SASI served as exclusive financial advisor to XtremeEDA and worked closely with the senior management team as they navigated through the M&A process. SASI played a critical role in the deal negotiations, valuation analysis, structure of the transaction and final drafting of the purchase agreement and related funds flow. Keys to success included understanding the culture and values of ExtremeEDA, the strategic fit within Accenture and working closely with both parties to ensure an efficient closing process. Please find below the related press releases from Accenture.
Accenture Completes Acquisition of XtremeEDA to Expand Silicon Design Capabilities in Canada and US
TORONTO and AUSTIN; June 30, 2022 – Accenture (NYSE: ACN) has completed its acquisition of XtremeEDA, an Ottawa-headquartered silicon design services leader. Accenture had announced its intent to acquire XtremeEDA on June 27, 2022. Financial terms of the transaction were not disclosed.
XtremeEDA provides semiconductor engineering services for clients across North America 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 acquisition adds approximately 40 experienced engineers and practitioners working across industries including software and platform, telecommunications, consumer products, avionics and defense to Accenture Cloud First.
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
TORONTO and AUSTIN; June 27, 2022 – 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.
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.