Accenture Completes Acquisition of XtremeEDA to Expand Silicon Design Capabilities in Canada and US & More News Here

TORONTO & AUSTIN–(BUSINESS WIRE)–Accenture (NYSE: ACN) has accomplished its acquisition of XtremeEDA, an Ottawa-headquartered silicon design companies chief. Accenture had introduced its intent to purchase XtremeEDA on June 27, 2022. Financial phrases of the transaction weren’t disclosed.

XtremeEDA supplies semiconductor engineering companies for purchasers throughout North America searching for customized silicon options used in client units, cloud knowledge facilities, machine studying and synthetic intelligence (AI) computational platforms to allow edge AI deployment.

The acquisition provides roughly 40 skilled engineers and practitioners working throughout industries together with software program and platform, telecommunications, client merchandise, avionics and protection to Accenture Cloud First.

About Accenture

Accenture is a world skilled companies firm with main capabilities in digital, cloud and safety. Combining unmatched expertise and specialised abilities throughout greater than 40 industries, we provide Strategy and Consulting, Technology and Operations companies and Accenture Song — all powered by the world’s largest community of Advanced Technology and Intelligent Operations facilities. Our 710,000 folks ship on the promise of expertise and human ingenuity each day, serving purchasers in greater than 120 nations. We embrace the ability of change to create worth and shared success for our purchasers, folks, shareholders, companions, and communities. Visit us at accenture.com.

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if Accenture is unable to match folks and abilities with shopper demand around the globe and appeal to and retain professionals with sturdy management abilities, the corporate’s enterprise, the utilization charge of the corporate’s professionals and the corporate’s outcomes of operations could also be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s enterprise and operations, and the extent to which it can proceed to accomplish that and its influence on the corporate’s future monetary outcomes are unsure; the markets in which Accenture operates are extremely aggressive, and Accenture may not have the option to compete successfully; Accenture’s capacity to appeal to and retain enterprise and workers might rely on its status in {the marketplace}; if Accenture doesn’t efficiently handle and develop its relationships with key alliance companions or fails to anticipate and set up new alliances in new applied sciences, the corporate’s outcomes of operations might be adversely affected; 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Accenture may be unable to entry further capital on favorable phrases or in any respect and if the corporate raises fairness capital, it might dilute its shareholders’ possession curiosity in the corporate; in consequence of Accenture’s geographically numerous operations and its progress technique to proceed to increase in its key markets around the globe, the corporate is extra inclined to sure dangers; if Accenture is unable to handle the organizational challenges related to its dimension, the corporate may be unable to obtain its enterprise goals; Accenture may not achieve success at buying, investing in or integrating companies, coming into into joint ventures or divesting companies; Accenture’s enterprise might be materially adversely affected if the corporate incurs authorized legal responsibility; Accenture’s international operations expose the corporate to quite a few and typically conflicting authorized and regulatory necessities; Accenture’s work with authorities purchasers exposes the corporate to further dangers inherent in the federal government contracting surroundings; 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Statements in this information launch converse solely as of the date they have been made, and Accenture undertakes no obligation to replace any forward-looking statements made in this information launch or to conform such statements to precise outcomes or adjustments in Accenture’s expectations.

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