iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Accenture bolsters semiconductor capabilities with Cientra acquisition

11 Jul 2024 , 04:29 PM

Accenture announced its acquisition of Cientra, a silicon design and engineering services company, on July 10, expanding its capabilities in semiconductor innovation.

Cientra, founded in 2015 and headquartered in New Jersey, US, also operates from Frankfurt, Germany, and Bangalore, Hyderabad, and New Delhi in India.

The acquisition aims to meet growing demands in data center expansion, cloud computing, wireless technologies, edge computing, and AI-driven technologies.

At the time of writing on July 11, 2024 at 4:25 pm, shares of Accenture closed at Rs 295.44 which is a 0.88% dip than the previous close. The stock has witnessed a 4% dip in the last one year, and 14% since the beginning of the year.

Karthik Narain, Accenture’s group chief executive for Technology, emphasized that the acquisition enhances their silicon design and engineering capabilities.

Cientra specializes in embedded IoT consulting and application-specific integrated circuit design and verification, complementing Accenture’s existing strengths.

This strategic move underscores Accenture’s commitment to helping clients maximize value and innovate in the semiconductor space.

With a workforce of approximately 530 engineers, Cientra brings extensive experience in automotive, telecommunications, and high-tech industries to Accenture.

Anil Kempanna, CEO of Cientra, highlighted the opportunity to scale globally and drive growth for clients and employees through this acquisition.

Accenture’s acquisition of Cientra follows recent additions like Excelmax Technologies and XtremeEDA, reinforcing its leadership in semiconductor design services.

Headquartered in Dublin, Accenture specializes in IT services and consulting, serving a significant portion of the Fortune Global 500 and reporting substantial revenues annually.

Related Tags

  • Accenture
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.