Accenture boosts chip design with Excelmax acquisition
NEW YORK, UNITED STATES and BENGALURU, INDIA — Outsourcing giant Accenture has announced the acquisition of Excelmax Technologies, a semiconductor design services provider based in Bengaluru, India.
Financial terms of the deal were not disclosed.
Enhancing expertise in silicon solutions
Excelmax Technologies, founded in 2019, specializes in custom silicon solutions for consumer devices, data centers, and AI applications. The company’s expertise spans high-level design to detailed physical layout and full turnkey execution, serving clients in the automotive, telecommunications, and high-tech sectors.
With this acquisition, Accenture gained approximately 450 professionals skilled in key areas such as emulation, automotive, physical design, analog, logic design, and verification. This expansion significantly enhances Accenture’s ability to support global clients in accelerating edge computing innovation.
“With the rapid evolution of new technologies like generative AI and the growth of connected products, more intricate, specialized chips with enhanced performance and efficiency are required,” said Karthik Narain, group chief executive of technology at Accenture.
“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.”
Meeting growing silicon design market demands
The semiconductor market is witnessing increased demand for silicon design engineering, driven by the proliferation of data centers and the growing use of AI and edge computing.
This trend is further fueled by a rising consumer appetite for electronics, spurring new investments in chip design.
Shekhar Patil, founder and CEO of Excelmax Technologies, expressed enthusiasm about joining Accenture: “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.”
This acquisition follows Accenture’s 2022 purchase of XtremeEDA, an Ottawa-based silicon design services company, further solidifying its position in the semiconductor industry.
Accenture is a global leader in professional services. It operates in more than 120 countries and has an approximately 750,000-person workforce. For the second consecutive year, it ranked #1 in the OA500 2024, an objective index of the world’s top 500 outsourcing companies.
