Monday, July 15, 2024

Accenture, a major player in the IT industry, completes acquisition of US-based Cientra in undisclosed deal | Company News

Accenture Acquires Cientra for Silicon Design and Engineering Expansions in India

Global IT consulting and services major Accenture has made another strategic move by acquiring Cientra, a silicon design and engineering services company. The acquisition, whose terms were not disclosed, will bolster Accenture’s capabilities in silicon design and engineering, helping the company provide custom silicon solutions for its global clients.

Founded in 2015, Cientra is headquartered in New Jersey, US, and has offices in Germany as well as multiple locations in India. The company specializes in embedded IoT and application-specific integrated circuit design and verification, which will complement Accenture’s existing expertise in silicon design. This acquisition is part of Accenture’s ongoing efforts to help clients accelerate semiconductor innovation to meet the growing demand for data computing solutions.

This marks the third acquisition in the design engineering and silicon design space for Accenture. Earlier this week, the company acquired Excelmax Technologies, a semiconductor design services provider based in Bangalore, India, and in 2022, it acquired XtremeEDA, a silicon design services company in Ottawa, Canada.

Karthik Narain, group chief executive—Technology at Accenture, highlighted the increasing demand for next-generation silicon products driven by various technological advancements. He emphasized that the acquisition of Cientra reinforces Accenture’s commitment to assisting clients in maximizing value and staying competitive in the evolving tech landscape.

With approximately 530 experienced engineers and practitioners joining Accenture’s Advanced Technology Centres in India, Cientra brings a wealth of knowledge and expertise in engineering, development, and testing across various industries such as automotive, telecommunications, and high-tech. This acquisition solidifies Accenture’s position as a leading player in the silicon design and engineering space, positioning the company well for future growth and innovation.

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