Accenture acquired Bengaluru-based semiconductor design services provider Excelmax Technologies on Monday for an undisclosed amount.
Mahesh Zurale, Global Lead- Advanced Technology Centers Global Network at Accenture, stated that the acquisition of Excelmax Technologies will bring around 450 skilled silicon professionals to Accenture’s Advanced Technology Centers in India.
Accenture has acquired Excelmax Technologies to enhance its silicon design and engineering capabilities, as stated in a release. The financial details of the deal were not disclosed.
Excelmax provides custom silicon solutions used in consumer devices, data centres, artificial intelligence (AI) and computational platforms that enable edge AI deployments to clients in the automotive, telecom and high-tech industries.
About Excelmax Technologies
Excelmax Technologies, founded in 2019, specializes in semiconductor solutions ranging from design to detailed physical layout ready for manufacturing, along with full turnkey execution. The company’s expertise spans key areas such as emulation, automotive, physical design, analog, logic design, and verification.
The acquisition by Accenture, aimed at expanding silicon design engineering capabilities, responds to a surge in demand driven by the proliferation of data centers and the rising adoption of AI and edge computing. This trend is further fueled by increasing consumer demand for electronics, prompting new investments in chip design.
Also Watch: How GenAI Transforms Workplace Experience and Culture, Click Here
By integrating Excelmax’s capabilities, Accenture anticipates enhancing its ability to innovate in edge computing. The addition of approximately 450 skilled professionals from Excelmax strengthens Accenture’s workforce in critical domains, facilitating accelerated innovation in edge computing solutions for global clients.
The semiconductor market’s dynamics, shaped by robust demand for silicon design engineering, highlight the strategic value of Excelmax’s acquisition. Accenture’s move underscores its commitment to bolstering technological capabilities to meet evolving client needs in transformative technologies like AI and edge computing.
In summary, the acquisition positions Accenture to leverage Excelmax’s specialized skills and market presence effectively, fostering advancements in semiconductor design and reinforcing its role in driving innovation in edge computing solutions globally.
Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube, to get the latest news updates, Subscribe to our Channels. WhatsApp– Click Here, Google News– Click Here, YouTube – Click Here, and LinkedIn– Click Here.
