Accenture to boost silicon design capabilities with Cientra acquisition
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- Accenture (NYSE:ACN) has acquired product solutions company Cientra to boost its silicon design capabilities.
- Financial terms of the deal were not disclosed.
- Founded in 2015, Cientra is a silicon design and engineering services company, headquartered in New Jersey, U.S., with offices in Germany and India.
- The firm brings consulting expertise in embedded IoT and application-specific integrated circuit design and verification capabilities, which will strengthen Accenture’s (ACN) silicon design experience and its ability to help clients accelerate semiconductor innovation required to support growing data computing needs.
- The acquisition will add approximately 530 experienced engineers and practitioners to Accenture’s advanced technology centers in India.
- This acquisition follows the addition of Excelmax Technologies, a Bangalore, India-based semiconductor design services provider, earlier this week, and XtremeEDA, an Ottawa, Canada-based silicon design services company, in 2022.
- It also marks the third acquisition announced by the IT firm this week.