stipulations at the corporate’s purchasers’ companies and ranges of industrial process; Accenture faces felony, reputational and monetary dangers from any failure to offer protection to consumer and/or corporate knowledge from safety incidents or cyberattacks; Accenture’s trade is determined by producing and keeping up ongoing, successful consumer call for for the corporate’s products and services and answers together with during the adaptation and growth of its products and services and answers in accordance with ongoing adjustments in era and choices, and a vital relief in such call for or an lack of ability to reply to the evolving technological setting may materially impact the corporate’s result of operations; if Accenture is not able to check other folks and talents with consumer call for all over the world and draw in and retain execs with robust management abilities, the corporate’s trade, the usage fee of the corporate’s execs and the corporate’s result of operations could also be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s trade and operations, and the level to which it’s going to proceed to take action and its have an effect on at the corporate’s long run monetary effects are unsure; the markets during which Accenture operates are extremely aggressive, and Accenture may no longer have the ability to compete successfully; Accenture’s skill to draw and retain trade and staff might rely on its recognition on the market; if Accenture does no longer effectively set up and broaden its relationships with key alliance companions or fails to watch for and determine new alliances in new applied sciences, the corporate’s result of operations might be adversely affected; Accenture’s profitability may materially endure if the corporate is not able to procure 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 stage of taxes, in addition to audits, investigations and tax court cases, or adjustments in tax rules or of their interpretation or enforcement, will have a subject matter hostile impact at the corporate’s efficient tax fee, result of operations, money flows and monetary situation; Accenture’s result of operations might be materially adversely suffering from fluctuations in foreign currency echange change 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 admission to further capital on favorable phrases or in any respect and if the corporate raises fairness capital, it should dilute its shareholders’ possession passion within the corporate; on account of Accenture’s geographically various operations and its expansion option to proceed to amplify in its key markets all over the world, the corporate is extra liable to positive dangers; if Accenture is not able to control the organizational demanding situations related to its dimension, the corporate may well be not able to reach its trade goals; Accenture will not be a success at obtaining, making an investment in or integrating companies, coming into into joint ventures or divesting companies; Accenture’s trade might be materially adversely affected if the corporate incurs felony legal responsibility; Accenture’s international operations reveal the corporate to a lot of and once in a while conflicting felony and regulatory necessities; Accenture’s paintings with executive purchasers exposes the corporate to further dangers inherent within the executive contracting setting; if Accenture is not able to offer protection to or put in force its highbrow belongings rights or if Accenture’s products and services or answers infringe upon the highbrow belongings rights of others or the corporate loses its skill to make use of the highbrow belongings of others, its trade might be adversely affected; Accenture’s result of operations and percentage worth might be adversely affected whether it is not able to care for efficient interior controls; Accenture could also be topic to grievance and destructive exposure associated with its incorporation in Eire; in addition to the dangers, uncertainties and different components mentioned underneath the “Possibility Elements” heading in Accenture %’s most up-to-date Annual File on Shape 10-Okay and different paperwork filed with or furnished to the Securities and Trade Fee. Statements on this information free up talk best as of the date they had been made, and Accenture undertakes no responsibility to replace any forward-looking statements made on this information free up or to adapt such statements to exact effects or adjustments in Accenture’s expectancies. 

 


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Contacts: 


 


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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