Accenture Announces Intent to Acquire XtremeEDA to Expand Silicon Design Capabilities in Canada and US

Acquisition Will Bolster Accenture Cloud First’s Edge Computing Capabilities

Accenture (NYSE: ACN) has entered into an agreement to acquire XtremeEDA, an Ottawa-based silicon design services leader. The company provides semiconductor engineering services for clients seeking custom silicon solutions used in consumer devices, cloud data centers, machine learning and artificial intelligence (AI) computational platforms to enable edge AI deployment. The terms of the acquisition were not disclosed.

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Accenture has entered into an agreement to acquire XtremeEDA, an Ottawa-based silicon design services leader. (Photo: Business Wire)

The acquisition of XtremeEDA will expand Accenture Cloud First’s capabilities in edge computing to help clients improve how they manage and use physical assets at or near the user and create new interactive, human experiences.

“We believe silicon engineering has enormous potential to help organizations uncover new ways to differentiate and personalize experiences in the digital world,” said Karthik Narain, global lead of Accenture Cloud First. “Excellent, fit-for-purpose silicon design translates into real-time, seamless, accessible and completely user-centered experiences. The XtremeEDA team’s expertise will help us bring more specialized, high-performance and scalable compute capabilities to our clients as they utilize the power of the Cloud Continuum to reinvent their enterprises.”

Founded in 2002, XtremeEDA is recognized across North America for its expertise in digital design verification, processor and system integration and hardware security. XtremeEDA has an office in Ottawa and brings a team of approximately 40 experienced engineers and practitioners who serve North American clients across industries including software and platform, telecommunications, consumer products, avionics and defense.

Among XtremeEDA’s core offerings is digital design verification where experienced engineers deliver advanced verification services and solutions including reusable and scalable implementation. The company also offers processor and system integration services through applied state-of-the art verification, performance analysis and coherency testing. In close partnership with clients, XtremeEDA ensures hardware products are designed with the best technologies to safeguard against an increasingly complex and evolving security environment.

“We welcome the addition of the XtremeEDA team to expand our edge computing and silicon design capabilities in North America. XtremeEDA will help us scale what is already one of the most comprehensive edge capabilities in the world, creating new experiences on the digital core,” said Jeffrey Russell, president of Accenture in Canada. “By combining XtremeEDA’s strong and deep experience in advance silicon design with Accenture’s Cloud First capabilities, we are poised to deliver more value for clients in specialized hardware, distributed cloud, decentralized edge computing and complex security needs.”

“Joining Accenture will enable us to continue the mission we started 20 years ago: to be a strategic partner for clients and to have global reach,” said Claude Cloutier, CEO, XtremeEDA. “It’s a milestone moment to bring our team’s experience to Accenture’s end-to-end silicon engineering services. We are excited for the journey ahead, one that will open greater opportunities for our clients and people.”

Since 2020, XtremeEDA is the fifth business that Accenture Canada will acquire. Recent acquisitions include:

• In September 2021, Accenture acquired Gevity, a strategy and consulting organization focused on helping healthcare industry clients transform their businesses through innovative technology solutions based in Victoria.
• In July 2021, Accenture acquired Cloudworks, a leading Oracle Cloud service provider based in Toronto.
• In 2020, Accenture acquired Avenai, another Ottawa consultancy focused on public service organizations, and Callisto Integration, an Oakville, Ontario, provider of consulting and technology services in digital manufacturing in food and beverage, chemicals, utilities and other industries.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. 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