IT giant Accenture acquires US-based Cientra for undisclosed amount

The firm has presence in India and adds capabilities in silicon design and engineering

Accenture
Accenture (Photo: Wikimedia commons)
Shivani Shinde Mumbai
2 min read Last Updated : Jul 11 2024 | 5:59 AM IST
Global IT consulting and services major Accenture announced the acquisition of Cientra, a silicon design and engineering services company offering custom silicon solutions for global clients. The terms of the acquisition were not disclosed.

Founded in 2015, Cientra is headquartered in New Jersey, US, and has offices in Frankfurt, Germany, as well as in Bangalore, Hyderabad, and New Delhi, India. The company brings consulting expertise in embedded IoT and application-specific integrated circuit design and verification capabilities, which augments Accenture’s silicon design experience and further enhances its ability to help clients accelerate semiconductor innovation required to support growing data computing needs.

This is the third acquisition by the firm in the design engineering and silicon design space. 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.

“Everything from data centre expansion to cloud computing, wireless technologies, edge computing and the proliferation of AI, are driving demand for next-generation silicon products,” said Karthik Narain, group chief executive—Technology at Accenture. “Our acquisition of Cientra is our latest move to expand our silicon design and engineering capabilities and it underscores our commitment to helping our clients maximise value and reinvent themselves in this space.”

Cientra has deep experience in engineering, development, and testing across hardware, software, and networks, in the automotive, telecommunications, and high-tech industries. The company brings approximately 530 experienced engineers and practitioners to Accenture’s Advanced Technology Centres in India.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :AccentureIT serviceIndian companies

First Published: Jul 10 2024 | 9:02 PM IST

Next Story