Global IT services firm Accenture acquired Bengaluru-based Excelmax Technologies, a semiconductor design services firm, to bolster its growing silicon design and engineering capabilities. Financial details of the transaction 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, telecommunications and high-tech industries,” Accenture said in a statement on Monday.
Mahesh Zurale, global lead – Advanced Technology Centers Global Network, Accenture said that the acquisition will add about 450 highly skilled silicon professionals to the company’s Advanced Technology Centers in India.
The additional workforce will be in key areas of emulation, automotive, physical design, analog, logic design and verification, expanding its ability to help global clients accelerate edge computing innovation. The company currently employs around 750,200 people worldwide.
“With the global demand for silicon solutions on the rise, India is becoming a hotbed for chip design. Growing our skilled talent in the country across physical and RTL design, verification, emulation, and firmware engineering will help us expand our capabilities in the silicon design space and accelerate innovation for our worldwide clients,” Zurale said.
The Excelmax deal follows the acquisition of Canada’s XtremeEDA, a silicon design services firm, in 2022.
Accenture, the world’s largest IT services giant, has been on an acquisition spree. It spent $2.3 billion on a dozen acquisitions in the December quarter of last fiscal. This May, the company made five acquisitions, adding to four deals in April.
Accenture made 35 acquisitions worth $5.2 billion last fiscal, more than double compared to $2.5 billion in FY23.
“Accenture’s revenue growth guidance includes inorganic contribution approaching 3% in FY24E…Expect growth of 1.5–2.5% with inorganic contribution of 3% in FY24… It continues to invest in training and capabilities to focus on new demand and sees GenAI as a new growth area,” Nuvama said in a recent report.
The global semiconductor market is facing a surge in demand for silicon design engineering, fuelled by proliferation of data centres and increasing use of AI and edge computing. This is further propelled by a growing consumer appetite for electronics, driving new investments in the chip design space, according to Accenture.
“With the rapid evolution of new technologies like generative AI and the growth of connected products, more intricate, specialised chips with enhanced performance and efficiency are required. 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 — technology at Accenture.
Founded in 2019, Excelmax offers comprehensive semiconductor solutions from high-level design to detailed physical layout ready for manufacturing, and full turnkey execution.
“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. Joining Accenture enables us to remain at the forefront of innovation, providing new and exciting opportunities for both our clients and our people,” said Shekhar Patil, founder and CEO, Excelmax.
Source: Economic Times