Accenture has acquired Excelmax Technologies, a chip design company based in Bengaluru. This is Accenture’s first acquisition in India in the silicon design space. The financial details were not disclosed. This acquisition will boost Accenture’s silicon design and engineering capabilities.
Excelmax provides custom silicon solutions for consumer devices, data centers, artificial intelligence (AI), and edge AI deployments. Their clients are in the automotive, telecommunications, and high-tech industries.
Excelmax’s 450 engineers will join Accenture’s team. This is Accenture’s second acquisition in the semiconductor design space, following their 2022 purchase of XtremeEDA, a silicon design services company in Ottawa, Canada.
Mahesh Zurale, global lead of Advanced Technology Centres at Accenture, said, “This acquisition brings about 450 skilled silicon professionals to our team in India. With the growing demand for silicon solutions, India is becoming a key hub for chip design. Expanding our talent in design, verification, emulation, and firmware engineering will help us innovate faster for our clients worldwide.”
Excelmax, founded in 2019, offers semiconductor solutions from design to manufacturing. They bring expertise in areas like emulation, automotive, physical design, analog, logic design, and verification, which will help Accenture serve global clients better.
Accenture’s strategy includes growing through acquisitions. In FY24, they acquired 35 companies for a total of $5.2 billion. Karthik Narain, Accenture’s group chief executive for Technology, said, “With the rise of technologies like AI and connected products, we need more specialized chips. This acquisition enhances our silicon design capabilities from concept to production.”
Shekhar Patil, founder and CEO of Excelmax, said, “Joining Accenture allows us to stay at the forefront of innovation and provide new opportunities for our clients and team.”
The semiconductor market is seeing increased demand due to the growth of data centers, AI, edge computing, and consumer electronics. This is leading to more investments in chip design. Other recent deals in this space include Cognizant’s $1.3 billion acquisition of Belcan.
